Common use of Registration Procedures Clause in Contracts

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2, the Company will, as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 3 contracts

Samples: Registration Rights Agreement (Allis Chalmers Corp), Registration Rights Agreement (Allis Chalmers Corp), Registration Rights Agreement (Allis Chalmers Corp)

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Registration Procedures. If and whenever In the case of each registration effected by the Company is required pursuant to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 2, the Company willwill keep each Holder advised in writing as to the initiation of each registration and as to the completion thereof. At its expense, as expeditiously as possiblethe Company will use its best efforts to: (a) prepare Prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERand, that upon the Company may discontinue any registration request of its securities which are not the Holders of a majority of the Registrable Securities registered thereunder, keep such registration effective for a period ending on the earlier of the date which is one hundred twenty (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities120) at any time prior to days from the effective date of the registration statement or such time as the Holder or Holders have completed the distribution described in the registration statement relating thereto; provided, however, that such 120-day period shall be extended for a period of time equal to the period the Holder refrains from selling any securities included in such registration at the request of an underwriter of Common Stock (or other securities) of the Company; (b) prepare Prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith with such registration statement as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities covered by such registration statement, Furnish such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case prospectuses, including all exhibits), such number of copies of the prospectus contained in such registration statement (including each any preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Actprospectuses, and such other documentsdocuments incident thereto, including any amendment of or supplement to the prospectus, as such seller a Holder from time to time may reasonably request; (d) use Use its reasonable best efforts (i) to register or and qualify all Registrable Securities and other the securities covered by such registration statement under such other securities or blue sky Blue Sky laws of such States of the United States of America where an exemption is not available and jurisdiction as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate requested by the disposition in such jurisdictions of the securities to be sold by such sellersHolders; provided, except that the Company shall not for any such purpose be required in connection therewith or as a condition thereto to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to file a general consent to general service of process in any such jurisdictionstates or jurisdictions; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify Notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon Act of the happening of any event as a result of which, which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading or incomplete in the light of the circumstances under which they were madethen existing, and at the request of any following such seller notification promptly prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesshares, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading or incomplete in the light of the circumstances then existing; (f) If (i) a registration made pursuant to a shelf registration statement is required to be kept effective in accordance with this Agreement after the third anniversary of the initial effective date of the shelf registration statement and (ii) the registration rights of the applicable Holders have not terminated, file a new registration statement with respect to any unsold Registrable Securities subject to the original request for registration prior to the end of the three-year period after the initial effective date of the shelf registration statement, and keep such registration statement effective in accordance with the requirements otherwise applicable under which they were madethis Agreement; (g) Furnish, on the date that such Registrable Securities are delivered to the underwriters for sale, if such securities are being sold through underwriters, (i) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an underwritten public offering, addressed to the underwriters, if any, and reasonably satisfactory to a majority in interest of the Holders requesting registration of Registrable Securities and (ii) a “comfort” letter dated as of such date, from the independent certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering, addressed to the underwriters; (h) otherwise Provide a transfer agent and registrar for all Registrable Securities registered pursuant to such registration statement and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; (i) Otherwise use its commercially reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statementthe Registration Statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunderAct; (j) Cause all such Registrable Securities registered pursuant hereunder to be listed on each securities exchange on which similar securities issued by the Company are then listed; (k) Make available for inspection by any underwriter participating in any disposition pursuant to such registration statement, and promptly furnish any attorney, accountant or other agent retained by any such underwriter, all financial and other records, pertinent corporate documents and properties of the Company, subject to a customary confidentiality agreement; (l) Notify each such seller of such Registrable Securities Securities, promptly after it shall receive notice thereof, of the time when such registration statement has become effective or a copy supplement to any prospectus forming a part of such registration has been filed; (m) Advise each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any amendment or supplement to stop order by the SEC suspending the effectiveness of such registration statement or prospectus; (i) provide the initiation or threatening of any proceeding for such purpose and cause promptly use all reasonable efforts to prevent the issuance of any stop order or to obtain its withdrawal if such stop order should be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registrationissued; and (jn) use its reasonable best efforts In connection with any underwritten offering pursuant to list all Registrable Securities covered by such a registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities filed pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and2.1, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then enter into and perform its obligations under an underwriting agreement in usual and customary form; provided that each Holder participating in such holder's possession of the prospectus relating to underwriting shall also enter into and perform its obligations under such Registrable Securities current at the time of receipt of such noticean agreement.

Appears in 3 contracts

Samples: Investors’ Rights Agreement (GP Investments Acquisition Corp.), Investors’ Rights Agreement (Rimini Street, Inc.), Investors’ Rights Agreement (Rimini Street, Inc.)

Registration Procedures. If If, whenever and whenever to the extent that the Company is required to use its commercially reasonable best efforts to effect the registration of any Holder Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 11.1, the Company will, will as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its commercially reasonable best efforts to cause such registration statement to become effective; PROVIDEDand remain effective for a period of two (2) years or, HOWEVERif earlier, until all of such Holder Registrable Securities have been disposed of, provided that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with for the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof period set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(gSection 11.3(i) of Regulation S-X that applies to the Companyabove; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, Holder such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, documents as such seller Holder may reasonably requestrequest in order to dispose of the Holder Registrable Securities; (div) use its commercially reasonable best efforts (i) to register or qualify all Holder Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement Holder shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose (a) be required to qualify generally to do business as a foreign corporation in any jurisdiction, (b) to subject itself to taxation in any such jurisdiction wherein it would not but for the requirements of this subdivision or (dc) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (gv) notify each seller of Registrable Securities covered by such registration statement Holder, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (jvi) use its commercially reasonable best efforts to list all Registrable Securities covered by such registration statement furnish, on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no date that such Registrable Securities are so listeddelivered to the underwriters for sale, on any national if such securities exchange on which are being sold through underwriters, (i) an opinion, dated as of such date, of the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish counsel representing the Company such information regarding such seller and for the distribution purposes of such securities registration, in form and substance as is customarily given to underwriters in an underwritten public offering, addressed to the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition underwriters, if any, and (ii) a letter dated as of such Registrable Securities thatdate, upon receipt of any notice from the Company independent certified public accountants of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering addressed to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeunderwriters.

Appears in 3 contracts

Samples: Warrant Agreement (Action Products International Inc), Warrant Agreement (Action Products International Inc), Warrant Agreement (Action Products International Inc)

Registration Procedures. If and whenever the The Company is required to will use its reasonable best efforts to effect each Required Registration pursuant to Section 3.1 and each Incidental Registration pursuant to Section 3.2, and to cooperate with the registration sale of any such Registrable Securities under in accordance with the Securities Act intended method of disposition thereof as provided in Sections 1.1 quickly as possible, and 1.2, the Company will, will as expeditiously as possible: (a) prepare and (within 90 days after subject, in the end case of the period within which requests for registration may be given an Incidental Registration, to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement proviso to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a3.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments SEC the registration statement and supplements use its reasonable efforts to cause the Registration to become effective; provided, however, that, to the extent practicable, the Company will furnish to the holders of the Registrable Securities covered by such registration statement and their counsel, copies of all such documents proposed to be filed and any such holder shall have the opportunity to comment on any information pertaining solely to such holder and its plan of distribution that is contained therein and the Company shall make the corrections reasonably requested by such holder with respect to such information prior to filing any such registration statement or amendment. (b) subject, in the case of an Incidental Registration, to the proviso to Section 3.2(a), prepare and file with the SEC such amendments and post-effective amendments to any registration statement and any prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDstatement and cause the prospectus to be supplemented by any required prospectus supplement, that except with respect and as so supplemented to any such registration statement be filed pursuant to Rule 415 424 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish furnish, upon request, to each seller holder of Registrable Securities covered by to be included in such Registration and the underwriter or underwriters, if any, without charge, at least one signed copy of the registration statementstatement and any post-effective amendment thereto, and such number of conformed copies of such registration statement thereof and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other each prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, any amendments or supplements thereto and such other documentsany documents incorporated by reference therein, as such seller holder or underwriter may reasonably request; (d) use its reasonable best efforts (i) request in order to register or qualify all facilitate the disposition of the Registrable Securities and other securities covered being sold by such registration statement under such other securities or blue sky laws of such States holder (it being understood that the Company consents to the use of the United States of America where an exemption is not available prospectus and as the sellers any amendment or supplement thereto by each holder of Registrable Securities covered by such registration statement shall reasonably requestand the underwriter or underwriters, if any, in connection with the Public Offering and sale of the Registrable Securities covered by the prospectus or any amendment or supplement thereto); (d) notify each holder of the Registrable Securities to be included in such Registration and the underwriter or underwriters, if any: (i) of any stop order or other order suspending the effectiveness of any registration statement, issued or threatened by the SEC in connection therewith, and take all reasonable actions required to prevent the entry of such stop order or to remove it or obtain withdrawal of it at the earliest possible moment if entered; (ii) when such registration statement or any prospectus used in connection therewith, or any amendment or supplement thereto, has been filed and, with respect to such registration statement or any post-effective amendment thereto, when the same has become effective; (iii) of any written request by the SEC for amendments or supplements to such registration statement or prospectus; and (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the applicable securities or blue sky laws of any jurisdiction; (e) if requested by the managing underwriter or underwriters or any holder of Registrable Securities to be included in such Registration in connection with any sale pursuant to a registration statement, promptly incorporate in a prospectus supplement or post-effective amendment such information relating to such underwriting as the managing underwriter or underwriters or such holder reasonably requests to be included therein; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such prospectus supplement or post-effective amendment; (f) on or prior to the date on which a Registration is declared effective, use its reasonable efforts to register or qualify, and cooperate with the holders of Registrable Securities to be included in such Registration, the underwriter or underwriters, if any, and their counsel, in connection with the registration or qualification of the Registrable Securities covered by such Registration for offer and sale under the securities or "blue sky" laws of each state and other jurisdiction of the United States as any such holder or underwriter reasonably requests in writing; use its reasonable efforts to keep each such registration or qualification in effect for so long as effective, including through new filings, or amendments or renewals, during the period such registration statement remains in effect, is required to be kept effective; and (iii) to take do any and all other action which may be reasonably acts or things necessary or advisable to enable such sellers to consummate the disposition of the Registrable Securities in all such jurisdictions of the securities to be sold reasonably requested covered by such sellersRegistration; provided, except however, that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would is not but for the requirements of this subdivision (d) be obligated to be then so qualified or to consent take any action which would subject it to general service of process in any such jurisdictionjurisdiction where it is not then so subject; (eg) in connection with any sale pursuant to a Registration, cooperate with the holders of Registrable Securities to be included in such Registration and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing securities to be sold under such Registration, and enable such securities to be in such denominations and registered in such names as the managing underwriter or underwriters, if any, or such holders may request; (h) use its reasonable best efforts to cause all the Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities within the United States and having jurisdiction over the Company or any Subsidiary as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof or the underwriter or underwriters, if any, to consummate the disposition of such Registrable Securitiessecurities; (fi) furnish use its reasonable efforts to obtain: (A) at the effective time of effectiveness of each Registration, a "comfort letter" from the Company's independent certified public accountants covering such matters of the type customarily covered by "cold comfort letters" as the holders of a majority of the Registrable Securities to be included in such Registration and the underwriters reasonably request; and (B) at the time of any underwritten sale pursuant to the registration statement, a "bring-down comfort letter," dated as of the date of such registration statement sale, from the Company's independent certified public accountants covering such matters of the type customarily covered by comfort letters as the Requisite Holders and the underwriters reasonably request; (j) use its reasonable efforts to obtain, at the time of effectiveness of each Registration and at the time of any sale pursuant to each seller Registration, an opinion or opinions addressed to the holders of the Registrable Securities, Securities to be included in such Registration and each such seller's the underwriter or underwriters, if any, a signed counterpart of: (i) an opinion of in customary form and scope from counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (gk) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities ActRegistration, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such registration statementRegistration, 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 under which they were made, and at the request of any such seller promptly prepare and file with the SEC and furnish to it such seller or holder a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers or prospective purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were are made; (hl) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make generally available to its security holders, holders (as soon as reasonably practicable, contemplated by Section 11(a) under the Securities Act) an earnings statement covering satisfying the provisions of Rule 158 under the Securities Act no later than ninety (90) days after the end of the twelve (12) month period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month of the Company's first fiscal quarter commencing after the effective date of such the registration statement, which earnings statement shall satisfy the provisions of Section 11(acover said twelve (12) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectusmonth period; (im) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement each Registration from and after a date not later than the effective date of such registration; andRegistration; (jn) use its reasonable best efforts to list cause all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities each Registration to be listed subject to notice of issuance, prior to the same class covered by such registration statement are then listed and, if no date of first sale of such Registrable Securities are so listedpursuant to such Registration, on any national each securities exchange on which the Common Stock is are then listed, and admitted to trading on NASDAQ, if the Common Stock or any such other securities of the Company are then admitted to trading on NASDAQ; and (o) enter into such agreements (including underwriting agreements in customary form) and take such other actions as the Requisite Holders shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities. The Company may require each seller holder of Registrable Securities as to which any registration is being effected that will be included in such Registration to furnish the Company with such information regarding such seller and the distribution in respect of such securities holder of its Registrable Securities that will be included in such Registration as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees writing and as is required by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeApplicable Law.

Appears in 3 contracts

Samples: Stockholders Agreement (Associated Materials Inc), Stockholders Agreement (AMH Holdings, Inc.), Stockholders Agreement (AMH Holdings, Inc.)

Registration Procedures. If Subject to Sections 7.1(b) and 7.2(b), if and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in pursuant to Sections 1.1 and 1.27.1, 7.2, or 7.6, the Company will, as expeditiously as possibleshall promptly: (a) prepare prepare, and (within 90 days after the end of the period within which requests for registration may be given to the Company or as soon as practicable, but in any event as soon thereafter as practicable) within 60 days thereafter, file with the Commission the requisite Commission, a registration statement with respect to effect such registration Registrable Securities, make all required filings with the NASD and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating theretoas soon as practicable; (b) prepare and promptly file with the Commission such amendments and post-effective amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and for so long as is required to comply with the provisions of the Securities Act with respect and to complete the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended method or methods of disposition by thereof, but (other than in the seller or sellers thereof set forth case of a Shelf Registration Statement) in such registration statement; PROVIDED, that except with respect to any no event for a period of more than six months after such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companybecomes effective; (c) furnish copies of all documents proposed to be filed with the Commission in connection with such registration to (i) counsel selected by Xxxxx in the case of a registration pursuant to Section 7.1, and which counsel may also be counsel to the Company, and (ii) each seller of Registrable Securities (or in the case of the initial filing of a registration statement, within five Business Days of such initial filing) and such documents shall be subject to the review of such counsel, provided that the Company shall not file any registration statement or any amendment or post-effective amendment or supplement to such registration statement or the prospectus used in connection therewith to which such counsel shall have reasonably objected on the grounds that such registration statement amendment, supplement or prospectus does not comply (explaining why) in all material respects with the requirements of the Securities Act or of the rules or regulations thereunder; (d) furnish to each seller of Registrable Securities covered by such registration statementSecurities, without charge, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), exhibits and documents filed therewith) and such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities owned by such seller in accordance with the intended method or methods of disposition thereof; (de) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other the securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition of such Registrable Securities in such jurisdictions in accordance with the intended method or methods of the securities to be sold by such sellersdisposition thereof, except provided that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it is not so qualified, subject itself to taxation in any jurisdiction wherein it is not so subject, or take any action which would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent subject it to general service of process in any such jurisdictionjurisdiction wherein it is not so subject; (ef) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal governmental agencies, authorities or state governmental agencies or authorities self-regulatory bodies as may be necessary in by virtue of the opinion business and operations of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable SecuritiesSecurities in accordance with the intended method or methods of disposition thereof; (fg) in any underwritten offering, furnish at to Xxxxx and, to the effective date of extent such registration statement is occurring pursuant to each seller of Registrable SecuritiesSection 7.2, and each such seller's underwriters, if any, a signed counterpart ofthe Non-Xxxxx Stockholders: (i) an opinion of counsel for the CompanyCompany experienced in securities law matters, dated the effective date of such the registration statement (and, if applicablesuch registration includes an underwritten public offering, the date of the closing under the underwriting agreement), and (ii) a "comfort" letter (unless the registration is pursuant to Section 7.6 and such a letter is not otherwise being furnished to the Company), dated the effective date of such registration statement (and if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified issued an audit report on the Company's ’s financial statements included or incorporated by reference in such the registration statement, covering substantially the same such matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's ’s counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, and such other financial matters, and, in the case of the legal opinion, such other legal matters, matters as the underwriters Xxxxx may reasonably request; (gh) notify each seller of any Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon Act of the happening of any event or existence of any fact as a result of which, which the prospectus included in such 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, misleading in the light of the circumstances under which they were madethen existing, (i) in the case of a Shelf Registration Statement, if a Stockholder has provided notice of an intent to sell, within five Business Days of such notice and at (ii) in the request case of any other registration statement hereunder, as promptly as is practicable but in any event, no later than 30 days after such seller promptly notice (except in the case of clause (i) or (ii) to the extent the Company delivers a Material Event Notice, in which case such period may be up to 60 days but shall end upon public disclosure of the material transaction which necessitated such Material Event Notice), prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (hi) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement of the Company (in form complying with the provisions of Rule 158 under the Securities Act) covering the period of at least twelve 12 months, but not more than eighteen 18 months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (ij) provide and cause to be maintained a transfer agent and registrar (which, in notify each case, may be the Company) for all seller of any Registrable Securities covered by such registration statement from (i) when the prospectus or any prospectus supplement or post-effective amendment has been filed, and, with respect to such registration statement or any post-effective amendment, when the same has become effective, (ii) of any request by the Commission for amendments or supplements to such registration statement or to amend or to supplement such prospectus or for additional information, (iii) of the issuance by the Commission of any stop order suspending the effectiveness of such registration statement or the initiation of any proceedings for that purpose and after (iv) of the suspension of the qualification of such securities for offering or sale in any jurisdiction, or of the institution of any proceedings for any of such purposes; (k) use every reasonable effort to obtain the lifting of any stop order that might be issued suspending the effectiveness of such registration statement at the earliest possible moment; (l) use its best efforts (i) (A) to list such Registrable Securities on any securities exchange on which the equity securities of the Company are then listed or, if no such equity securities are then listed, on an exchange selected by the Company, if such listing is then permitted under the rules of such exchange, or (B) if such listing is not practicable, to secure designation of such securities as a date NASDAQ “national market system security” within the meaning of Rule 11Aa2-1 under the Exchange Act or, failing that, to secure NASDAQ authorization for such Registrable Securities, and, without limiting the foregoing, to arrange for at least two market makers to register as such with respect to such Registrable Securities with the NASD, and (ii) to provide a transfer agent and registrar for such Registrable Securities not later than the effective date of such registrationregistration statement and to instruct such transfer agent (A) to release any stop transfer order with respect to the certificates with respect to the Registrable Securities being sold and (B) to furnish certificates without restrictive legends representing ownership of the shares being sold, in such denominations requested by the sellers of the Registrable Securities or the lead underwriter; (m) enter into such agreements and take such other actions as the sellers of Registrable Securities or the underwriters reasonably request in order to expedite or facilitate the disposition of such Registrable Securities, including, without limitation, preparing for, and participating in, such number of “road shows” and all such other customary selling efforts as the underwriters reasonably request in order to expedite or facilitate such disposition; (n) furnish to any holder of such Registrable Securities on a confidential basis such information and assistance as such holder may reasonably request in connection with any “due diligence” effort which such seller deems appropriate; and (jo) use its reasonable best efforts to list take all other steps necessary to effect the registration of such Registrable Securities covered by such contemplated hereby. As a condition to its registration statement on any national securities exchange on which of Registrable Securities of any prospective seller, the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each such seller of any Registrable Securities as to which any registration is being effected to execute powers-of-attorney, custody arrangements and other customary agreements appropriate to facilitate the offering and to furnish to the Company such information regarding such seller seller, its ownership of Registrable Securities and the distribution disposition of such securities Registrable Securities as the Company may from time to time reasonably request in writingwriting and as shall be required by law in connection therewith. Each such holder agrees to furnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such holder not materially misleading. The Company agrees not to file or make any amendment to any registration statement with respect to any Registrable Securities, or any amendment of or supplement to the prospectus used in connection therewith, which refers to any holder of Registrable Securities, or otherwise identifies any holder of Registrable Securities agrees as the holder of any Registrable Securities, without the consent of such holder, such consent not to be unreasonably withheld or delayed, unless such disclosure is required by law. By acquisition of Registrable Securities, each holder of such Registrable Securities that, shall be deemed to have agreed that upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.37.7(h), such holder will forthwith promptly discontinue such holder's ’s disposition of Registrable Securities pursuant to the registration statement relating to covering such Registrable Securities until such holder's ’s receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if 7.7(h). If so directed by the Company, each holder of Registrable Securities will deliver to the Company (at the Company's ’s expense) all copies, other than permanent file copies, then in such holder's ’s possession of the prospectus relating to covering such Registrable Securities current at the time of receipt of such notice. In the event that the Company shall give any such notice, the period mentioned in Section 7.7(a) shall be extended by the number of days during the period from and including the date of the giving of such notice to and including the date when each seller of any Registrable Securities covered by such registration statement shall have received the copies of the supplemented or amended prospectus contemplated by Section 7.7(h).

Appears in 3 contracts

Samples: Asset Purchase Agreement (Global Geophysical Services Inc), Shareholder Agreement (Global Geophysical Services Inc), Shareholder Agreement (Global Geophysical Services Inc)

Registration Procedures. If and whenever Whenever any Stockholders request that any Registrable Securities be registered pursuant to Section 1.01 or 1.02 hereof, subject to the provisions of such Sections, the Company is required to shall use its reasonable best efforts to effect the registration and the sale of any such Registrable Securities under in accordance with the Securities Act intended method of disposition thereof as provided quickly as practicable, and, in Sections 1.1 and 1.2, the Company will, as expeditiously as possibleconnection with any such request: (a) The Company shall as expeditiously as possible prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite SEC a registration statement on any form for which the Company then qualifies or that counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities to effect such registration be registered thereunder in accordance with the intended method of distribution thereof, and thereafter use its reasonable best efforts to cause such filed registration statement to become effective; PROVIDEDand remain effective for a period of not less than 180 days, HOWEVERor in the case of a shelf registration statement, that one (1) year (or such shorter period in which all of the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the Registering Stockholders included in such registration statement relating thereto;shall have actually been sold thereunder). (b) prepare Prior to filing a registration statement or prospectus or any amendment or supplement thereto, the Company shall, if requested, furnish to each participating Stockholder and file with each underwriter, if any, of the Commission such amendments and supplements to Registrable Securities covered by such registration statement and the prospectus used in connection therewith as may be necessary to keep copies of such registration statement effective as proposed to be filed, and thereafter the Company shall furnish to such Stockholder and underwriter, if any, such number of copies of such registration statement, each amendment and supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 or Rule 430A under the Securities Act and such other documents as such Stockholder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Stockholder. (c) After the filing of the registration statement, the Company shall (i) cause the related prospectus to be supplemented by any required prospectus supplement, and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act, (ii) comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of during the applicable period in accordance with the intended methods of disposition by the seller or sellers Registering Stockholders thereof set forth in such registration statement; PROVIDED, that except with respect statement or supplement to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(gprospectus and (iii) of Regulation S-X that applies to the Company; (c) furnish to promptly notify each seller of Registering Stockholder holding Registrable Securities covered by such registration statement, such number statement of conformed copies any stop order issued or threatened by the SEC or any state securities commission and take all reasonable actions required to prevent the entry of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request;stop order or to remove it if entered. (d) The Company shall use its reasonable best efforts to (i) to register or qualify all the Registrable Securities and other securities covered by such registration statement under such other securities or blue sky sky” laws of such States of jurisdictions in the United States of America where an exemption is not available and as the sellers of any Registering Stockholder holding such Registrable Securities covered by reasonably (in light of such registration statement shall reasonably request, Stockholder’s intended plan of distribution) requests and (ii) cause such Registrable Securities to keep be registered with or approved by such registration other governmental agencies or qualification in effect for so long authorities as such registration statement remains in effect, may be necessary by virtue of the business and (iii) to take operations of the Company and do any and all other action which acts and things that may be reasonably necessary or advisable to enable such sellers Stockholder to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellers, except Stockholder; provided that the Company shall not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision Section 1.04(d), (dB) be obligated subject itself to be so qualified taxation in any such jurisdiction or to (C) consent to general service of process in any such jurisdiction;. (e) use its reasonable best efforts to cause all The Company shall immediately notify each Registering Stockholder holding such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, or upon as thereafter delivered to the happening purchasers of any event as a result of whichsuch Registrable Securities, the such prospectus included in such registration statement, as then in effect, includes will not contain an untrue statement of a material fact or omits omit 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 under which they were made, misleading and at the request of any such seller promptly prepare and furnish make available to it each such Stockholder and file with the SEC any such supplement or amendment. (i) The DLJMB Stockholders shall have the right, in their sole discretion, to select the underwriter or underwriters in connection with any Public Offering resulting from a reasonable number Demand Registration, which underwriter or underwriters may include any Affiliate of copies any DLJMB Stockholder, and (ii) the Company shall select an underwriter or underwriters in connection with any other Public Offering. In connection with any Public Offering, the Company shall enter into customary agreements (including an underwriting agreement in customary form) and take all such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities in any such Public Offering, including the engagement of a supplement “qualified independent underwriter” in connection with the qualification of the underwriting arrangements with the NASD. (g) Upon execution of confidentiality agreements in form and substance reasonably satisfactory to the Company, the Company shall make available for inspection by any Registering Stockholder and any underwriter participating in any disposition pursuant to a registration statement being filed by the Company pursuant to this Section 1.04 and any attorney, accountant or an amendment other professional retained by any such Stockholder or underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as shall be reasonably necessary or desirable to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any Inspectors in connection with such registration statement. Records that the Company determines, in good faith, to be confidential and that it notifies the Inspectors are confidential shall not be disclosed by the Inspectors unless (i) the disclosure of such prospectus Records is necessary to avoid or correct a misstatement or omission in such registration statement or (ii) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction. Each Registering Stockholder agrees that information obtained by it as may a result of such inspections shall be necessary so deemed confidential and shall not be used by it or its Affiliates as the basis for any market transactions in the Company Securities unless and until such information is made generally available to the public. Each Registering Stockholder further agrees that, as thereafter delivered upon learning that disclosure of such Records is sought in a court of competent jurisdiction, it shall give notice to the purchasers of such securitiesCompany and allow the Company, such prospectus shall not include an untrue statement of a material fact or omit at its expense, to state a material fact required undertake appropriate action to be stated therein or necessary to make the statements therein not misleading in the light prevent disclosure of the circumstances under which they were made;Records deemed confidential. (h) The Company shall furnish to each Registering Stockholder and to each such underwriter, if any, a signed counterpart, addressed to such Stockholder or underwriter, of (i) an opinion or opinions of counsel to the Company and (ii) a comfort letter or comfort letters from the Company’s independent public accountants, each in customary form and covering such matters of the kind customarily covered by opinions or comfort letters, as the case may be, as a majority of such Stockholders or the managing underwriter therefor reasonably requests. (i) The Company shall otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings earning statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of or such registration statement, which earnings statement other document that shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to . (j) The Company may require each such seller Registering Stockholder promptly to furnish in writing to the Company such information regarding the distribution of the Registrable Securities a copy as the Company may from time to time request and such other information as may be legally required in connection with such registration. (k) Each such Registering Stockholder agrees that, upon receipt of any written notice from the Company of the occurrence of any event requiring the preparation of a supplement or amendment or supplement of a prospectus relating to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by a registration statement that is required to be delivered under the Securities Act so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or to make the statements therein not misleading, such Stockholder shall forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Stockholder’s receipt of the copies of a supplemented or amended prospectus, and, if so directed by the Company, such Stockholder shall deliver to the Company all copies, other than any permanent file copies then in such Stockholder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. If the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained effective (including the period referred to in Section 1.04(a) hereof) by the number of days during the period from and after a date not later than including the effective date of the giving of notice pursuant to Section 1.04(e) hereof to the date when the Company shall make available to such registration; andStockholder a prospectus supplemented or amended to conform with the requirements of Section 1.04(e) hereof. (jl) The Company shall use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange or quotation system on which any of the Registrable Securities of the same class covered by such registration statement are then listed and, if no or traded and to maintain such listing so long as any such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. remain outstanding. (m) The Company may require each seller shall have appropriate officers of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (i) prepare and make presentations at any “road shows” and before analysts and rating agencies, as the Company's expensecase may be, (ii) all copiestake other actions to obtain ratings for any Registrable Securities and (iii) otherwise use their reasonable efforts to cooperate as requested by the underwriters in the offering, other than permanent file copies, then in such holder's possession marketing or selling of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeSecurities.

Appears in 3 contracts

Samples: Registration Rights Agreement (STR Holdings LLC), Registration Rights Agreement (STR Holdings (New) LLC), Registration Rights Agreement (STR Holdings LLC)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective in accordance with Section 2.1(d) hereof and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDprovided, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company135 days; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (ix) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (iiy) to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iiiz) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the reasonable opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Jw Childs Equity Partners L P), Registration Rights Agreement (Playtex Products Inc)

Registration Procedures. If and whenever Whenever Stockholders request that any Registrable Securities be registered pursuant to Section 4.01 or 4.02 hereof, subject to the provisions of such Sections, the Company is required to will use its reasonable best efforts to effect the registration and the sale of any such Registrable Securities under in accordance with the Securities Act intended method of disposition thereof as provided quickly as practicable, and in Sections 1.1 and 1.2, the Company will, as expeditiously as possibleconnection with any such request: (a) prepare and The Company will as expeditiously as possible (within 90 days after the end of the period within which requests for registration may be given to the Company or but in any event as soon thereafter as practicablewithin (i) file with 45 days of receipt of a request for a Demand Registration or (ii) in the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDcase of a Shortform Registration, HOWEVER, that the Company may discontinue any registration within 21 days of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date receipt of the registration statement relating thereto; (ba request for a Demand Registration) prepare and file with the Commission SEC a registration statement on any form reasonably acceptable to FP for which the Company then qualifies or that counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities to be registered thereunder in accordance with the intended method of distribution thereof, and use its best efforts to cause such amendments filed registration statement to become and supplements to remain effective for a period of not less than 180 days, or in the case of a shelf registration statement, one year (or such shorter period in which all of the Registrable Securities of the Holders included in such registration statement shall have actually been sold thereunder). (b) Prior to filing a registration statement or prospectus or any amendment or supplement thereto, the Company will, if requested, furnish to each participating Stockholder and each underwriter, if any, of the prospectus used in connection therewith as may be necessary to keep Registrable Securities covered by such registration statement effective copies of such registration statement as proposed to be filed, and thereafter the Company will furnish to such Stockholder and underwriter, if any, such number of copies of such registration statement, each amendment and supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 or Rule 430A under the Securities Act and such other documents as such Stockholder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Stockholder. FP shall have the right to request that the Company modify any information contained in such registration statement, amendment and supplement thereto pertaining to FP and the Company shall use all reasonable efforts to comply with such request, provided, however, that the Company shall not have any obligation so to modify any information if so doing would cause the prospectus to contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading. (c) After the filing of the registration statement, the Company will (i) cause the related prospectus to be supplemented by any required prospectus supplement, and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act, (ii) to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of during the applicable period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect statement or supplement to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(gprospectus and (iii) of Regulation S-X that applies to the Company; (c) furnish to promptly notify each seller of Stockholder holding Registrable Securities covered by such registration statement, such number statement of conformed copies any stop order issued or threatened by the SEC or any state securities commission under state blue sky laws and take all reasonable actions required to prevent the entry of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request;stop order or to remove it if entered. (d) The Company will use its all reasonable best efforts to (i) to register or qualify all the Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of jurisdictions in the United States of America where an exemption is not available and as the sellers of any Stockholder holding such Registrable Securities covered by reasonably (in light of such registration statement shall reasonably request, Stockholder’s intended plan of distribution) requests and (ii) cause such Registrable Securities to keep be registered with or approved by such registration other governmental agencies or qualification in effect for so long authorities as such registration statement remains in effect, may be necessary by virtue of the business and (iii) to take operations of the Company and do any and all other action which acts and things that may be reasonably necessary or advisable to enable such sellers Stockholder to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersStockholder, except provided that the Company shall will not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision paragraph (d), (B) be obligated subject itself to be so qualified taxation in any such jurisdiction or to (C) consent to general service of process in any such jurisdiction;. (e) use its reasonable best efforts to cause all The Company will immediately notify each Stockholder holding such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, or upon as thereafter delivered to the happening purchasers of any event as a result of whichsuch Registrable Securities, the such prospectus included in such registration statement, as then in effect, includes will not contain an untrue statement of a material fact or omits omit 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 under which they were made, misleading and at the request of any such seller promptly prepare and furnish make available to it a reasonable number of copies each such Stockholder and file with the SEC any such supplement or amendment. (i) FP will have the right, in its sole discretion, to select an underwriter or underwriters in connection with any Public Offering resulting from the exercise of a supplement Demand Registration, which underwriter or underwriters may include any Affiliate of FP, and (ii) the Company will select an underwriter or underwriters in connection with any other Public Offering. In connection with any Public Offering, the Company will enter into customary agreements (including an underwriting agreement in customary form) and take such other actions as are reasonably required in order to expedite or an amendment facilitate the disposition of such prospectus Registrable Securities in any such Public Offering, including the engagement of a “qualified independent underwriter” in connection with the qualification of the underwriting arrangements with the NASD. (g) Upon execution of confidentiality agreements in form and substance reasonably satisfactory to the Company, the Company will make available for inspection by any Stockholder and any underwriter participating in any disposition pursuant to a registration statement being filed by the Company pursuant to this Section 4.04 and any attorney, accountant or other professional retained by any such Stockholder or underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as may shall be reasonably necessary so or desirable to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any Inspectors in connection with such registration statement. Records that the Company determines, in good faith, to be confidential and that it notifies the Inspectors are confidential shall not be disclosed by the Inspectors unless (i) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in such registration statement or (ii) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction. Each Stockholder agrees that information obtained by it as a result of such inspections shall be deemed confidential and shall not be used by it or its Affiliates as the basis for any market transactions in the Company Securities unless and until such is made generally available to the public. Each Stockholder further agrees that, as thereafter delivered upon learning that disclosure of such Records is sought in a court of competent jurisdiction, it will give notice to the purchasers of such securitiesCompany and allow the Company, such prospectus shall not include an untrue statement of a material fact or omit at its expense, to state a material fact required undertake appropriate action to be stated therein or necessary to make the statements therein not misleading in the light prevent disclosure of the circumstances under which they were made;Records deemed confidential. (h) The Company will furnish to each such Stockholder and to each such underwriter, if any, a signed counterpart, addressed to such Stockholder or underwriter, of (i) an opinion or opinions of counsel to the Company and (ii) a comfort letter or comfort letters from the Company’s independent public accountants, each in customary form and covering such matters of the kind customarily covered by opinions or comfort letters, as the case may be, as a majority of such Stockholders or the managing underwriter therefor reasonably requests. (i) The Company will otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holderssecurityholders, as soon as reasonably practicable, an earnings statement or such other document covering the a period of at least twelve months, but not more than eighteen 12 months, beginning with the first full calendar month within three months after the effective date of such the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to . (j) The Company may require each such seller Stockholder promptly to furnish in writing to the Company such information regarding the distribution of the Registrable Securities as the Company may from time to time reasonably request and such other information as may be legally required in connection with such registration. (k) Each such Stockholder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 4.04(e) hereof, such Stockholder will forthwith discontinue disposition of Registrable Securities a copy pursuant to the registration statement covering such Registrable Securities until such Stockholder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 4.04(e) hereof, and, if so directed by the Company, such Stockholder will deliver to the Company all copies, other than any amendment or supplement to permanent file copies then in such Stockholder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. In the event that the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained effective (including the period referred to in Section 4.04(a) hereof) by the number of days during the period from and including the date of the giving of notice pursuant to Section 4.04(e) hereof to the date when the Company shall make available to such Stockholder a prospectus supplemented or prospectus;amended to conform with the requirements of Section 4.04(e) hereof. (il) The Company will use its best efforts to list all Registrable Securities covered by such registration statement on any securities exchange or quotation system on which any of the Registrable Securities are then listed or traded. (m) The Company will provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticestatement.

Appears in 2 contracts

Samples: Shareholder Agreement (Nptest Holding Corp), Stockholders' Agreement (Nptest Holding Corp)

Registration Procedures. If and whenever Whenever Shareholders request that any Registrable Securities be registered pursuant to Section 5.01 or 5.02, subject to the provisions of such Sections, the Company shall use its best efforts to effect the registration and the sale of such Registrable Securities in accordance with the intended method of disposition thereof as quickly as practicable, and, in connection with any such request: (a) The Company shall as expeditiously as possible prepare and file with the SEC a registration statement on any form for which the Company then qualifies or that counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities to be registered thereunder in accordance with the intended method of distribution thereof, and use its best efforts to cause such filed registration statement to become and remain effective for a period of not less than 180 days, or in the case of a shelf registration statement, one year (or such shorter period in which all of the Registrable Securities of the Shareholders included in such registration statement shall have actually been sold thereunder). (b) Prior to filing a registration statement or prospectus or any amendment or supplement thereto (other than any report filed pursuant to the Exchange Act that is required incorporated by reference therein), the Company shall, if requested, furnish to each participating Shareholder and each underwriter, if any, of the Registrable Securities covered by such registration statement copies of such registration statement as proposed to be filed, and thereafter the Company shall furnish to such Shareholder and underwriter, if any, copies of each amendment and supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424, Rule 430A, Rule 430B or Rule 430C under the Securities Act and such other documents as such Shareholder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Shareholder. Each Shareholder shall have the right to request that the Company modify any information contained in such registration statement, amendment and supplement thereto pertaining to such Shareholder and the Company shall use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2comply with such request, the Company willprovided, as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERhowever, that the Company may discontinue shall not have any registration obligation so to modify any information if the Company reasonably expects that so doing would cause the prospectus to contain an untrue statement of its securities which are a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not Registrable Securities misleading or omit any statement required by law. (and, under c) After the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date filing of the registration statement relating thereto; statement, the Company shall (bi) prepare and file with cause the Commission such amendments and supplements related prospectus to such registration statement and be supplemented by any required prospectus supplement, and, as so supplemented, to be filed pursuant to Rule 424 under the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to Securities Act, (ii) comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of during the applicable period in accordance with the intended methods of disposition by the seller or sellers Shareholders thereof set forth in such registration statement; PROVIDED, that except with respect statement or supplement to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(gprospectus and (iii) of Regulation S-X that applies to the Company; (c) furnish to promptly notify each seller of Shareholder holding Registrable Securities covered by such registration statement, such number statement of conformed copies any stop order issued or threatened by the SEC or any state securities commission and take all reasonable actions required to prevent the entry of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request;stop order or to remove it if entered. (d) The Company shall use its reasonable best efforts to (i) to register or qualify all the Registrable Securities and other securities covered by such registration statement under such other securities or blue sky sky” laws of such States of jurisdictions in the United States of America where an exemption is not available and as the sellers of any Registering Shareholder holding such Registrable Securities covered by reasonably (in light of such registration statement shall reasonably request, Shareholder’s intended plan of distribution) requests and (ii) cause such Registrable Securities to keep be registered with or approved by such registration other governmental agencies or qualification in effect for so long authorities as such registration statement remains in effect, may be necessary by virtue of the business and (iii) to take operations of the Company and do any and all other action which acts and things that may be reasonably necessary or advisable to enable such sellers Shareholder to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersShareholder, except provided that the Company shall not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision Section 5.04(d), (dB) be obligated subject itself to be so qualified taxation in any such jurisdiction or to (C) consent to general service of process in any such jurisdiction;. (e) use its reasonable best efforts to cause all The Company shall immediately notify each Shareholder holding Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, or upon as thereafter delivered to the happening purchasers of any event as a result of whichsuch Registrable Securities, the such prospectus included in such registration statement, as then in effect, includes will not contain an untrue statement of a material fact or omits omit 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 under which they were made, misleading and at the request of any such seller promptly prepare and furnish make available to it a reasonable number each such Shareholder and file with the SEC any such supplement or amendment. (i) A Majority in Interest of copies the Xxxxxx Xxxxxxx Investors shall have the right, in their sole discretion, to select an underwriter or underwriters in connection with any Public Offering resulting from the exercise by the Xxxxxx Xxxxxxx Investors of a supplement Demand Registration, which underwriter or underwriters may include any Affiliate of the Xxxxxx Xxxxxxx Investors and (ii) the Company shall select an underwriter or underwriters in connection with any other Public Offering. In connection with any Public Offering, the Company shall enter into customary agreements (including an underwriting agreement in customary form) and take such all other actions as are reasonably required in order to expedite or an amendment facilitate the disposition of such prospectus Registrable Securities in any such Public Offering, including the engagement of a “qualified independent underwriter” in connection with the qualification of the underwriting arrangements with FINRA. (g) Upon execution of confidentiality agreements in form and substance reasonably satisfactory to the Company, the Company shall make available for inspection by any Shareholder and any underwriter participating in any disposition pursuant to a registration statement being filed by the Company pursuant to this Section 5.04 and any attorney, accountant or other professional retained by any such Shareholder or underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as may shall be reasonably necessary so or desirable to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any Inspectors in connection with such registration statement. Records that the Company determines, in good faith, to be confidential Inspectors unless (i) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in such registration statement or (ii) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction. Each Shareholder agrees that information obtained by it as a result of such inspections shall be deemed confidential and shall not be used by it or its Affiliates as the basis for any market transactions in the Company Securities unless and until such information is made generally available to the public. Each Shareholder further agrees that, as thereafter delivered upon learning that disclosure of such Records is sought in a court of competent jurisdiction, it shall give notice to the purchasers of such securitiesCompany and allow the Company, such prospectus shall not include an untrue statement of a material fact or omit at its expense, to state a material fact required undertake appropriate action to be stated therein or necessary to make the statements therein not misleading in the light prevent disclosure of the circumstances under which they were made;Records deemed confidential. (h) The Company shall furnish to each Shareholder offering any Registrable Securities in such Public Offering and to each such underwriter, if any, a signed counterpart, addressed to such Shareholder or underwriter, of (i) an opinion or opinions of counsel to the Company and (ii) a comfort letter or comfort letters from the Company’s independent public accountants, each in customary form and covering such matters of the kind customarily covered by opinions or comfort letters, as the case may be, as a majority of such Shareholders or the managing underwriter therefor reasonably requests. (i) The Company shall otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of or such registration statement, which earnings statement other document that shall satisfy the provisions requirements of Section 11(a) of Rule 158 under the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andAct. (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected such Shareholder promptly to furnish in writing to the Company such information regarding such seller and the distribution of such securities the Registrable Securities as the Company may from time to time reasonably request and such other information as may be legally required in writing. connection with such registration. (k) Each holder of Registrable Securities Shareholder agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.35.04(e), such holder will Shareholder shall forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to covering such Registrable Securities until such holder's Shareholder’s receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 5.04(e), and, if so directed by the Company, will such Shareholder shall deliver to the Company (at the Company's expense) all copies, other than any permanent file copies, copies then in such holder's possession Shareholder’s possession, of the most recent prospectus relating to covering such Registrable Securities current at the time of receipt of such notice. If the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained effective (including the period referred to in Section 5.04(a)) by the number of days during the period from and including the date of the giving of notice pursuant to Section 5.04(e) to the date when the Company shall make available to such Shareholder a prospectus supplemented or amended to conform with the requirements of Section 5.04(e). (l) The Company shall use its best efforts to list all Registrable Securities covered by such registration statement on any securities exchange or quotation system on which any of the Registrable Securities are then listed or traded. (m) The Company shall have appropriate officers of the Company (i) prepare and make presentations at any “road shows” and before analysts and rating agencies, as the case may be, (ii) take other actions to obtain ratings for any Registrable Securities and (iii) otherwise use their best efforts to cooperate as reasonably requested by the underwriters in the offering, marketing or selling of the Registrable Securities.

Appears in 2 contracts

Samples: Shareholders Agreement (Tops Markets Ii Corp), Shareholders’ Agreement (Tops PT, LLC)

Registration Procedures. If and whenever In the case of each registration effected by the Company is required pursuant to Section 2, the Company will keep each Holder advised in writing as to the initiation of each registration and as to the completion thereof. At its expense, the Company will use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2, the Company will, as expeditiously as possible: (a) prepare and (within 90 days after Keep such registration effective for a period ending on the end earlier of the period within date which requests for registration may be given to the Company or in any event as soon thereafter as practicableis one hundred twenty (120) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to days from the effective date of the registration statement or such time as the Holder or Holders have completed the distribution described in the registration statement relating thereto;; provided, however, that (i) such 120-day period shall be extended for a period of time equal to the period the Holder refrains from selling any securities included in such registration at the request of an underwriter of Common Stock (or other securities) of the Company; and (ii) in the case of any registration of Registrable Securities on Form S-3 which are intended to be offered on a continuous or delayed basis, subject to compliance with applicable SEC rules, such 120-day period shall be extended for up to 90 days, if necessary, to keep the registration statement effective until all such Registrable Securities are sold. (b) prepare Prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith with such registration statement as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with for the intended methods of disposition by the seller or sellers thereof period set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(gsubsection (a) of Regulation S-X that applies to the Companyabove; (c) furnish to each seller of Registrable Securities covered by such registration statement, Furnish such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case prospectuses, including all exhibits), such number of copies of the prospectus contained in such registration statement (including each any preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Actprospectuses, and such other documentsdocuments incident thereto, including any amendment of or supplement to the prospectus, as such seller a Holder from time to time may reasonably request; (d) use its reasonable best efforts (i) to register or Register and qualify all Registrable Securities and other the securities covered by such registration statement under such other securities or blue sky Blue Sky laws of such States of the United States of America where an exemption is not available and jurisdiction as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate requested by the disposition in such jurisdictions of the securities to be sold by such sellersHolders; provided, except that the Company shall not for any such purpose be required in connection therewith or as a condition thereto to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to file a general consent to general service of process in any such jurisdiction;states or jurisdictions. (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify Notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon Act of the happening of any event as a result of which, which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading or incomplete in the light of the circumstances under which they were madethen existing, and at the request of any following such seller notification promptly prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesshares, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading or incomplete in the light of the circumstances under which they were madethen existing; (f) Furnish, on the date that such Registrable Securities are delivered to the underwriters for sale, if such securities are being sold through underwriters, (i) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an underwritten public offering, addressed to the underwriters, if any, and reasonably satisfactory to a majority in interest of the Holders requesting registration of Registrable Securities and (ii) a “comfort” letter dated as of such date, from the independent certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering, addressed to the underwriters. (g) Provide a transfer agent and registrar for all Registrable Securities registered pursuant to such registration statement and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; (h) otherwise use its reasonable best efforts to Otherwise comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statementthe Registration Statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectusAct; (i) provide and cause Cause all such Registrable Securities registered pursuant hereunder to be maintained a transfer agent and registrar (which, in listed on each case, may be securities exchange on which similar securities issued by the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registrationCompany are then listed; and (j) use its reasonable best efforts In connection with any underwritten offering pursuant to list all Registrable Securities covered by such a registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities filed pursuant to Section 2.2 hereof, enter into an underwriting agreement in form reasonably necessary to effect the registration statement relating to offer and sale of Common Stock, provided such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeunderwriting agreement contains reasonable and customary provisions.

Appears in 2 contracts

Samples: Registration Rights Agreement (Q Comm International Inc), Registration Rights Agreement (Q Comm International Inc)

Registration Procedures. If and whenever the Company is ----------------------- required to use its reasonable best efforts to effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite a registration statement with respect to effect such registration Registrable Securities, and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERprovided, however, -------- ------- that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) is being effected pursuant to Sections 3 or 4 herein at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period of not less than 180 days or such shorter period which will terminate when all Registrable Securities covered by such registration statement have been sold (but not before the expiration of the 90-day period referred to in Section 4(3) of the Securities Act and to Rule 174 thereunder, if applicable) and comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto thereof (in each case including all exhibits), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities by such seller; (d) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersseller; provided, except however, that the Company shall not for any such purpose -------- ------- be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would is not but for the requirements of this subdivision (d) be obligated to be then so qualified or to consent take any action which would subject it to general service of process in any such jurisdictionjurisdiction where it is not then so subject or subject itself to general taxation in any jurisdiction where it is not then so subject; (e) use its reasonable best efforts to cause all immediately notify each seller of any Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities ActAct within the appropriate period mentioned in clause (b) of this Section 5, upon discovery that, or upon of the happening of any event as a result of which, Company becoming aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller promptly within ten days prepare and furnish to it all sellers a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (jf) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed, if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange, and provide an independent transfer agent and registrar for such Registrable Securities covered by such registration statement not later than the effective date of such registration statement; (g) furnish to each seller of Registrable Securities covered by such registration statement a signed counterpart, addressed to such seller (and the underwriters, if any) of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement (or, if such registration involves an underwritten public offering, dated the date of the closing under the underwriting agreement), reasonably satisfactory in form and substance to the sellers of not less than 50% of such Registrable Securities (and the managing underwriter, if any); and (ii) a "comfort" letter, dated the effective date of such registration statement (or, if such registration involves an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified the Company's financial statements included in such registration statement, covering such matters with respect to such registration statement as are customarily covered in accountants' letters delivered to the underwriters in underwritten offerings of securities as may reasonably be requested by the sellers of not less than 50% of such Registrable Securities (and the managing underwriter, if any); and (h) make available for inspection by any seller of such Registrable Securities covered by such registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such seller or any such underwriter (individually, an "Inspector" and collectively, the "Inspectors"), all pertinent financial and other records, pertinent corporate documents and properties of the Company as shall be reasonably necessary to enable them to exercise their due diligence responsibility (collectively, the "Records"), and cause all of the Company's officers, directors and employees to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; provided that any Records that are designated -------- by the Company in writing as confidential shall be kept confidential by the Inspectors unless (A) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in such registration statement or (B) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction or by any regulatory authority having jurisdiction. Each Investor agrees that non-public information obtained by it as a result of such Inspections shall be deemed confidential and acknowledges its obligations under the Federal securities laws not to trade any securities of the Company on the basis of material non-public information. The Company may require each seller of Registrable Securities as to which any registration is being effected promptly to furnish to the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.as may be legally

Appears in 2 contracts

Samples: Registration Rights Agreement (Delco Remy International Inc), Registration Rights Agreement (Citicorp)

Registration Procedures. If and whenever the Company is required ----------------------- to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 sections 2.1 and 1.22.2, the Company willshall, as expeditiously as possible: (ai) prepare and (in the case of a registration pursuant to section 2.1, such filing to be made within 90 45 days after the end initial request of the period within which requests for registration may be given to the Company one or more Initiating B-2 Holders or in any event as soon thereafter as practicablepossible) file with the Commission the requisite registration statement to effect such registration (including such audited financial statements as may be required by the Securities Act or the rules and regulations promulgated thereunder) and thereafter use its reasonable best efforts to cause such registration statement to become and remain effective; PROVIDED, HOWEVER, provided -------- however that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(asection 2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto, provided further that before filing such -------- registration statement or any amendments thereto, the Company will furnish to the counsel selected by the holders of Registrable Securities which are to be included in such registration copies of all such documents proposed to be filed, which documents will be subject to the review, but not the prior approval, of such counsel; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until the earlier of such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDstatement or (i) in the case of a registration pursuant to section 2.1, that except with respect to any the expiration of 180 days after such registration statement filed becomes effective, or (ii) in the case of a registration pursuant to Rule 415 under section 2.2, the Securities Act, expiration of 90 days after such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyregistration statement becomes effective; (ciii) furnish to each seller of Registrable Securities covered by such registration statementstatement and each underwriter, if any, of the securities being sold by such seller such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller and underwriter, if any, may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities laws or blue sky laws of such States jurisdictions as any seller thereof and any underwriter of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered securities being sold by such registration statement seller shall reasonably request, (ii) to keep such registration registrations or qualification qualifications in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller and underwriter to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable SecuritiesSecurities a signed counterpart, addressed to such seller and each such seller's the underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Quarterly Report, Preferred Stock Purchase Agreement (United Rentals Inc /De)

Registration Procedures. If and whenever Whenever Shareholders request that any Registrable Securities be registered pursuant to Section 2.01, 2.02 or 2.03, subject to the provisions of such Sections, the Company is required to shall use its all reasonable best efforts to effect the registration and the sale of any such Registrable Securities under in accordance with the Securities Act intended method of disposition thereof as provided quickly as practicable, and, in Sections 1.1 and 1.2, the Company will, as expeditiously as possibleconnection with any such request: (a) The Company shall as expeditiously as possible prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite SEC a registration statement on any form for which the Company then qualifies or that counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities to effect such registration be registered thereunder in accordance with the intended method of distribution thereof, and thereafter use its all reasonable best efforts to cause such filed registration statement to become effective; PROVIDEDand remain effective for a period of not less than 180 days, HOWEVERor in the case of a Shelf Registration, that three years (or such shorter period in which all of the Company may discontinue any registration of its securities which are not Registrable Securities (and, under of the circumstances specified Shareholders included in Section 1.2(asuch registration statement shall have actually been sold thereunder), its securities which are Registrable Securities) at any time prior . Any such registration statement shall be an automatically effective registration statement to the effective date of extent permitted by the registration statement relating thereto;SEC’s rules and regulations. (b) prepare Prior to filing a registration statement or prospectus or any amendment or supplement thereto (other than any report filed pursuant to the Exchange Act that is incorporated by reference therein), the Company shall, if requested, furnish to each participating Shareholder and file with each underwriter, if any, of the Commission such amendments and supplements to Registrable Securities covered by such registration statement and the prospectus used in connection therewith as may be necessary to keep copies of such registration statement effective as proposed to be filed and provide each participating Shareholder with a reasonable period of time to comment thereon, and thereafter the Company shall furnish to such Shareholder and underwriter, if any, such number of copies of such registration statement, each amendment and supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424, Rule 430A, Rule 430B or Rule 430C under the Securities Act and such other documents as such Shareholder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Shareholder. (c) After the filing of the registration statement, the Company shall (i) cause the related prospectus to be supplemented by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act, (ii) comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of during the applicable period in accordance with the intended methods of disposition by the seller or sellers Shareholders thereof set forth in such registration statement; PROVIDEDstatement or supplement to such prospectus, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(gand (iii) of Regulation S-X that applies to the Company; (c) furnish to promptly notify each seller of Shareholder holding Registrable Securities covered by such registration statement, such number statement of conformed copies any stop order issued or threatened by the SEC or any state securities commission and take all reasonable actions required to prevent the entry of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request;stop order or to remove it if entered. (d) The Company shall use its all reasonable best efforts to (i) to register or qualify all the Registrable Securities and other securities covered by such registration statement under such other securities or blue sky sky” laws of such States of jurisdictions in the United States of America where an exemption is not available and as the sellers of any Registering Shareholder holding such Registrable Securities covered by reasonably (in light of such registration statement shall reasonably request, Shareholder’s intended plan of distribution) requests and (ii) cause such Registrable Securities to keep be registered with or approved by such registration other governmental agencies or qualification in effect for so long authorities as such registration statement remains in effect, may be necessary by virtue of the business and (iii) to take operations of the Company and do any and all other action which acts and things that may be reasonably necessary or advisable to enable such sellers Shareholder to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersShareholder, except provided that the Company shall not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision Section 2.05(d), (dB) be obligated subject itself to be so qualified taxation in any such jurisdiction or to (C) consent to general service of process in any such jurisdiction;. (e) use its reasonable best efforts to cause all The Company shall immediately notify each Shareholder holding such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, or upon as thereafter delivered to the happening purchasers of any event as a result of whichsuch Registrable Securities, the such prospectus included in such registration statement, as then in effect, includes will not contain an untrue statement of a material fact or omits omit 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 under which they were made, misleading and at the request of any such seller promptly prepare and make available to each such Shareholder and file with the SEC any such supplement or amendment. (f) Upon execution of confidentiality agreements in form and substance reasonably satisfactory to the Company, the Company shall make available for inspection by any Shareholder and any underwriter participating in any disposition pursuant to a registration statement being filed by the Company pursuant to this Section 2.05 and any attorney, accountant or other professional retained by any such Shareholder or underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as shall be reasonably necessary or desirable to enable any of the Inspectors to exercise its due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any Inspectors in connection with such registration statement. Records that the Company determines, in good faith, to be confidential and that it notifies the Inspectors are confidential shall not be disclosed by the Inspectors unless (i) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in such registration statement, or (ii) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction. Each Shareholder agrees that information obtained by it as a result of such inspections shall be deemed confidential and shall not be used by it or its Affiliates as the basis for any market transactions in any of the Company’s securities unless and until such information is made generally available to the public. Each Shareholder further agrees that, upon learning that disclosure of such Records is sought in a court of competent jurisdiction, it shall give notice to the Company and allow the Company, at its expense, to undertake appropriate action to prevent disclosure of the Records deemed confidential. (g) The Company shall use reasonable best efforts to furnish to it each Registering Shareholder and to each such underwriter, if any, a reasonable number signed counterpart, addressed to such Shareholder or underwriter, of copies (i) an opinion or opinions of counsel to the Company and (ii) a supplement to comfort letter or an amendment comfort letters from the Company’s independent public accountants, each in customary form and covering such matters of such prospectus as may be necessary so thatthe kind customarily covered by opinions or comfort letters, as thereafter delivered to the purchasers case may be, as the Shareholders holding the majority of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required the Registrable Securities to be stated therein or necessary to make sold for the statements therein not misleading account of all Shareholders in the light of offering or the circumstances under which they were made;managing underwriter therefor reasonably requests. (h) The Company shall otherwise use its all reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement or such other document covering the a period of at least twelve months, but not more than eighteen 12 months, beginning with the first full calendar month within three months after the effective date of such the registration statement, which earnings statement shall satisfy satisfies the provisions requirements of Section 11(a) of Rule 158 under the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus;Act. (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected Shareholder promptly to furnish in writing to the Company such information regarding such seller and the distribution of such securities the Registrable Securities as the Company may from time to time reasonably request and such other information as may be legally required in writing. connection with such registration. (j) Each holder of Registrable Securities Shareholder agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.32.05(e), such holder will Shareholder shall forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to covering such Registrable Securities until such holder's Shareholder’s receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 2.05(e), and, if so directed by the Company, will such Shareholder shall deliver to the Company (at the Company's expense) all copies, other than any permanent file copies, copies then in such holder's possession Shareholder’s possession, of the most recent prospectus relating to covering such Registrable Securities current at the time of receipt of such notice. If the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained effective (including the period referred to in Section 2.05(a)) by the number of days during the period from and including the date of the giving of notice pursuant to Section 2.05(e) to the date when the Company shall make available to such Shareholder a prospectus supplemented or amended to conform with the requirements of Section 2.05(e). (k) The Company shall use reasonable best efforts to list all shares of Common Stock (or other securities) issued upon conversion of the Convertible Securities on any securities exchange or quotation system on which the Common Shares (or such other securities) are then listed or traded, upon issuance thereof. (l) The Company shall select an underwriter or underwriters in connection with any other Public Offering. In connection with any Public Offering, the Company shall enter into customary agreements (including an underwriting agreement in customary form) and take such all other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities in any such Public Offering, including the engagement of a “qualified independent underwriter” in connection with the qualification of the underwriting arrangements with FINRA. (m) The Company shall have appropriate senior executive officers of the Company (i) prepare and make presentations at any “road shows” and before analysts, and (ii) otherwise use their reasonable efforts to cooperate as reasonably requested by the underwriters in the offering, marketing or selling of the Registrable Securities.

Appears in 2 contracts

Samples: Master Modification Agreement (Behringer Harvard Reit I Inc), Registration Rights Agreement (Behringer Harvard Reit I Inc)

Registration Procedures. (a) If and whenever the Company is required by the provisions of Sections 2 or 4 hereof to use its reasonable best efforts to effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Shares, the Company will, shall as expeditiously as possible: (ai) prepare and (and, in any event within 90 60 days after the end of the period within which requests a request for registration may be given to the Company or in any event as soon thereafter as practicable) Company, file with the Securities and Exchange Commission (the requisite "SEC") a registration statement with respect to effect such registration Registrable Shares and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period not in excess of 90 days and to comply with the provisions of the Securities Act Act, the Exchange Act, and the rules and regulations promulgated thereunder with respect to the disposition of all Registrable Securities the securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers Holders thereof set forth in such registration statement; PROVIDEDprovided, that except with respect to any the Company shall notify each Holder of Registrable Shares covered by such registration statement filed pursuant of any stop order issued or threatened by the SEC, any other order suspending the use of any preliminary prospectus or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, and take all reasonable actions required to Rule 415 under prevent the Securities Actentry of such stop order, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies other order or suspension or to the Companyremove it if entered; (ciii) furnish to each seller Holder and each underwriter, if applicable, of Registrable Securities Shares covered by such registration statement, statement such number of conformed copies of such the registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, documents as each Holder of Registrable Shares covered by such seller registration statement may reasonably requestrequest in order to facilitate the disposition of the Registrable Shares owned by such Holder; (div) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities Shares covered by such registration statement under such other the state securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers each Holder of Registrable Securities Shares covered by such registration statement shall and, if applicable, each underwriter, may reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold Registrable Shares owned by such sellersHolder; PROVIDED, except HOWEVER, that in connection therewith, the Company shall not for be required to (A) qualify as a foreign corporation to do business or to register as a broker or dealer in any such purpose jurisdiction where it would not otherwise be required to qualify generally or register but for this clause (iv), (B) subject itself to do business as a foreign corporation taxation in any jurisdiction wherein it would not but for the requirements of this subdivision or (dC) be obligated to be so qualified or to file a general consent to general service of process in any such jurisdiction;. (ev) use its reasonable best efforts to cause all such Registrable Securities Shares covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers Holders thereof to consummate the disposition of such Registrable SecuritiesShares; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto to the Registrable Shares is required to be delivered under the Securities Act, upon discovery that, or upon the happening of Act any event shall have occurred as a the result of which, the which any such prospectus included in such registration statement, as then in effect, includes effect would include an untrue statement of a material fact or omits omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, in immediately give written notice thereof to each Holder and the light managing underwriter, if any, of the circumstances under which they were made, such Registrable Shares and at the request of any such seller promptly prepare and furnish to it each such Holder a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Shares, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were mademisleading; (hvii) use its best efforts to cause such Registrable Shares to be accepted for listing or quotation on any securities exchange or automated quotation system on which similar securities of the Company are then listed, and enter into customary agreements including a listing application and indemnification agreement in customary form, provided that the applicable listing requirements are satisfied, and provide a transfer agent and registrar for such Registrable Shares covered by such registration statement not later than the effective date of such registration statement; (viii) enter into such customary agreements (including an underwriting agreement in customary form) and take such other actions as each Holder of Registrable Shares being sold or the underwriter, if any, reasonably requests in order to expedite or facilitate the disposition of such Registrable Shares, including customary indemnification and opinions; (ix) to the extent reasonably requested by the Holders of at least 51% of the Registrable Shares being sold, or the underwriters, if any, use its best efforts to obtain a "cold comfort" letter or letters from the Company's independent public accountants in customary form and covering matters of the type customarily covered by "cold comfort" letters; (x) make available, at the Company's expense, for inspection by representatives of any Holder of Registrable Shares covered by such registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by such Holders or any such underwriter (collectively, the "HOLDER REPRESENTATIVES"), all financial and other records, pertinent corporate documents and properties of the Company and its subsidiaries (excluding any such records and documents as are protected by attorney-client privilege or which the Company is prohibited from disclosing pursuant to the terms of any nondisclosure agreements to which the Company or any of its subsidiaries is a party; PROVIDED that, to the extent permitted under any such nondisclosure agreement, the Company shall disclose any information subject to such nondisclosure agreement upon execution and delivery by such Holder or Holder Representative of a confidentiality agreement for the benefit of the parties to such nondisclosure agreement); (xi) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month practicable after the effective date of such the registration statement, which an earnings statement which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 the rules and regulations promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (jxii) use its reasonable best efforts to list all notify counsel for the Holders of Registrable Securities covered by Shares included in such registration statement on and the managing underwriter, if any, immediately, and confirm the notice in writing, (A) when the registration statement, or any national securities exchange on which Registrable Securities post-effective amendment to the registration statement, shall have become effective, or any supplement to the prospectus or any amendment prospectus shall have been filed and (B) of any request of the same class covered by such SEC to amend the registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which or amend or supplement the Common Stock is then listed. The Company may require each seller prospectus or for additional information. (b) Each Holder of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities Shares hereby agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind type described in subdivision (gSection 5(a)(vi) of this Section 1.3hereof, such holder will Holder shall forthwith discontinue such holder's disposition of such Registrable Securities pursuant to the Shares covered by such registration statement relating to such Registrable Securities or related prospectus until such holderHolder's receipt of the copies of the supplemented supplemental or amended prospectus contemplated by subdivision Section 5(a)(vi) hereof. In the event the Company shall give any such notice, the period mentioned in Section 5(a)(ii) hereof shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to Section 5(a)(vi) hereof and including the date when such Holder shall have received the copies of the supplemental or amended prospectus contemplated by Section 5(a)(vi) hereof. If for any other reason the effectiveness of any registration statement filed pursuant to Section 4 hereof is suspended or interrupted prior to the expiration of the time period regarding the maintenance of the effectiveness of such Registration Statement required by Section 5(a)(ii) hereof so that Registrable Shares may not be sold pursuant thereto, the applicable time period shall be extended by the number of days equal to the number of days during the period beginning with the date of such suspension or interruption to and ending with the date when the sale of Registrable Shares pursuant to such registration statement may be recommenced. (gc) of this Section 1.3 and, if so directed by Each Holder hereby agrees to provide the Company, will deliver upon receipt of its request, with such information about such Holder to enable the Company to comply with the requirements of the Securities Act and to execute such certificates as the Company may reasonably request in connection with such information and otherwise to satisfy any requirements of law. Each Holder further agrees to furnish to the Company (at in writing such information regarding the Company's expense) all copiesHolder and his, other than permanent file copies, then in such holder's possession her or its proposed distribution of Registrable Shares as the prospectus relating Company may from time to such Registrable Securities current at the time of receipt of such noticereasonably request.

Appears in 2 contracts

Samples: Warrantholders Registration Rights Agreement (Burke Industries Inc /Ca/), Warrantholders Registration Rights Agreement (Burke Industries Inc /Ca/)

Registration Procedures. If and whenever Whenever Securityholders request that any Registrable Securities be registered pursuant to Section 5.01 or 5.02 hereof, subject to the provisions of such Sections, the Company is required to will use its reasonable best efforts to effect the registration and the sale of any such Registrable Securities under in accordance with the intended method of disposition thereof as quickly as practicable, and in connection with any such request: (a) The Company will as expeditiously as possible prepare and file with the SEC a registration statement on any form reasonably acceptable to the Requesting Securityholders for which the Company then qualifies or that counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities Act as provided to be registered thereunder in Sections 1.1 accordance with the intended method of distribution thereof, and 1.2use its best efforts to cause such filed registration statement to become and remain effective for a period of not less than 180 days, or in the case of a shelf registration statement, one year (or such shorter period in which all of the Registrable Securities of the Holders included in such registration statement shall have actually been sold thereunder). (b) Prior to filing a registration statement or prospectus or any amendment or supplement thereto, the Company will, as expeditiously as possible: (a) prepare if requested, furnish to each participating Securityholder and (within 90 days after the end each underwriter, if any, of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause Registrable Securities covered by such registration statement copies of such registration statement as proposed to become effective; PROVIDEDbe filed, HOWEVERand thereafter the Company will furnish to such Securityholder and underwriter, if any, such number of copies of such registration statement, each amendment and supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 or Rule 430A under the Securities Act and such other documents as such Securityholder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Securityholder. Each of the CVC US Securityholder Representative, the FP Securityholder Representative and the CVC Asia Pacific Securityholder Representative shall have the right to request that the Company modify any information contained in such registration statement, amendment and supplement thereto pertaining to such Institutional Securityholder or any of the CVC Asia Pacific Investors or their Permitted Transferees, as the case may be, and the Company shall use all reasonable efforts to comply with such request, provided, however, that the Company may discontinue shall not have any registration obligation so to modify any information if so doing would cause the prospectus to contain an untrue statement of its securities which are a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not Registrable Securities misleading. (and, under c) After the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date filing of the registration statement relating thereto; statement, the Company will (bi) prepare and file with cause the Commission such amendments and supplements related prospectus to such registration statement and be supplemented by any required prospectus supplement, and, as so supplemented, to be filed pursuant to Rule 424 under the prospectus used in connection therewith as may be necessary to keep such registration statement effective and Securities Act, (ii) to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of during the applicable period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect statement or supplement to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(gprospectus and (iii) of Regulation S-X that applies to the Company; (c) furnish to promptly notify each seller of Securityholder holding Registrable Securities covered by such registration statement, such number statement of conformed copies any stop order issued or threatened by the SEC or any state securities commission under state blue sky laws and take all reasonable actions required to prevent the entry of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request;stop order or to remove it if entered. (d) The Company will use its all reasonable best efforts to (i) to register or qualify all the Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of jurisdictions in the United States of America where an exemption is not available and as the sellers of any Securityholder holding such Registrable Securities covered by reasonably (in light of such registration statement shall reasonably request, Securityholder’s intended plan of distribution) requests and (ii) cause such Registrable Securities to keep be registered with or approved by such registration other governmental agencies or qualification in effect for so long authorities as such registration statement remains in effect, may be necessary by virtue of the business and (iii) to take operations of the Company and do any and all other action which acts and things that may be reasonably necessary or advisable to enable such sellers Securityholder to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersSecurityholder, except provided that the Company shall will not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision paragraph (d), (B) be obligated subject itself to be so qualified taxation in any such jurisdiction or to (C) consent to general service of process in any such jurisdiction;. (e) use its reasonable best efforts to cause all The Company will immediately notify each Securityholder holding such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, or upon as thereafter delivered to the happening purchasers of any event as a result of whichsuch Registrable Securities, the such prospectus included in such registration statement, as then in effect, includes will not contain an untrue statement of a material fact or omits omit to state any material fact required to be stated therein or necessary to make the statements therein not misleadingmisleading and promptly prepare and make available to each such Securityholder and file with the SEC any such supplement or amendment. (f) (i) (A) The CVC US Securityholder Representative and the FP Securityholder Representative, together, in the light case of a Demand Registration made pursuant to clause (1) of Section 5.01(a), or (B) either the CVC US Securityholder Representative, the FP Securityholder Representative or CVC Asia Pacific Securityholder Representative, in the case of a Demand Registration made pursuant to clause (2) of Section 5.01(a) by such Institutional Securityholder or the CVC Asia Pacific Securityholder Representative, as applicable, will have the right, in their sole discretion, to select an underwriter or underwriters in connection with any Public Offering resulting from the exercise of a Demand Registration by such Securityholders, which underwriter or underwriters may include any Affiliate of any Institutional Securityholder, and (ii) the Company will select an underwriter or underwriters in connection with any other Public Offering. In connection with any Public Offering, the Company will enter into customary agreements (including an underwriting agreement in customary form) and take such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities in any such Public Offering, including the engagement of a “qualified independent underwriter” in connection with the qualification of the circumstances under which they were madeunderwriting arrangements with the NASD. (g) Upon execution of confidentiality agreements in form and substance reasonably satisfactory to the Company, the Company will make available for inspection by any Securityholder and any underwriter participating in any disposition pursuant to a registration statement being filed by the Company pursuant to this Section 5.04 and any attorney, accountant or other professional retained by any such Securityholder or underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as shall be reasonably necessary or desirable to enable them to exercise their due diligence responsibility, and at cause the request of Company’s officers, directors and employees to supply all information reasonably requested by any Inspectors in connection with such seller promptly prepare registration statement. Records that the Company determines, in good faith, to be confidential and furnish to that it a reasonable number of copies of a supplement to or an amendment notifies the Inspectors are confidential shall not be disclosed by the Inspectors unless (i) the disclosure of such prospectus Records is necessary to avoid or correct a misstatement or omission in such registration statement or (ii) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction. Each Securityholder agrees that information obtained by it as may a result of such inspections shall be necessary so deemed confidential and shall not be used by it or its Affiliates as the basis for any market transactions in the Company Securities unless and until such is made generally available to the public. Each Securityholder further agrees that, as thereafter delivered upon learning that disclosure of such Records is sought in a court of competent jurisdiction, it will give notice to the purchasers of such securitiesCompany and allow the Company, such prospectus shall not include an untrue statement of a material fact or omit at its own expense, to state a material fact required undertake appropriate action to be stated therein or necessary to make the statements therein not misleading in the light prevent disclosure of the circumstances under which they were made;Records deemed confidential. (h) The Company will furnish to each such Securityholder and to each such underwriter, if any, a signed counterpart, addressed to such Securityholder or underwriter, of (i) an opinion or opinions of counsel to the Company and (ii) a comfort letter or comfort letters from the Company’s independent public accountants, each in customary form and covering such matters of the kind customarily covered by opinions or comfort letters, as the case may be, as a majority of such Securityholders (determined by Aggregate Ownership of Common Shares) or the managing underwriter therefor reasonably requests. (i) The Company will otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holderssecurityholders, as soon as reasonably practicable, an earnings statement or such other document covering the a period of at least twelve months, but not more than eighteen 12 months, beginning with the first full calendar month within three months after the effective date of such the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to . (j) The Company may require each such seller Securityholder promptly to furnish in writing to the Company such information regarding the distribution of the Registrable Securities as the Company may from time to time reasonably request and such other information as may be legally required in connection with such registration. (k) Each such Securityholder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 5.04(e) hereof, such Securityholder will forthwith discontinue disposition of Registrable Securities a copy pursuant to the registration statement covering such Registrable Securities until such Securityholder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 5.04(e) hereof, and, if so directed by the Company, such Securityholder will deliver to the Company all copies, other than any amendment or supplement to permanent file copies then in such Securityholder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. In the event that the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained effective (including the period referred to in Section 5.04(a) hereof) by the number of days during the period from and including the date of the giving of notice pursuant to Section 5.04(e) hereof to the date when the Company shall make available to such Securityholder a prospectus supplemented or prospectus;amended to conform with the requirements of Section 5.04(e) hereof. (il) The Company will use its best efforts to list all Registrable Securities covered by such registration statement on any securities exchange or quotation system on which any of the Registrable Securities are then listed or traded. (m) The Company will provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticestatement.

Appears in 2 contracts

Samples: Securityholders' Agreement, Securityholders’ Agreement (MagnaChip Semiconductor CORP)

Registration Procedures. If and whenever Whenever any Stockholders request that any Registrable Securities be registered pursuant to Section 1.01 or 1.02 hereof, subject to the provisions of such Sections, the Company is required to shall use its reasonable best efforts to effect the registration and the sale of any such Registrable Securities under in accordance with the Securities Act intended method of disposition thereof as provided quickly as practicable, and, in Sections 1.1 and 1.2, the Company will, as expeditiously as possibleconnection with any such request: (a) The Company shall as expeditiously as possible prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite SEC a registration statement on any form for which the Company then qualifies or that counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities to effect such registration be registered thereunder in accordance with the intended method of distribution thereof, and thereafter use its reasonable best efforts to cause such filed registration statement to become effective; PROVIDEDand remain effective for a period of not less than 180 days, HOWEVERor in the case of a shelf registration statement, that one (1) year (or such shorter period in which all of the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the Registering Stockholders included in such registration statement relating thereto;shall have actually been sold thereunder). (b) prepare Prior to filing a registration statement or prospectus or any amendment or supplement thereto, the Company shall, if requested, furnish to each participating Stockholder and file with each underwriter, if any, of the Commission such amendments and supplements to Registrable Securities covered by such registration statement and the prospectus used in connection therewith as may be necessary to keep copies of such registration statement effective as proposed to be filed, and thereafter the Company shall furnish to such Stockholder and underwriter, if any, such number of copies of such registration statement, each amendment and supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 or Rule 430A under the Securities Act and such other documents as such Stockholder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Stockholder. (c) After the filing of the registration statement, the Company shall (i) cause the related prospectus to be supplemented by any required prospectus supplement, and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act, (ii) comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of during the applicable period in accordance with the intended methods of disposition by the seller or sellers Registering Stockholders thereof set forth in such registration statement; PROVIDED, that except with respect statement or supplement to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(gprospectus and (iii) of Regulation S-X that applies to the Company; (c) furnish to promptly notify each seller of Registering Stockholder holding Registrable Securities covered by such registration statement, such number statement of conformed copies any stop order issued or threatened by the SEC or any state securities commission and take all reasonable actions required to prevent the entry of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request;stop order or to remove it if entered. (d) The Company shall use its reasonable best efforts to (i) to register or qualify all the Registrable Securities and other securities covered by such registration statement under such other securities or blue sky sky” laws of such States of jurisdictions in the United States of America where an exemption is not available and as the sellers of any Registering Stockholder holding such Registrable Securities covered by reasonably (in light of such registration statement shall reasonably request, Stockholder’s intended plan of distribution) requests and (ii) cause such Registrable Securities to keep be registered with or approved by such registration other governmental agencies or qualification in effect for so long authorities as such registration statement remains in effect, may be necessary by virtue of the business and (iii) to take operations of the Company and do any and all other action which acts and things that may be reasonably necessary or advisable to enable such sellers Stockholder to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellers, except Stockholder; provided that the Company shall not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision Section 1.04(d), (dB) be obligated subject itself to be so qualified taxation in any such jurisdiction or to (C) consent to general service of process in any such jurisdiction;. (e) use its reasonable best efforts to cause all The Company shall immediately notify each Registering Stockholder holding such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, or upon as thereafter delivered to the happening purchasers of any event as a result of whichsuch Registrable Securities, the such prospectus included in such registration statement, as then in effect, includes will not contain an untrue statement of a material fact or omits omit 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 under which they were made, misleading and at the request of any such seller promptly prepare and furnish make available to it each such Stockholder and file with the SEC any such supplement or amendment. (i) The DLJMB Members shall have the right, in their sole discretion, to select the underwriter or underwriters in connection with any Public Offering resulting from a reasonable number Demand Registration, which underwriter or underwriters may include any Affiliate of copies any DLJMB Member, and (ii) the Company shall select an underwriter or underwriters in connection with any other Public Offering. In connection with any Public Offering, the Company shall enter into customary agreements (including an underwriting agreement in customary form) and take all such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities in any such Public Offering, including the engagement of a supplement “qualified independent underwriter” in connection with the qualification of the underwriting arrangements with the NASD. (g) Upon execution of confidentiality agreements in form and substance reasonably satisfactory to the Company, the Company shall make available for inspection by any Registering Stockholder and any underwriter participating in any disposition pursuant to a registration statement being filed by the Company pursuant to this Section 1.04 and any attorney, accountant or an amendment other professional retained by any such Stockholder or underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as shall be reasonably necessary or desirable to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any Inspectors in connection with such registration statement. Records that the Company determines, in good faith, to be confidential and that it notifies the Inspectors are confidential shall not be disclosed by the Inspectors unless (i) the disclosure of such prospectus Records is necessary to avoid or correct a misstatement or omission in such registration statement or (ii) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction. Each Registering Stockholder agrees that information obtained by it as may a result of such inspections shall be necessary so deemed confidential and shall not be used by it or its Affiliates as the basis for any market transactions in the Company Securities unless and until such information is made generally available to the public. Each Registering Stockholder further agrees that, as thereafter delivered upon learning that disclosure of such Records is sought in a court of competent jurisdiction, it shall give notice to the purchasers of such securitiesCompany and allow the Company, such prospectus shall not include an untrue statement of a material fact or omit at its expense, to state a material fact required undertake appropriate action to be stated therein or necessary to make the statements therein not misleading in the light prevent disclosure of the circumstances under which they were made;Records deemed confidential. (h) The Company shall furnish to each Registering Stockholder and to each such underwriter, if any, a signed counterpart, addressed to such Stockholder or underwriter, of (i) an opinion or opinions of counsel to the Company and (ii) a comfort letter or comfort letters from the Company’s independent public accountants, each in customary form and covering such matters of the kind customarily covered by opinions or comfort letters, as the case may be, as a majority of such Stockholders or the managing underwriter therefor reasonably requests. (i) The Company shall otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings earning statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of or such registration statement, which earnings statement other document that shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to . (j) The Company may require each such seller Registering Stockholder promptly to furnish in writing to the Company such information regarding the distribution of the Registrable Securities a copy as the Company may from time to time request and such other information as may be legally required in connection with such registration. (k) Each such Registering Stockholder agrees that, upon receipt of any written notice from the Company of the occurrence of any event requiring the preparation of a supplement or amendment or supplement of a prospectus relating to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by a registration statement that is required to be delivered under the Securities Act so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or to make the statements therein not misleading, such Stockholder shall forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Stockholder’s receipt of the copies of a supplemented or amended prospectus, and, if so directed by the Company, such Stockholder shall deliver to the Company all copies, other than any permanent file copies then in such Stockholder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. If the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained effective (including the period referred to in Section 1.04(a) hereof) by the number of days during the period from and after a date not later than including the effective date of the giving of notice pursuant to Section 1.04(e) hereof to the date when the Company shall make available to such registration; andStockholder a prospectus supplemented or amended to conform with the requirements of Section 1.04(e) hereof. (jl) The Company shall use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange or quotation system on which any of the Registrable Securities of the same class covered by such registration statement are then listed and, if no or traded and to maintain such listing so long as any such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. remain outstanding. (m) The Company may require each seller shall have appropriate officers of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (i) prepare and make presentations at any “road shows” and before analysts and rating agencies, as the Company's expensecase may be, (ii) all copiestake other actions to obtain ratings for any Registrable Securities and (iii) otherwise use their reasonable efforts to cooperate as requested by the underwriters in the offering, other than permanent file copies, then in such holder's possession marketing or selling of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeSecurities.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (STR Holdings (New) LLC), Limited Liability Company Agreement (STR Holdings LLC)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, will as expeditiously as possible: (ai) prepare and (within 90 as soon thereafter as possible or in any event no later than 60 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, PROVIDED that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, PROVIDED that except with respect the Company shall in no event be required to any keep such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyeffective for more than 270 days; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, Securities and each Requesting Holder a signed counterpart, addressed to such seller's seller and such Requesting Holder (and underwriters, if any, a signed counterpart ) of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Equity Compression Services Corp), Registration Rights Agreement (Equity Compression Services Corp)

Registration Procedures. If Subject to section 2.1(a), if and ----------------------- whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 sections 2.1 and 1.22.2, the Company willshall, as expeditiously as reasonably possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration (including such audited financial statements as may be required by the Securities Act or the rules and regulations promulgated thereunder) and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDand remain effective for a period of at least 120 days, HOWEVERprovided, however that -------- ------- the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(asection 2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period of at least 120 days and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until the earlier of such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any statement or such registration statement filed pursuant to Rule 415 under other time as is required by the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (ciii) permit any holder of Registrable Securities which holder, in its reasonable judgment, might be deemed to be an underwriter or a controlling person of the Company, to participate in the preparation of such registration or comparable statement and to require the insertion therein of material, furnished to the Company in writing, which in the reasonable judgment of such holder and its counsel should be included; (iv) furnish to each seller of Registrable Securities covered by such registration statementstatement and each Requesting Holder and each underwriter, if any, of the securities being sold by such seller such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under pursuant to Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller and underwriter, if any, may reasonably request; (dv) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other state securities laws or blue sky laws of such States jurisdictions as any seller thereof and any underwriter of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered securities being sold by such registration statement seller and any Requesting Holder shall reasonably request, (ii) to keep such registration registrations or qualification qualifications in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller and underwriter to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision subsection (dv) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, Securities and each Requesting Holder a signed counterpart, addressed to such seller's , such Requesting Holder and the underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Amerisource Distribution Corp), Registration Rights Agreement (McKesson Corp)

Registration Procedures. (a) If and whenever the Company is required to use its commercially reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 2.1 or 2.2 above, the Company will, shall as expeditiously as possible: (ai) prepare and (within 90 as soon thereafter as possible or in any event no later than 60 days after the end of the period within which requests for registration may be given to the Company or as set forth in any event as soon thereafter as practicableSection 2.1(a)(ii)(B)) file with the Commission the requisite registration statement to effect such registration and thereafter use its commercially reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, provided that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a)2.2(a) above, its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including without limitation all exhibits), such number of copies of the prospectus contained in such registration statement (including without limitation each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its commercially reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision clause (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its commercially reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at in connection with an underwritten offering, shall use all commercially reasonable efforts to provide to each holder of Registrable Securities named as a selling securityholder in any registration statement a copy of any auditor “comfort” letters, customary legal opinions or reports of the independent petroleum engineers of the Company relating to the oil and gas reserves of the Company, in each case that have been provided to the managing underwriter or managing underwriters in connection with the underwritten offering, not later than the Business Day prior to the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of:statement. (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (gvii) notify each seller of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller promptly prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hviii) otherwise use its commercially reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunderAct, and promptly shall furnish to each such seller of Registrable Securities at least the Business Day prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectus; (iix) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (jx) use its reasonable best efforts to list cause all Registrable Securities covered by such registration statement to be listed on any national securities exchange on which Registrable Securities any of the equity securities of the Company of the same class covered by such registration statement are then listed and, if no such as the Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed; (xi) cooperate with the underwriters with respect to all roadshows and other marketing activities as may be reasonably requested by the underwriters; provided, that, management shall not be required to participate in presentations at any “roadshows” and before analysts and rating agencies, as the case may be, more than twice in a 365 day period; and (xii) enter into such agreements and take such other actions as the Requisite Holders shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish to the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. . (b) Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, that upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.32.3(vii), such holder will forthwith discontinue such holder's ’s disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's ’s receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gSection 2.3(vii) as filed with the Commission or until it is advised in writing by the Company that the use of this Section 1.3 the applicable registration statement may be resumed, and, if so directed by the Company, will deliver to the Company (at the Company's ’s expense) all copies, other than permanent file copies, then in such holder's ’s possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. The Company may provide appropriate stop orders to enforce the provisions of this Section 2.3(b).

Appears in 2 contracts

Samples: Registration Rights Agreement (Parsley Energy, Inc.), Registration Rights Agreement (Parsley Energy, Inc.)

Registration Procedures. If and whenever Whenever any Stockholders request that any Registrable Securities be registered pursuant to Section 1.01 or 1.02 hereof, subject to the provisions of such Sections, the Company is required to shall use its reasonable best efforts to effect the registration and the sale of any such Registrable Securities under in accordance with the Securities Act intended method of disposition thereof as provided quickly as practicable, and, in Sections 1.1 and 1.2, the Company will, as expeditiously as possibleconnection with any such request: (a) The Company shall as expeditiously as possible prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite SEC a registration statement on any form for which the Company then qualifies or that counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities to effect such registration be registered thereunder in accordance with the intended method of distribution thereof, and thereafter use its reasonable best efforts to cause such filed registration statement to become effective; PROVIDEDand remain effective for a period of not less than 180 days, HOWEVERor in the case of a shelf registration statement, that one (1) year (or such shorter period in which all of the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the Registering Stockholders included in such registration statement relating thereto;shall have actually been sold thereunder). (b) prepare and file with the Commission such amendments and supplements Prior to such filing a registration statement or prospectus or any amendment or supplement thereto, the Company shall, if requested, furnish to each participating Stockholder and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions each underwriter, if any, of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement as proposed to be filed, and thereafter the Company shall furnish to such Stockholder and underwriter, if any, such number of copies of such registration statement, each such amendment and supplement thereto (in each case including all exhibitsexhibits thereto and documents incorporated by reference therein), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 or Rule 430A (or any similar provision then in force) under the Securities Act and such other documents as such Stockholder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Stockholder. (c) After the filing of the registration statement, the Company shall (i) cause the related prospectus to be supplemented by any required prospectus supplement, and, as so supplemented, to be filed pursuant to Rule 424 or any similar provision then in force under the Securities Act, in conformity (ii) comply with the requirements provisions of the Securities Act, Act and Exchange Act with respect to the disposition of all Registrable Securities covered by such other documents, as registration statement during the applicable period in accordance with the intended methods of disposition by the Registering Stockholders thereof set forth in such seller may reasonably request;registration statement or supplement to such prospectus and (iii) promptly notify the Registering Stockholders holding Registrable Securities covered by such registration statement of any stop order issued or threatened by the SEC or any state securities commission and take all reasonable actions required to prevent the entry of such stop order or to remove it if entered. (d) The Company shall use its reasonable best efforts to (i) to register or qualify all the Registrable Securities and other securities covered by such registration statement under such other securities or blue sky sky” laws of such States of jurisdictions in the United States of America where an exemption is not available and as the sellers of Registering Stockholders holding such Registrable Securities covered by reasonably (in light of such registration statement shall reasonably request, Stockholder’s intended plan of distribution) requests and (ii) cause such Registrable Securities to keep be registered with or approved by such registration other governmental agencies or qualification in effect for so long authorities as such registration statement remains in effect, may be necessary by virtue of the business and (iii) to take operations of the Company and do any and all other action which acts and things that may be reasonably necessary or advisable to enable such sellers Stockholder to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellers, except Stockholder; provided that the Company shall not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision Section 1.05(d), (dB) be obligated subject itself to be so qualified taxation in any such jurisdiction or to (C) consent to general service of process in any such jurisdiction;. (e) use its reasonable best efforts to cause all The Company shall immediately notify each Registering Stockholders holding such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, or upon as thereafter delivered to the happening purchasers of any event as a result of whichsuch Registrable Securities, the such prospectus included in such registration statement, as then in effect, includes will not contain an untrue statement of a material fact or omits omit 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 under which they were made, misleading and at the request of any such seller promptly prepare and furnish make available to it each such Stockholder and file with the SEC any such supplement or amendment. (i) Oak Hill shall have the right, in its sole discretion, to select the underwriter or underwriters in connection with any Public Offering resulting from a reasonable number Demand Registration, which underwriter or underwriters may include any Affiliate of copies Oak Hill, and (ii) the Company shall select an underwriter or underwriters in connection with any other Public Offering. In connection with any Public Offering, the Company shall enter into customary agreements (including an underwriting agreement in customary form) and take all such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities in any such Public Offering, including the engagement of a supplement “qualified independent underwriter” in connection with the qualification of the underwriting arrangements with FINRA. (g) The Company shall make available for inspection by the Registering Stockholders and any underwriter participating in any disposition pursuant to a registration statement being filed by the Company pursuant to this Section 1.05 and any attorney, accountant or an amendment other professional retained by any such Stockholder or underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as shall be reasonably necessary or desirable to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any Inspectors in connection with such registration statement. Records that the Company determines, in good faith, to be confidential and that it notifies the Inspectors are confidential shall not be disclosed by the Inspectors unless (i) the disclosure of such prospectus Records is necessary to avoid or correct a misstatement or omission in such registration statement or (ii) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction. Each Registering Stockholder agrees that information obtained by it as may a result of such inspections shall be necessary so deemed confidential and shall not be used by it or its Affiliates as the basis for any market transactions in the Company Securities unless and until such information is made generally available to the public. Each Registering Stockholder further agrees that, as thereafter delivered upon learning that disclosure of such Records is sought in a court of competent jurisdiction, it shall give notice to the purchasers of such securitiesCompany and allow the Company, such prospectus shall not include an untrue statement of a material fact or omit at its expense, to state a material fact required undertake appropriate action to be stated therein or necessary to make the statements therein not misleading in the light prevent disclosure of the circumstances under which they were made;Records deemed confidential. (h) The Company shall furnish to each Registering Stockholder and to each such underwriter, if any, a signed counterpart, addressed to such Stockholder or underwriter, of (i) an opinion or opinions of counsel to the Company and (ii) a comfort letter or comfort letters from the Company’s independent public accountants, each in customary form and covering such matters of the kind customarily covered by opinions or comfort letters, as the case may be, as a majority of such Stockholders or the managing underwriter reasonably requests. (i) The Company shall otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings earning statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of or such registration statement, which earnings statement other document that shall satisfy the provisions of Section 11(a11 (a) of the Securities Act and Rule 158 promulgated thereunder, and . (j) The Company may require each Registering Stockholder promptly to furnish in writing to each the Company such seller information regarding the distribution of the Registrable Securities a copy as the Company may from time to time request and such other information as may be legally required in connection with such registration. (k) Each Registering Stockholder agrees that, upon receipt of any written notice from the Company of the occurrence of any event requiring the preparation of a supplement or amendment or supplement of a prospectus relating to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by a registration statement that is required to be delivered under the Securities Act so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or to make the statements therein not misleading, such Stockholder shall forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Stockholder’s receipt of the copies of a supplemented or amended prospectus, and, if so directed by the Company, such Stockholder shall deliver to the Company all copies, other than any permanent file copies then in such Stockholder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. If the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained effective (including the period referred to in Section 1.05(a)) by the number of days during the period from and after a date not later than including the effective date of the giving of notice pursuant to Section 1.05(e) to the date when the Company shall make available to such registration; andStockholder a prospectus supplemented or amended to conform with the requirements of Section 1.05(e). (jl) The Company shall use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange or quotation system on which any of the Registrable Securities of the same class covered by such registration statement are then listed and, if no or traded and to maintain such listing so long as any such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. remain outstanding. (m) The Company may require each seller shall have appropriate officers of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (i) prepare and make presentations at any “road shows” and before analysts and rating agencies, as the Company's expensecase may be, (ii) all copiestake other actions to obtain ratings for any Registrable Securities and (iii) otherwise use their reasonable efforts to cooperate as requested by the underwriters in the offering, other than permanent file copies, then in such holder's possession marketing or selling of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeSecurities.

Appears in 2 contracts

Samples: Registration Rights Agreement (Dave & Buster's Entertainment, Inc.), Registration Rights Agreement (Dave & Buster's Entertainment, Inc.)

Registration Procedures. (a) If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Act, the Company will, shall as expeditiously as possible: (ai) prepare and (within 90 as soon thereafter as possible or in any event no later than 60 days after the end of the period within which requests for registration may be given to the Company or as set forth in any event as soon thereafter as practicableSection 2.1(a)(ii)(B)) file with the Commission the requisite registration statement to effect such registration and thereafter use its commercially reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, provided that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and post-effective amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (ciii) prior to filing a registration statement or prospectus, or any amendment or supplement thereto (other than reports under the Exchange Act that are deemed to be amendments or supplements), furnish to each seller of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including without limitation all exhibits), such number of copies of the prospectus contained in such registration statement (including without limitation each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its commercially reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision clause (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its commercially reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at in connection with an underwritten offering, shall use all commercially reasonable efforts to provide to each holder of Registrable Securities named as a selling securityholder in any registration statement a copy of any auditor “comfort” letters, customary legal opinions or reports of the independent petroleum engineers of the Company relating to the oil and gas reserves of the Company, in each case that have been provided to the managing underwriter or managing underwriters in connection with the underwritten offering, not later than the Business Day prior to the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of:statement. (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (gvii) notify each seller of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller promptly prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hviii) otherwise use its commercially reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunderAct, and promptly shall furnish to each such seller of Registrable Securities at least the Business Day prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectus; (iix) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (jx) use its reasonable best efforts to list cause all Registrable Securities covered by such registration statement to be listed on any national securities exchange on which Registrable Securities any of the equity securities of the Company of the same class covered as the Registrable Securities are then listed; (xi) advise each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any stop order by the Commission suspending the effectiveness of such registration statement are then listed and, or the initiation or threatening of any proceeding for such purpose and promptly use its reasonable best efforts to prevent the issuance of any stop order or to obtain its withdrawal if no such stop order should be issued; (xii) on the date the Registrable Securities are so listeddelivered for sale pursuant to such registration, on obtain an opinion, dated such date, of counsel representing the Company for the purposes of such registration, addressed to the holders, the placement agent or sales agent, if any, and the underwriters, if any, covering such legal matters with respect to the registration in respect of which such opinion is being given as the holders, placement agent, sales agent, or underwriter may reasonably request and as are customarily included in such opinions and negative assurance letters, and reasonably satisfactory to a majority in interest of the participating holders; (xiii) in the event of any national securities exchange on which underwritten offering, perform its obligations under an underwriting agreement in accordance with the Common Stock is then listedterms and conditions thereof; (xiv) cooperate with the underwriters with respect to all roadshows and other marketing activities as may be reasonably requested by the underwriters; provided, that, management shall not be required to participate in presentations at any “roadshows” and before analysts and rating agencies, as the case may be, more than twice in a 365 day period; and (xv) enter into such customary agreements and take such other customary actions as the holder or holders of Registrable Securities that submitted the Registration Request shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish to the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. . (b) Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, that upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.32.3(a)(vii), such holder will forthwith discontinue such holder's ’s disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's ’s receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gSection 2.3(a)(vii) as filed with the Commission or until it is advised in writing by the Company that the use of this Section 1.3 the applicable registration statement may be resumed, and, if so directed by the Company, will deliver to the Company (at the Company's ’s expense) all copies, other than permanent file copies, then in such holder's ’s possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. The Company may provide appropriate stop orders to enforce the provisions of this Section 2.3(b). If at any time the Commission requires any holder to be named as an “underwriter,” each holder agrees to be named as an underwriter in such registration statement.

Appears in 2 contracts

Samples: Registration Rights Agreement (Remora Royalties, Inc.), Registration Rights Agreement (Remora Royalties, Inc.)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, as expeditiously as possible: (ai) prepare and (and, in any event within 90 120 days after the end of the period within which requests a request for registration may be given to the Company or in any event as soon thereafter as practicable) Company, file with the Commission the requisite SEC a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERprovided, however, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in is being effected pursuant to Section 1.2(a), its securities which are Registrable Securities) 2 at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period not in excess of 270 days and to comply with the provisions of the Securities Act, the Exchange Act and the rules and regulations of the SEC thereunder with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDprovided that before filing a registration statement or prospectus, that except with respect or any amendments or supplements thereto, the Company will furnish to any counsel selected pursuant to Section 7 hereof by the Holders of the Registrable Securities covered by such registration statement filed pursuant to Rule 415 under the Securities Actrepresent such Holders, such period need not exceed the number copies of days set forth in Rule 3-12(g) of Regulation S-X that applies all documents proposed to be filed, which documents will be subject to the Companyreview of such counsel; (ciii) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibitsexhibits filed therewith, including any documents incorporated by reference), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities by such seller; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement in such jurisdictions as each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersSeller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not where, but for the requirements of this subdivision clause (d) iv), it would not be obligated to be so qualified qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (gvi) notify each seller of any such Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities ActAct within the appropriate period mentioned in clause (ii) of this Section 4, upon discovery that, or upon of the happening of any event as a result of which, Company's becoming aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller promptly seller, prepare and furnish to it such seller a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (hvii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, practicable (but not more than eighteen months, beginning with the first full calendar month ) after the effective date of such the registration statement, which an earnings statement which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 the rules and regulations promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (iviii) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (jA) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed (or if the Common Stock is not then listed, on any securities exchange requested) if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange; (B) if such Registrable Securities are Common Equivalent Securities, upon the reasonable request of sellers of a majority of shares of such Registrable Securities, use its best efforts to list the Common Equivalent Securities and, if requested, the Common Stock underlying such Common Equivalent Securities, notwithstanding that at the time of request such sellers hold only Common Equivalent Securities, on any securities exchange so requested, if such Registrable Securities are not already so listed, and if such listing is then permitted under the rules of such exchange; (C) and use its best efforts to provide a transfer agent and registrar for such Registrable Securities covered by such registration statement not later than the effective date of such registration statement; (ix) enter into such customary agreements (including an underwriting agreement in customary form), which may include indemnification provisions in favor of underwriters and other persons in addition to, or in substitution for the provisions of Section 5 hereof, and take such other actions as sellers of a majority of shares of such Registrable Securities or the underwriters, if any, reasonably requested in order to expedite or facilitate the disposition of such Registrable Securities; (x) obtain a "cold comfort" letter or letters from the Company's independent public accounts in customary form and covering matters of the type customarily covered by "cold comfort" letters as the seller or sellers of a majority of shares of such Registrable Securities shall reasonably request (provided that Registrable Securities constitute at least 25% of the securities covered by such registration statement); (xi) make available for inspection by any seller of such Registrable Securities covered by such registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such seller or any such underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of the Company's officers, directors and employees to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; (xii) notify counsel (selected pursuant to Section 7 hereof) for the Holders of Registrable Securities included in such registration statement and the managing underwriter or agent, immediately, and confirm the notice in writing (i) when the registration statement, or any post-effective amendment to the registration statement, shall have become effective, or any supplement to the prospectus or any amendment prospectus shall have been filed, (ii) of the receipt of any comments from the SEC, (iii) of any request of the SEC to amend the registration statement or amend or supplement the prospectus or for additional information, and (iv) of the issuance by the SEC of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus, or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, or of the institution or threatening of any proceedings for any of such purposes; (xiii) make every reasonable effort to prevent the issuance of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus and, if any such order is issued, to obtain the withdrawal of any such order at the earliest possible moment; (xiv) if requested by the managing underwriter or agent or any Holder of Registrable Securities covered by the registration statement, promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or agent or such Holder reasonably requests to be included therein, including, without limitation, with respect to the number of Registrable Securities being sold by such Holder to such underwriter or agent, the purchase price being paid therefor by such underwriter or agent and with respect to any other terms of the underwritten offering of the Registrable Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such prospectus supplement or post-effective amendment; (xv) cooperate with the Holders of Registrable Securities covered by the registration statement and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing securities to be sold under the registration statement, and enable such securities to be in such denominations and registered in such names as the managing underwriter or agent, if any, or such Holders may request; (xvi) obtain for delivery to the Holders of Registrable Securities being registered and to the underwriter or agent an opinion or opinions from counsel for the Company in customary form and in form, substance and scope reasonably satisfactory to such Holders, underwriters or agents and their counsel; and (xvii) cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with the NASD. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company with such information regarding such seller and pertinent to the disclosure requirements relating to the registration and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder Holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision clause (gvi) of this Section 1.34, such holder Holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to covering such Registrable Securities until such holderHolder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision clause (gvi) of this Section 1.3 4, and, if so directed by the Company, such Holder will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, copies then in such holderHolder's possession possession, of the prospectus relating to covering such Registrable Securities current at the time of receipt of such notice. In the event the Company shall give any such notice, the period mentioned in clause (ii) of this Section 4 shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to clause (vi) of this Section 4 and including the date when each seller of Registrable Securities covered by such registration statement shall have received the copies of the supplemented or amended prospectus contemplated by clause (vi) of this Section 4.

Appears in 2 contracts

Samples: Registration Rights Agreement (Kindercare Learning Centers Inc /De), Registration Rights Agreement (KCLC Acquisition Corp)

Registration Procedures. If and whenever the The Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2, the Company willshall, as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement the Registration Statement filed pursuant to become effective; PROVIDED, HOWEVER, that Section 6(m) to be declared effective by the Company may discontinue any registration of its securities which are SEC within 90 days and not Registrable Securities (and, under later than 120 days from the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating theretoinitial filing; (bii) prepare and file with the Commission SEC any other requisite Registration Statement pursuant to Section 5(a) and thereafter use its best efforts to cause such Registration Statement to be declared effective by the SEC within 90 days and not later than 120 days from the date of the initial filing; (iii) with regard to (i) and (ii), after the 120th day after the date of the initial filing, and for each 30-calendar day period thereafter in which the Registration Statement fails to be declared effective, the Company shall issue to each Investor a number of shares of Common Stock equal to 3% of such Investor's Shares covered by such Registration Statement at that time, which Shares shall be included in the Registration Statement and used in the calculation of any additional issuance pursuant to this Section 5(c)(iii); (iv) prepare and file with the SEC such amendments and supplements to such registration statement Registration Statement and the prospectus used in connection therewith as may be necessary to keep such registration statement Registration Statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities the Shares covered by such registration statement Registration Statement until such the earlier of the time as all of such Registrable Securities Shares have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof Investors set forth in such registration statement; PROVIDED, Registration Statement or the date that except with respect to any such registration statement filed the Shares are eligible for resale pursuant to the provisions of Rule 415 144 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (cv) furnish to each seller the Investors' counsel copies of Registrable Securities covered by any correspondence between the Company and the SEC with respect to such registration statement, Registration Statement or amendments or supplements thereto filed pursuant to this Section 5. (vi) furnish such number of conformed copies of such registration statement Registration Statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement Registration Statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller the Investors may reasonably request;require. (dvii) use its reasonable best efforts to (iA) to register or qualify all Registrable Securities and other securities covered by such registration statement the Shares under such other securities or blue sky laws of such States of the United States of America states and jurisdictions where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement Investors shall reasonably request, (iiB) to keep such registration or qualification in effect for so long as such registration statement Registration Statement remains in effect, and (iiiC) to take any other action which may be reasonably necessary or advisable to enable such sellers the Investors to consummate the disposition in such jurisdictions of the securities to be sold by such sellersthe Investors, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (dvii) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (eviii) use its reasonable best efforts to cause all Registrable Securities Shares covered by such registration statement Registration Statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities Investors to enable the seller or sellers thereof Investors to consummate the disposition of such Registrable SecuritiesShares; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (gix) notify each seller of Registrable Securities covered by such registration statement the Investors at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such registration statementRegistration 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 under which they were made, and at the request of any such seller the Investors promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hx) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectusSEC; (ixi) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities the Shares covered by such registration statement Registration Statement from and after a date not later than the effective date of such registration; (xii) provide a CUSIP number for all Shares covered by such Registration Statement not later than the effective date of the Registration Statement; (xiii) use its best effort to avoid the issuance of, or if issued, to obtain the withdrawal of, any order enjoining or suspending the use or effectiveness of such Registration Statement or suspending the qualification (or exemption from qualification) of any of the Shares for sale in any jurisdiction, as promptly as reasonably practicable; and (jxiv) use its reasonable best efforts to list all Registrable Securities covered by such registration statement the Shares on the American Stock Exchange or any other national securities exchange on which Registrable Securities the shares of the same class covered by such registration statement Registration Statement are then listed or for which the Shares and the Company qualifies, and, if no such Registrable Securities shares are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities Investor agrees by acquisition of such Registrable Securities the Shares that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (gix) of this Section 1.35(c), such holder will forthwith discontinue such holder's disposition of Registrable Securities the Shares pursuant to the registration statement relating to such Registrable Securities Registration Statement until such holderInvestor's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gix) of this Section 1.3 5(c) and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, copies of the prospectus then in such holder's possession of the prospectus relating to such Registrable Securities the Shares current at the time of receipt of such notice, other than permanent file copies.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Parallel Technologies Inc), Stock Purchase Agreement (Parallel Technologies Inc)

Registration Procedures. If and whenever at any time the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective in accordance with Section 2.1(d)(i) hereof and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDPROVIDED that, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company135 days; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (ix) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (iiy) to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iiiz) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the reasonable opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Merger Agreement (Brenneman Gregory D), Merger Agreement (Hawaiian Airlines Inc/Hi)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 5.1 and 1.25.2, the Company will, will as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDand remain effective for a period of one hundred eighty (180) days or until all of such Registrable Securities have been disposed of (if earlier), HOWEVER, provided that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) furnish at least five (5) business days before filing a registration statement that registers such Registrable Securities, a prospectus relating thereto or any amendments or supplements relating to such a registration statement or prospectus, to one counsel selected by the holders of a majority of Registrable Securities (the "Investor Counsel"), copies of a registration statement, the prospectus and any amendments or supplements thereto, and shall not file any thereof to which such counsel shall have reasonably objected on the grounds that such registration statement, prospectus, amendment or supplement does not comply in all material respects with the requirements of the Securities Act or the rules or regulations thereunder (it being understood that such five (5) business day period need not apply to successive drafts of the same document proposed to be filed so long as such successive drafts are supplied to such counsel in advance of the proposed filing by a period of time that is customary and reasonable under the circumstances); (iii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period of not less than six (6) months and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except ; (iv) notify in writing the Investor Counsel promptly of the receipt by the Company of any notification with respect to (a) any comments by the Commission with respect to such registration statement filed pursuant to Rule 415 under or prospectus or any amendment or supplement thereto or any request by the Commission for the amending or supplementing thereof or for additional information with respect thereto, (b) the issuance by the Commission of any stop order suspending the effectiveness of such registration statement or prospectus or any amendment or supplement thereto or the initiation or threatening of any proceeding for that purpose, and (c) the suspension of the qualification of such Registrable Securities Act, for sale in any jurisdiction or the initiation or threatening of any proceeding for such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companypurposes; (cv) furnish to each seller of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably request; (dvi) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (dSection 5.3(vi) be obligated to be so qualified qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; (evii) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in by virtue of the opinion business and operations of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fviii) furnish at the effective date of such registration statement to each seller of Registrable SecuritiesSecurities a signed counterpart, addressed to such seller (and each such seller's the underwriters, if any, a signed counterpart ) of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Investor Rights Agreement (Blue Water Strategic Fund I LLC), Investor Rights Agreement (Net2000 Communications Inc)

Registration Procedures. If and whenever In connection with any registration of any Registrable Securities pursuant to Sections 5.1, 5.2 or 5.3 hereof, subject to the provisions of such Sections, the Company is required to shall use its reasonable best efforts to effect the registration and the sale of any such Registrable Securities under in accordance with the Securities Act intended method of disposition thereof as provided quickly as practicable, and, in Sections 1.1 and 1.2, the Company will, as expeditiously as possibleconnection with any such request: (a) The Company shall as expeditiously as possible, and, if the Company is not qualified for the use of Form S-3, no later than 20 days from the date of receipt by the Company of the written request, and if the Company is qualified for the use of Form S-3, no later than 10 days from the date of receipt by the Company of the written request, prepare and (within 90 days after file with the end of the period within SEC a registration statement on any form for which requests for registration may be given to the Company or that counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities to be registered thereunder in any event as soon thereafter as practicable) file accordance with the Commission the requisite registration statement to effect such registration intended method of distribution thereof, and thereafter use its reasonable best efforts to cause such filed registration statement to become effectiveand remain effective for a period of not less than 180 days, or in the case of a Shelf Registration, not less than two years (or such shorter period in which all of the Registrable Securities of the Registering Shareholders included in such registration statement shall have actually been sold thereunder, but not before the expiration of the periods referred to in Section 4(3) and Rule 174 of the Securities Act or any successor provision, if applicable); PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration such 180-day period or two-year period, as applicable, shall be extended for a period of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior equal to the effective date period any Shareholder refrains from selling any securities included in such registration at the request of an underwriter and in the case of any Shelf Registration, subject to compliance with applicable SEC rules, such two-year period shall be extended, if necessary, to keep the registration statement relating thereto;effective until all such Registrable Securities are sold. (b) prepare Prior to filing a registration statement or prospectus or any amendment or supplement thereto, the Company shall, if requested, furnish to each participating Shareholder and file with each underwriter, if any, of the Commission such amendments and supplements to Registrable Securities covered by such registration statement and the prospectus used in connection therewith as may be necessary to keep copies of such registration statement effective as proposed to be filed, and thereafter the Company shall furnish to such Shareholder and underwriter, if any, such number of copies of such registration statement, each amendment and supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 or Rule 430A under the Securities Act and such other documents as such Shareholder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Shareholder. (c) After the filing of the registration statement, the Company shall (i) cause the related prospectus to be supplemented by any required prospectus supplement, and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act, (ii) comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of during the applicable period in accordance with the intended methods of disposition by the seller or sellers Shareholders thereof set forth in such registration statement; PROVIDED, that except with respect statement or supplement to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(gprospectus and (iii) of Regulation S-X that applies to the Company; (c) furnish to promptly notify each seller of Shareholder holding Registrable Securities covered by such registration statement, such number statement of conformed copies any stop order issued or threatened by the SEC or any state securities commission and take all reasonable actions required to prevent the entry of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request;stop order or to remove it if entered. (d) The Company shall use its reasonable best efforts to (i) to register or qualify all the Registrable Securities and other securities covered by such registration statement under such other securities or blue sky sky” laws of such States of jurisdictions in the United States of America where an exemption is not available and as the sellers of any Shareholder holding such Registrable Securities covered by reasonably (in light of such registration statement shall reasonably requestShareholder’s intended plan of distribution) requests, and (ii) cause such Registrable Securities to keep be registered with or approved by such registration other governmental agencies or qualification in effect for so long authorities as such registration statement remains in effect, may be necessary by virtue of the business and (iii) to take operations of the Company and do any and all other action which acts and things that may be reasonably necessary or advisable to enable such sellers Shareholder to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersShareholder; provided, except that the Company shall not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision Section 5.5(d), (dB) be obligated subject itself to be so qualified taxation in any such jurisdiction or to (C) consent to general service of process in any such jurisdiction;. (e) use its reasonable best efforts to cause all The Company shall immediately notify each Shareholder holding such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, or upon as thereafter delivered to the happening purchasers of any event as a result of whichsuch Registrable Securities, the such prospectus included in such registration statement, as then in effect, includes will not contain an untrue statement of a material fact or omits omit to state any material fact required to be stated therein or necessary to make the statements therein not misleadingmisleading and promptly prepare and make available to each such Shareholder and file with the SEC any such supplement or amendment. (f) Except for a Demand Registration or and Underwritten Shelf Takedown, the Board shall have the right to select the underwriter or underwriters in connection with any Public Offering. In connection with the offering of Registrable Securities pursuant to a Demand Registration, the Requesting Shareholder shall have the right, in its sole discretion, to select the light managing underwriter in connection with any Public Offering resulting from a Demand Registration or an Underwritten Shelf Takedown. In connection with any Public Offering, the Company shall enter into customary agreements (including an underwriting agreement in customary form, provided that the scope of the circumstances under which they were madeindemnity contained in such underwriting agreement is not more extensive than the indemnity described in Section 5.7 hereof), provided that such agreements are consistent with this Agreement, and at take all such other actions as are reasonably required in order to expedite or facilitate the request disposition of such Registrable Securities in any such Public Offering. Each Shareholder participating in such underwriting shall also enter into such agreements, provided that the terms of any such seller promptly prepare agreement are consistent with this Agreement. (g) Upon execution of confidentiality agreements in form and furnish substance reasonably satisfactory to the Company, the Company shall make available for inspection by any Registering Shareholder and any underwriter participating in any disposition pursuant to a registration statement, being filed by the Company pursuant to this Section 5.5 and any attorney, accountant or other professional retained by any such Shareholder or underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as shall be reasonably necessary or desirable to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any Inspectors in connection with such registration statement. Records that the Company determines, in good faith, to be confidential and that it a reasonable number of copies of a supplement to or an amendment notifies the Inspectors are confidential shall not be disclosed by the Inspectors unless (i) the disclosure of such prospectus Records is necessary to avoid or correct a misstatement or omission in such registration statement, or (ii) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction or is otherwise required by law; provided, however, that any decision regarding the disclosure of information pursuant to subclause (i) shall be made only after consultation with counsel for the Company. Each Registering Shareholder agrees that information obtained by it as may a result of such inspections shall be necessary so deemed confidential and shall not be used by it or its Affiliates as the basis for any market transactions in the Company Securities unless and until such information is made generally available to the public. Each Registering Shareholder further agrees that, as thereafter delivered upon learning that disclosure of such Records is sought in a court of competent jurisdiction, it shall give notice to the purchasers of such securitiesCompany and allow the Company, such prospectus shall not include an untrue statement of a material fact or omit at its expense, to state a material fact required undertake appropriate action to be stated therein or necessary to make the statements therein not misleading in the light prevent disclosure of the circumstances under which they were made;Records deemed confidential. (h) The Company shall furnish to each Registering Shareholder and to each such underwriter, if any, a signed counterpart, addressed to such Shareholder or underwriter, of (i) an opinion or opinions of counsel to the Company and (ii) a comfort letter or comfort letters from the Company’s independent public accountants, each in customary form and covering such matters of the kind customarily covered by opinions or comfort letters, as the case may be, as a majority of such Shareholders or the managing underwriter therefor reasonably requests. (i) The Company shall otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings earning statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of or such registration statement, which earnings statement other document that shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunderthereunder no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) (or in each case within such shorter period of time as may be required by the Commission for filing the applicable report with the Commission) (i) commencing the end of any fiscal quarter in which Registrable Securities are sold to underwriters in an underwritten offering or (ii) if not sold to underwriters in such an offering, and promptly furnish commencing on the first day of the first fiscal quarter of the Company after the effective date of a Registration Statement, which earnings statement shall cover said 12-month period. (j) The Company may require each Shareholder whose Registrable Securities are covered by a Registration Statement, by written notice given to each such seller Shareholder not less than 10 days prior to the filing date of such registration statement, to promptly, and in any event within seven days after receipt of such notice, furnish in writing to the Company such information regarding the distribution of the Registrable Securities a copy as the Company may from time to time request and such other information as may be legally required in connection with such registration. (k) Each such Shareholder agrees that, upon receipt of any written notice from the Company of the occurrence of any event requiring the preparation of a supplement or amendment or supplement of a prospectus relating to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by a registration statement that is required to be delivered under the Securities Act so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or to make the statements therein not misleading, such Shareholder shall forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Shareholder’s receipt of the copies of a supplemented or amended prospectus, and, if so directed by the Company, such Shareholder shall deliver to the Company all copies, other than any permanent file copies then in such Shareholder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. If the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained effective (including the period referred to in Section 5.5(a)) by the number of days during the period from and after a date not later than including the effective date of the giving of notice pursuant to Section 5.5(e) to the date when the Company shall make available to such registration; andShareholder a prospectus supplemented or amended to conform with the requirements of Section 5.5(e). (jl) The Company shall use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange or quotation system on which any of the Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. or traded. (m) The Company may require each seller shall have appropriate officers of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (i) prepare and make presentations at any “road shows” and before analysts and rating agencies, as the Company's expensecase may be, (ii) all copiestake other actions to obtain ratings for any Registrable Securities and (iii) otherwise use their reasonable best efforts to cooperate as requested by the underwriters in the offering, other than permanent file copies, then in such holder's possession marketing or selling of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeSecurities.

Appears in 2 contracts

Samples: Shareholder Agreement (Reliant Software, Inc.), Shareholder Agreement (Community Choice Financial Inc.)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, will as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, provided that the Company may discontinue any registration of its securities which that are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which that are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until the earlier of (i) 180 days following the effectiveness of such registration statement or (ii) such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities covered by such registration statement, the Holders such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller the Holders may reasonably request; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement Holders shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which that may be reasonably necessary or advisable to enable such sellers the Holders to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersit, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) in an underwritten offering, furnish at to the effective date of Holders a signed counterpart, addressed to such registration statement to each seller of Registrable Securities, (and each such seller's underwriters, if any, a signed counterpart ) of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement (and, if applicablesuch registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), reasonably satisfactory in form and substance to such seller, and (ii) a "comfort" letter letter, dated the effective date of such registration statement (and, if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters such seller may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement the Holders, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller the Holders promptly prepare and furnish to it the Holders a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a11 (a) of the Securities Act and Rule 158 promulgated thereunder, and promptly Act; (i) furnish to each such seller of Registrable Securities the Holders at least five (5) business days prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectusprospectus and shall not file any thereof to which the Holders shall have reasonably objected on the grounds that such amendment or supplement does not comply in all material respects with the requirements of the Securities Act or of the rules or regulations thereunder; (ij) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (jk) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange or automated quotation system on which any of the Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed; and (l) (enter into such agreements and take such other actions as the Holders shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities. The Company may require each seller of Registrable Securities as to which any the Holders participating in a registration is being effected to furnish the Company such information regarding such seller Holder and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities Holder agrees by acquisition of such Registrable Securities that, that upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.32.3, such holder the Holder will forthwith discontinue such holder's its disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holderthe Holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 2.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holderthe Holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Torch Offshore Inc), Registration Rights Agreement (Torch Offshore Inc)

Registration Procedures. If In connection with the Company's obligations pursuant to Sections 4.1 and whenever 4.2 hereof, the Company is required to will use its all reasonable best efforts to effect the such registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2, the Company will, as expeditiously as possiblewill promptly: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission SEC as soon as practicable after request for registration hereunder the requisite registration statement to effect such registration and thereafter use its all reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that effective and to remain continuously effective until the Company may discontinue any earlier to occur of (x) 180 days following the date on which such registration of its securities which are not Registrable Securities statement is declared effective or (and, under y) the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date termination of the registration statement relating thereto;offering being made thereunder. (b) prepare and file with the Commission SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities shares of Common Stock and Common Stock Equivalents, as the case may be, covered by such registration statement until such Common Stock and Common Stock Equivalents, as the case may be, has been sold or such lesser period of time as all the Company, any seller of such Registrable Common Stock and Common Stock Equivalents, as the case may be, or any underwriter is required under the Securities have been disposed of Act to deliver a prospectus in accordance with the intended methods of disposition by the seller or sellers thereof of such Common Stock and Common Stock Equivalents, as the case may be, set forth in such registration statement; PROVIDED, that except with respect statement or supplement to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyprospectus; (c) furnish to each seller Stockholder and Permitted Transferee which owns shares of Registrable Securities Common Stock or Common Stock Equivalents, as the case may be, covered by such registration statementstatement (the "SELLING STOCKHOLDERS") and the managing underwriter, if any, at least one executed original of the registration statement and such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, Act as such seller may reasonably requestbe requested by such Selling Stockholder; (d) use its all reasonable best efforts (i) to register or qualify all Registrable Securities and other securities shares of Common Stock or Common Stock Equivalents, as the case may be, covered by such registration statement under such other the securities or "blue sky sky" laws of such States of the United States of America jurisdictions where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement Selling Stockholders shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers the Selling Stockholders to consummate the disposition in such jurisdictions of such Common Stock and Common Stock Equivalents, as the securities to be sold by such sellerscase may be, except PROVIDED that the Company shall will not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein where it is not then so qualified, subject itself to taxation in any such jurisdiction or take any action which would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent subject it to general service of process in any such jurisdiction; (e) use its reasonable best efforts notify the Selling Stockholders and the managing underwriter, if any, promptly, and confirm such advice in writing (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and, with respect to cause all Registrable Securities covered by such a registration statement or any post-effective amendment, when the same has become effective, (ii) of any request by the SEC for amendments or supplements to a registration statement or related prospectus or for additional information, (iii) of the issuance by the SEC of any stop order suspending the effectiveness of a registration statement or the initiation of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of any of the registered securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) of the happening of any event or information becoming known which requires the making of any changes in a registration statement or related prospectus so that such documents will not contain any untrue statement of a material fact or omit to state any material fact required to be registered with stated therein or approved by such other federal or state governmental agencies or authorities as may necessary to make the statements therein not misleading and (vi) of the Company's reasonable determination that a post-effective amendment to a registration statement would be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securitiesappropriate; (f) furnish make every reasonable effort to obtain the withdrawal of any order suspending the effectiveness of a registration statement, or the lifting of any suspension of the qualification of any of the registered securities for sale in any jurisdiction, at the earliest possible moment; (g) upon the occurrence of any event contemplated by clause (e)(v) above, prepare a supplement or post-effective date of such amendment to the applicable registration statement or related prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to each seller the purchasers of Registrable Securitiesthe securities being sold thereunder, such prospectus will not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein not misleading; (h) use its best efforts to furnish to the Selling Stockholders a signed counterpart, addressed to the Selling Stockholders and each such seller's the underwriters, if any, a signed counterpart of: of (iA) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and and (iiB) a "comfort" letter letter, signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort accountant's letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities (and dated the dates such opinions and comfort letters are customarily dated) and, in the case of the accountants' comfort accountant's letter, such other financial matters, and, and in the case of the legal opinion, such other legal matters, as the Selling Stockholders or the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hi) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, the Selling Stockholders an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy thereunder no later than 90 days after the end of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and 12-month period beginning after a date not later than the effective date of a registration statement pursuant to which shares of Common Stock and Common Stock Equivalents, as the case may be, are sold, which statement shall cover such registration12-month period; (j) cooperate with the Selling Stockholders and the managing underwriters, if any, to facilitate the timely preparation and delivery of certificates representing shares of Common Stock and Common Stock Equivalents, as the case may be, to be sold; and enable such shares of Common Stock and Common Stock Equivalents, as the case may be, to be in such denominations and registered in such names as the Selling Stockholders or the managing underwriters, if any, may request at least two Business Days prior to any sale of shares of Common Stock or Common Stock Equivalents, as the case may be, to the underwriters; (k) use its best efforts to cause the shares of Common Stock and Common Stock Equivalents, as the case may be, covered by the applicable registration statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the Selling Stockholder(s) or the underwriters, if any, to consummate the disposition of such shares of Common Stock and Common Stock Equivalents, as the case may be; (l) cause all shares or units of Common Stock or Common Stock Equivalents, as the case may be, covered by the registration statement to be listed on each securities exchange, if any, on which securities of such class, series and form issued by the Company, if any, are then listed if requested by the managing underwriters, if any, or the holders of a majority of the shares or units of Common Stock or Common Stock Equivalents, as the case may be, covered by the registration statement and entitled hereunder to be so listed; (m) cooperate and assist in any filings required to be made with the National Association of Securities Dealers, Inc. (the "NASD") and in the performance of any due diligence investigation by any underwriter (including any "qualified independent underwriter" that is required to be retained in accordance with the rules and regulations of the NASD); and (jn) use its reasonable best efforts as soon as practicable prior to list all Registrable Securities covered the filing of any document which is to be incorporated by such reference into the registration statement on any national securities exchange on which Registrable Securities or the prospectus (after initial filing of the same class covered by registration statement) provide copies of such registration statement are then listed anddocument to counsel to the Selling Stockholders and to the managing underwriters, if no any, and make the Company's representatives available for discussion of such Registrable Securities are so listed, on any national securities exchange on which document and consider in good faith making such changes in such document prior to the Common Stock is then listedfiling thereof as counsel for such Selling Stockholders or underwriters may reasonably request. The Company may require each seller of Registrable Securities as to which any registration is being effected Selling Stockholder to furnish to the Company such information regarding such seller Selling Stockholder and the distribution of such securities by such Selling Stockholder as the Company may from time to time reasonably request in writingwriting in order to comply with the Securities Act. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities The Selling Stockholders severally agree that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision Section 4.3(e)(ii), (giii), (iv), (v) of this Section 1.3or (vi) hereof, such holder they will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the such registration statement relating to of any shares of Common Stock or Common Stock Equivalents, as the case may be, covered by such Registrable Securities registration statement or prospectus until such holder's their receipt of the copies of the supplemented or amended prospectus contemplated relating to such registration statement or prospectus or until they are advised in writing by subdivision the Company that the use of the applicable prospectus may be resumed (gand the period of such discontinuance shall be excluded from the calculation of the period specified in clause (x) of this Section 1.3 4.3(a)) and, if so directed by the Company, will deliver to the Company (at the Company's expense, except as otherwise provided in Section 4.1(c)) all copies, other than permanent file copies, copies then in such holder's possession their possession, of the prospectus relating to covering such Registrable Securities current securities in effect at the time of receipt of such notice. The Selling Stockholders agree to furnish the Company a signed counterpart, addressed to the Company and the underwriters, if any, of an opinion of counsel for the Selling Stockholders covering substantially the same matters with respect to such registration statement (and the prospectus included therein) as are customarily covered in opinions of selling stockholder's counsel delivered to the underwriters in underwritten public offerings of securities (and dated the dates such opinions are customarily dated) and such other legal matters as the Company or the underwriters may reasonably request.

Appears in 2 contracts

Samples: Stockholders' Agreement (Cluett Peabody & Co Inc /De), Subscription Agreement (Cluett Peabody & Co Inc /De)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, as expeditiously as possible: (ai) prepare and (and, in any event within 90 days after the end of the period within which requests a request for registration may be given by the Demand Party pursuant to the Company or in any event as soon thereafter as practicable) Section 4.2, file with the Commission the requisite SEC a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in is being effected pursuant to Section 1.2(a), its securities which are Registrable Securities) 4.3 at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period not in excess of 180 days and to comply with the provisions of the Securities Act, the Exchange Act and the rules and regulations of the SEC thereunder with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (ciii) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibitsexhibits filed therewith, including any documents incorporated by reference), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities by such seller; (div) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of in such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersSeller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not where, but for the requirements of this subdivision clause (d) iv), it would not be obligated to be so qualified qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all notify each seller of any such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities ActAct within the appropriate period mentioned in clause (ii) of this Section 4.4, upon discovery that, or upon of the happening of any event as a result of which, Company’s becoming aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading in the light of the circumstances under which they were made, and at the request of any such seller promptly seller, prepare and furnish to it such seller a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hvi) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holdersshareholders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, practicable (but not more than eighteen months, beginning with the first full calendar month ) after the effective date of such the registration statement, which an earnings statement which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 the rules and regulations promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (ivii) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (jA) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listedlisted if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange; and (B) use its reasonable best efforts to provide a transfer agent and registrar for such Registrable Securities covered by such registration statement not later than the effective date of such registration statement; (viii) enter into such customary agreements (including an underwriting agreement in customary form), which may include indemnification provisions in favor of underwriters and other persons in addition to, or in substitution for the provisions of Section 4.5 hereof, as the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities (provided that the Holders on whose behalf the Registrable Securities are to be distributed by such underwriters shall be parties to any such underwriting agreement and the representations and warranties by, and the other agreements on the part of, the Company to and for the benefit of such underwriters, shall also be made to and for the benefit of such Holders); (ix) make available for reasonable inspection by any seller of such Registrable Securities covered by such registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such seller or any such underwriter, in each case upon reasonable notice, pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause the Company’s officers, directors and employees to supply all pertinent information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement, and use reasonable best efforts to provide reasonable opportunities to discuss the business of the Company with the independent public accountants who have certified or reviewed the Company’s financial statements; (x) notify counsel (selected pursuant to Section 4.7 hereof) for the Holders of Registrable Securities included in such registration statement and the managing underwriter or agent, immediately, and confirm the notice in writing (A) when the registration statement, or any post-effective amendment to the registration statement, shall have become effective, or any supplement to the prospectus or any amendment prospectus shall have been filed, (B) of the receipt of any comments from the SEC, (C) of any request of the SEC to amend the registration statement or amend or supplement the prospectus or for additional information, and (D) of the issuance by the SEC of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus, or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, or of the institution or threatening of any proceedings for any of such purposes; (xi) make every reasonable effort to prevent the issuance of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus and, if any such order is issued, to obtain the withdrawal of any such order at the earliest possible moment; (xii) if requested by the managing underwriter or agent or any Holder of Registrable Securities covered by the registration statement, promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or agent or such Holder reasonably requests to be included therein, including, without limitation, with respect to the number of Registrable Securities being sold by such Holder to such underwriter or agent, the purchase price being paid therefor by such underwriter or agent and with respect to any other terms of the underwritten offering of the Registrable Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such prospectus supplement or post-effective amendment; (xiii) cooperate with the Holders of Registrable Securities covered by the registration statement and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of certificates representing securities to be sold under the registration statement, and enable such securities to be in such denominations and registered in such names as the managing underwriter or agent, if any, or such Holders may request; (xiv) cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with the NASD; (xv) cause management of the Company to participate in investor “road shows” and other investor efforts or meetings so long as such requested participation is reasonable and will not unduly interfere with the Company’s business and operations; and (xvi) use its reasonable best efforts to furnish an opinion of counsel for the Company addressed to the underwriters dated the date of the closing under the underwriting agreement (if any) (or if such offering is not underwritten, dated the effective date of the registration statement), and (ii) use its reasonable best efforts to furnish a “cold comfort” letter addressed to the underwriters and each Holder of Registrable Securities included in such registration statement, if permissible under applicable accounting practices, and signed by the independent public accountants who have audited the Company’s financial statements included in such registration statement, in each such case covering substantially the same matters with respect to such registration statement (and the prospectus included therein) as are customarily covered in opinions of issuer’s counsel and in accountants’ letters delivered to underwriters in underwritten public offerings of securities. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company with such information regarding such seller and pertinent to the disclosure requirements relating to the registration and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder Holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision clause (gv) of this Section 1.34.4, such holder Holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to covering such Registrable Securities until such holder's Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by subdivision clause (gv) of this Section 1.3 4.4, and, if so directed by the Company, such Holder will deliver to the Company (at the Company's ’s expense) all copies, other than permanent file copies, copies then in such holder's possession Holder’s possession, of the prospectus relating to covering such Registrable Securities current at the time of receipt of such notice. In the event the Company shall give any such notice, the period mentioned in clause (ii) of this Section 4.4 shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to clause (v) of this Section 4.4 and including the date when each seller of Registrable Securities covered by such registration statement shall have received the copies of the supplemented or amended prospectus contemplated by clause (v) of this Section 4.4.

Appears in 2 contracts

Samples: Shareholder Agreement (American Real Estate Partners L P), Shareholders Agreement (Sandridge Energy Inc)

Registration Procedures. If If, and whenever in each case when, the Company is required to use its reasonable best efforts to effect the a registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Section 3, the Company will, as expeditiously as possiblewill promptly: (a) prepare and and, in any event within 45 days (within 90 30 days in the case of a Form S-3 registration) after the end of the period under Section 3.2.1(a) within which requests a piggyback request for registration may be given to the Company or in any event as soon thereafter as practicable) Company, file with the Commission the requisite a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date within 90 days of the registration statement relating theretoinitial filing; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period not in excess of 270 days (or such shorter period which will terminate when all Registrable Securities covered by such registration statement have been sold) and to comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, provided that except with respect to any such before filing a registration statement filed or prospectus, or any amendments or supplements thereto in accordance with Sections 3.1 or 3.2, the Company will furnish to counsel selected pursuant to Rule 415 under the Securities ActSection 3.3.3 hereof copies of all documents proposed to be filed, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies which documents will be subject to the Companyreview of such counsel; (c) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibitsexhibits filed therewith), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities by such seller; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall in such jurisdictions as each seller will reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersseller, except that the Company shall will not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not where, but for the requirements of this subdivision clause (d) ), it would not be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all notify each seller of any such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon of the happening of any event as a result of which, Company’s becoming aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller promptly seller, prepare and furnish to it such seller a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (hf) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, practicable (but not more than eighteen 18 months, beginning with the first full calendar month ) after the effective date of such the registration statement, which an earnings statement shall which will satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectusAct; (g) (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all if such Registrable Securities covered by such registration statement from and after a date not later than the effective date are Common Stock (including Common Stock issuable upon conversion, exchange or exercise of such registration; and (j) another security), use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed if such Registrable Securities are not already so listed. The ; and (ii) use its best efforts to provide a transfer agent and registrar for such Registrable Securities covered by such registration statement not later than the effective date of such registration statement; (h) enter into such customary agreements (including an underwriting agreement in customary form), which may include indemnification provisions in favor of underwriters and other Persons in addition to the provisions of Section 3.4 hereof, and take such other actions as the Xxxx Funds or the underwriters, if any, reasonably requested in order to expedite or facilitate the disposition of such Registrable Securities; (i) obtain a “cold comfort” letter or letters from the Company’s independent public accountants in customary form and covering matters of the type customarily covered by “cold comfort” letters as the Xxxx Funds shall reasonably request; (j) make available for inspection by any seller of such Registrable Securities covered by such registration statement, by any managing underwriter or underwriters participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such seller or any such managing underwriter(s), all pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of the Company’s officers, directors and employees to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement (subject to each party referred to in this clause (j) entering into customary confidentiality agreements in a form reasonably acceptable to the Company); (k) notify counsel (selected pursuant to Section 3.3.3 hereof) for the Holders of Registrable Securities included in such registration statement and the managing underwriter or agent, immediately, and confirm the notice in writing (i) when the registration statement, or any post-effective amendment to the registration statement, will have become effective, or any supplement to the prospectus or any amendment to the prospectus will have been filed, (ii) of the receipt of any comments from the Commission, (iii) of any request of the Commission to amend the registration statement or amend or supplement the prospectus or for additional information, and (iv) of the issuance by the Commission of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus, or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, or of the institution or threatening of any proceedings for any of such purposes; (l) use its best efforts to prevent the issuance of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus and, if any such order is issued, to obtain the withdrawal of any such order as soon as practicable; (m) if requested by the managing underwriter or agent or any Holder of Registrable Securities covered by the registration statement, incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or agent or such Holder reasonably requests to be included therein, including, with respect to the number of Registrable Securities being sold by such Holder to such underwriter or agent, the purchase price being paid therefor by such underwriter or agent and with respect to any other terms of the underwritten offering of the Registrable Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such prospectus supplement or post-effective amendment; (n) cooperate with the Holders of Registrable Securities covered by the registration statement and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing securities to be sold under the registration statement, and enable such securities to be in such denominations and registered in such names as the managing underwriter or agent, if any, or such Holders may request; (o) obtain for delivery to the Holders of Registrable Securities being registered and to the underwriter or agent an opinion or opinions from counsel for the Company may require in customary form and in form, substance and scope reasonably satisfactory to the Xxxx Funds, underwriters or agents and their counsel; (p) cooperate with each seller of Registrable Securities as to which any registration is being effected to furnish and each underwriter or agent participating in the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition disposition of such Registrable Securities that, upon receipt and their respective counsel in connection with any filings required to be made with the FINRA; and (q) use its best efforts to make available the executive officers of any notice from the Company of to participate with the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition Holders of Registrable Securities pursuant to and any underwriters in any “road shows” that may be reasonably requested by the registration statement relating to such Registrable Securities until such holder's receipt Holders in connection with distribution of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeSecurities.

Appears in 2 contracts

Samples: Registration and Participation Rights Agreement (Gymboree Corp), Registration and Participation Rights Agreement (Gym-Card, LLC)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, will as expeditiously as possible: (ai) prepare and (within 90 as soon thereafter as possible or in any event no later than 60 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, PROVIDED that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller Seller or sellers thereof set forth in such registration statement; PROVIDED, that HOWEVER, that, except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days as otherwise set forth in Rule 3-12(g) this Agreement, the Company shall not be required to amend or supplement such Registration Statement or prospectus after the expiration of Regulation S-X that applies to 90 days from the Companyeffective date of such Registration Statement; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, Act in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision clause (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Recoton Corp), Registration Rights Agreement (Recoton Corp)

Registration Procedures. (a) If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 2 or 3, the Company will, will as expeditiously as possible: (ai) prepare and promptly file with the Commission a registration statement with respect to such Registrable Securities (in any event, use its best efforts to file such registration statement within 90 sixty (60) days after the end of the period within which requests for registration may be given delivered to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities and other securities covered by such registration statement until the earlier of such time as all of such Registrable Securities and other securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any statement or the expiration of nine (9) months after such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companybecomes effective; (ciii) furnish to each seller of such Registrable Securities covered by such registration statementSecurities, without charge, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, such documents incorporated by reference in such registration statement or prospectus, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other the securities or blue sky laws of such States of jurisdictions as each seller (or in an underwritten offering, the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement managing underwriter) shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold its Registrable Securities covered by such sellersregistration statement, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would is not but for the requirements of this subdivision (d) be obligated so qualified, or to be so qualified subject itself to taxation in any such jurisdiction, or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fv) furnish at the effective date of such registration statement to each seller of Registrable SecuritiesSecurities by means of such registration a signed counterpart, and each addressed to such seller's underwriters, if any, a signed counterpart of: of (iA) an opinion of counsel for the Company, dated the effective date of such registration statement (or, if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement speaking both as of the effective date of the registration statement and the date of the closing under the underwriting agreement)and (B) a "cold comfort" letter dated the effective date of such registration statement (and, if applicablesuch registration statement includes an underwritten public offering, dated the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the such accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, as such other legal matters, as the underwriters seller may reasonably request; (gvi) immediately notify each seller of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon of the happening of any event as a result of which, which the prospectus included in such 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, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller promptly prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such Registrable Securities or other securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (hvii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security securities holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, (12) months beginning with the first full calendar day of the first month of the first fiscal quarter after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus;; and (iviii) use its best efforts to list such securities on the New York Stock Exchange and each securities exchange on which the Common Stock of the Company is then listed, if such securities are not already so listed and if such listing is then permitted under the rules of such exchange, and, if necessary, provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all such Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listedstatement. The Company may require each seller such holder of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller holder and the distribution of such securities as the Company may from time to time reasonably request in writingwriting and as shall be required by law or by the Commission in connection therewith. (b) If the Company at any time proposes to register any of its securities under the Securities Act (other than pursuant to a request made under Section 2), and such securities are to be distributed by or through one or more underwriters, the Company will make reasonable efforts, if requested by any holder of Registrable Securities who requests incidental registration of Registrable Securities in connection therewith pursuant to Section 3, to arrange for such underwriters to include such Registrable Securities among those securities to be distributed by or through such underwriters, provided that, for purposes of this sentence, reasonable efforts shall not require the Company to reduce the amount or sale price of such securities proposed to be so distributed. Each In all registrations under Section 2 or Section 3 hereof, the holders of Registrable Securities on whose behalf Registrable Securities are to be distributed by underwriters shall be parties to any underwriting agreement and the representations and warranties by, and the other agreements on the part of, the Company to and for the benefit of such underwriters, shall also be made to and for the benefit of such holders of Registrable Securities. (c) Whenever a registration requested pursuant to Section 2 is for an underwritten offering, the holders of a majority of the Registrable Securities included in such registration shall have the right to select the managing underwriter to administer the offering subject to the approval of the Company, such approval not to be unreasonably withheld. If the Company at any time proposes to register any of its securities under the Securities Act for sale for its own account and such securities are to be distributed by or through one or more underwriters, the managing underwriter shall be selected by the Company and approved by the holders of Registrable Securities requesting registration thereof, such approval not to be unreasonably withheld. (d) If any registration pursuant to Section 2 or 3 shall be made in connection with an underwritten public offering, each holder of Registrable Securities agrees by acquisition of such Registrable Securities thatSecurities, upon receipt of if so required by the managing underwriters, not to effect any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition public sale or distribution of Registrable Securities pursuant (other than as part of such underwritten public offering) within the period of time between seven days prior to the effective date of such registration statement relating to such Registrable Securities until such holder's receipt of and one hundred twenty (120) days after the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt effective date of such noticeregistration statement.

Appears in 2 contracts

Samples: Purchase Agreement (Bianco Joseph J), Purchase Agreement (Alliance Entertainment Corp)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, will as expeditiously as possible: (ai) prepare and (within 90 as soon thereafter as possible or in any event no later than 60 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effectiveeffective for the period of the distribution contemplated thereby; PROVIDED, HOWEVERprovided, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable SecuritiesSecurities a signed counterpart, addressed to such seller (and each such seller's underwriters, if any, a signed counterpart ) of: (iA) an opinion of counsel for the Company, dated the effective date of such registration statement (and, if applicablesuch registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), reasonably satisfactory in form and substance to such seller, and (iiB) a "comfort" letter letter, dated the effective date of such registration statement (and, if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters such seller may reasonably request; (gvii) notify each seller of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller promptly prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hviii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunderAct, and promptly will furnish to each such seller of Registrable Securities at least five business days prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectusprospectus and shall not file any thereof to which any such seller shall have reasonably objected on the grounds that such amendment or supplement does not comply in all material respects with the requirements of the Securities Act or of the rules or regulations thereunder; (iix) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (jx) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities any of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which of the Common Stock Company is then listed; (xi) assist in marketing the offering, including conducting and participating in a roadshow as recommended and scheduled by the underwriters; and (xii) enter into such agreements and take such other actions as the Requisite Holders shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writingwriting in order to assure compliance with federal and applicable state securities laws. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, that upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (gvii) of this Section 1.32.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gvii) of this Section 1.3 2.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Texoil Inc /Nv/), Registration Rights Agreement (Quantum Energy Partners L P)

Registration Procedures. If When Stratagene effects the registration of Registrable Securities under the Securities Act required by Section 2.1 and if and whenever the Company Stratagene is required to use its reasonable best efforts to effect the registration of any additional Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 2.2 hereof, the Company will, Stratagene shall as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission SEC as soon as practicable the requisite registration statement to effect such registration (and shall include all financial statements required by the SEC to be filed therewith) and thereafter use its commercially reasonable best efforts to cause such registration statement to become effective; PROVIDEDprovided, HOWEVERhowever, that before filing such registration statement (including all exhibits) or any amendment or supplement thereto or comparable statements under securities or blue sky laws of any jurisdiction, Stratagene shall as promptly as practicable furnish such documents to Xxxxx and each underwriter, if any, participating in the Company may discontinue any registration offering of its securities which are not the Registrable Securities (andand their respective counsel, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior documents will be subject to the effective date review and comments of the registration statement relating theretoXxxxx Entities, each underwriter and their respective counsel; (b) notify Xxxxx of the SEC's requests for amending or supplementing the registration statement and the prospectus; and prepare and file with the Commission SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until for a period of at least twenty four (24) months or such time shorter period as shall be required for the disposition of all of such Registrable Securities have been disposed of in accordance with the intended methods method of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companydistribution thereof; (c) furnish furnish, without charge, to Xxxxx and each seller of Registrable Securities covered by such registration statementunderwriter, if any, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as Xxxxx and such seller underwriters may reasonably request; (d) use its commercially reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States states of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement Xxxxx or any managing underwriter shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers Xxxxx to consummate the disposition in such jurisdictions of the securities to be sold by such sellersthe Xxxxx Entities, except that the Company Stratagene shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision subsection (d) be obligated to be so qualified or to consent to general service of process or subject itself to taxation in any such jurisdiction; (e) use its commercially reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company Stratagene and counsel to Xxxxx by virtue of the seller or sellers business and operations of Registrable Securities to enable the seller or sellers thereof Stratagene to consummate the disposition of such Registrable Securities; (f) furnish at in the effective date case of such registration statement any underwritten offering under Section 2.2, cause to each seller of Registrable Securities, be furnished to Xxxxx and each such seller's underwritersunderwriter, if any, participating in the offering of the securities covered by such registration statement, a signed counterpart of: of (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and Stratagene and (ii) a "comfort" letter signed by the independent public accountants who have certified the CompanyStratagene's or any other entity's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are is customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in (and dated the case of the accountants' dates such opinions and comfort letter, such other financial matters, letters are customarily dated) and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) promptly notify the Xxxxx Entities and each seller managing underwriter, if any, participating in the offering of Registrable Securities the securities covered by such registration statement (i) when such registration statement, any pre-effective amendment, the prospectus or any prospectus supplement related thereto or post-effective amendment to such registration statement has been filed, and, with respect to such registration statement or any post-effective amendment, when the same has become effective, (ii) of any request by the SEC for amendments or supplements to such registration statement or the prospectus related thereto or for additional information, (iii) of the issuance by the SEC of any stop order suspending the effectiveness of such registration statement or the initiation of any proceedings for that purpose, (iv) of the receipt by Stratagene of any notification with respect to the suspension of the qualification of any of the Registrable Securities for sale under the securities or blue sky laws of any jurisdiction or the initiation of any proceeding for such purpose, (v) at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and in the case of this clause (v), at the request of any such seller Xxxxx, promptly prepare and furnish to it Xxxxx and each managing underwriter, if any, participating in the offering of the Registrable Securities, a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesXxxxx, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were mademade and (vi) in the case of an underwritten offering, at any time when the representations and warranties of Stratagene contemplated by Section 2.4 hereof cease to be true and correct; (h) otherwise use its commercially reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the a period of at least twelve months, but not more than eighteen months, months beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and; (j) use its commercially reasonable best efforts to list cause all Registrable Securities covered by such registration statement to be listed on any national securities exchange on which Registrable Securities the Principal Market; (k) deliver promptly to counsel to Xxxxx and each underwriter, if any, participating in the offering of the same class covered by Registrable Securities, copies of all correspondence between the SEC and Stratagene, its counsel or auditors and all memoranda relating to discussions with the SEC or its staff with respect to such registration statement are then listed statement; (l) use commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of the registration statement; and (m) provide a CUSIP number for all Registrable Securities, if no such Registrable Securities are so listed, on any national securities exchange on which later than the Common Stock is then listedeffective date of the registration statement. The Company Stratagene may require each seller of Registrable Securities as to which any registration is being effected Xxxxx to furnish the Company Stratagene such information regarding such seller the Xxxxx Entities and the distribution of such securities the Registrable Securities as the Company Stratagene may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, The Xxxxx Entities agree that upon receipt of any notice from the Company Stratagene of the happening of any event of the kind described in subdivision paragraph (gg)(iii) or (v) of this Section 1.32.3, such holder will forthwith the Xxxxx Entities will, to the extent appropriate, discontinue such holder's their disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's until, in the case of paragraph (g)(v) of this Section 2.3, their receipt of the copies of the supplemented or amended prospectus contemplated by subdivision paragraph (gg)(v) of this Section 1.3 2.3 and, if so directed by the CompanyStratagene, will deliver to the Company Stratagene (at the CompanyStratagene's expense) all copies, other than permanent file copies, then in such holder's possession their possession, of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. If the disposition by the Xxxxx Entities of their securities is discontinued pursuant to the foregoing sentence, Stratagene shall extend the period of effectiveness of the registration statement by the number of days during the period from and including the date of the giving of notice to and including the date when the Xxxxx Entities shall have received copies of the supplemented or amended prospectus contemplated by paragraph (g)(v) of this Section 2.3.

Appears in 2 contracts

Samples: Registration Rights Agreement (Stratagene Corp), Registration Rights Agreement (Stratagene Corp)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 2.1, the Company will, as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its commercially reasonable best efforts to cause such registration statement to become effective; PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which that are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.1(a) and (b), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDprovided, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company180 days; (ciii) furnish to each seller of Registrable Securities covered by such registration statementSecurities, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts make any filings (iif any) to register or qualify all Registrable Securities and other securities covered by such registration statement required under such other securities or the blue sky or securities laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fv) furnish at the effective date of such registration statement and/or on the date of closing under the underwriting agreement, as the case may be, to each seller of Registrable Securities, and each such seller's to the underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Special Metals Corp), Registration Rights Agreement (Inco LTD)

Registration Procedures. If and whenever the Company is required ----------------------- to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, will as expeditiously as possible: (ai) prepare and (within 90 as soon thereafter as possible or in any event no later than 60 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, provided that the Company may discontinue any registration of -------- its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable SecuritiesSecurities a signed counterpart, addressed to such seller (and each such seller's underwriters, if any, a signed counterpart ) of: (iA) an opinion of counsel for the Company, dated the effective date of such registration statement (and, if applicablesuch registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), reasonably satisfactory in form and substance to such seller, and (iiB) a "comfort" letter letter, dated the effective date of such registration statement (and, if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters such seller may reasonably request; (gvii) notify each seller of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller promptly prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hviii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunderAct, and promptly will furnish to each such seller of Registrable Securities at least five business days prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectusprospectus and shall not file any thereof to which any such seller shall have reasonably objected on the grounds that such amendment or supplement does not comply in all material respects with the requirements of the Securities Act or of the rules or regulations thereunder; (iix) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (jx) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which any of the Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed; and (xi) enter into such agreements and take such other actions as the Requisite Holders shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, that upon receipt of any notice from the Company of the happening of any event of the kind described in the subdivision (gvii) of this Section 1.32.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gvii) of this Section 1.3 2.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Petroglyph Energy Inc), Registration Rights Agreement (Hightower Jack)

Registration Procedures. (a) If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 Section 2(a), Section 2(j) and 1.2Section 3(a), the Company will, will as expeditiously as possiblepracticable: (ai) (A) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite SEC a registration statement on the appropriate form which includes such Registrable Securities; (B) promptly respond to effect all comments received with respect to such registration statement and make and file all amendments thereto deemed necessary by the Company’s legal counsel; and (C) thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that effective at the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating theretoearliest practicable date; (bii) prepare and file with the Commission SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement accurate and effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities and other securities covered by such registration statement until the earlier of such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statementstatement or for the longer of: (A) nine (9) months; PROVIDEDor (B) if the Company is eligible to conduct a continuous secondary offering pursuant to Rule 415, that except with respect two (2) years; (iii) furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyor prospectus; (civ) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies one (1) copy of such registration statement and of each such amendment thereof and supplement thereto (in each case including all exhibitsexhibits and documents filed therewith), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, such documents, if any, incorporated by reference in such registration statement or prospectus, and such other documents, documents as such seller may reasonably request; (dv) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) unless such registration or qualification is not required, and to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iii) to take do any and all other action which acts and things that may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold its Registrable Securities covered by such sellersregistration statement, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not not, but for the requirements of this subdivision (d) v), be obligated to be so qualified qualified, or to subject itself to taxation in any such jurisdiction, or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (gvi) notify each seller of Registrable Securities of any stop order issued or threatened by the SEC and take all reasonable action required to prevent the entry of such stop order or to remove it if entered; (vii) if such registration statement relates to an Underwritten Offering: (A) enter into an underwriting agreement with the underwriters for such offering containing such representations and warranties by the Company and such other terms as are generally prevailing in underwriting agreements of the same type, including indemnities to the effect and to the extent provided in Section 6; and (B) obtain and furnish to each seller of Registrable Securities a signed counterpart, addressed to such seller, of the legal opinions and accountants’ comfort letters which are to be delivered to the underwriters; (viii) make available for inspection by any seller of Registrable Securities, any underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other agent retained by any such seller or underwriter, all financial and other records, pertinent corporate documents and properties of the Company, and cause the Company’s officers, directors, employees and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; (ix) promptly notify each seller whose Registrable Securities are covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (hx) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security securities holders, as soon as reasonably practicable, an earnings earning statement covering the period of at least twelve (12) months, but not more than eighteen (18) months, beginning with the first full calendar month of the first fiscal quarter after the effective date of such registration statement, which earnings earning statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (ixi) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, to be listed on any national each securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as ; (xii) use commercially reasonable efforts to which any registration is being effected cause its management to furnish participate fully in the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement sale process relating to such offering, including the preparation of the applicable registration statement and the preparation and presentation of any domestic “road shows”; and (xiii) take all such other commercially reasonable actions as are necessary or advisable to expedite or facilitate the disposition of the Registrable Securities until covered by such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeregistration statement.

Appears in 2 contracts

Samples: Registration Rights Agreement (Midland States Bancorp, Inc.), Registration Rights Agreement (Midland States Bancorp, Inc.)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts or elects to effect the any registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2 and 1.23 hereof, the Company will, as expeditiously as possibleshall: (a) promptly prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission Commission, the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become and remain effective; PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which that are not shares of Registrable Securities Common Stock (and, under the circumstances specified in Section 1.2(a)Sections 3 and 8(b) hereof, its securities which that are shares of Registrable SecuritiesCommon Stock) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable Securities Common Stock covered by such registration statement until such time as all of such Registrable Securities have Common Stock has been disposed of in accordance with the intended methods method of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDprovided that, that except with respect to any Shelf Registration, such period need not extend beyond 180 days after the effective date of the registration statement filed pursuant statement; and provided, further, that with respect to Rule 415 under the Securities Actany Shelf Registration, such period need not exceed the number of days set forth applicable period provided for in Rule 3-12(g) of Regulation S-X that applies to the CompanySection 2(f); (c) furnish to each seller of Registrable Securities covered by such registration statementSelling Holder and each underwriter, if any, such number of copies of such drafts and final conformed copies versions of such registration statement and of each such amendment and supplement thereto (in each case including all exhibitsexhibits and any documents incorporated by reference), such number of copies of such drafts and final versions of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under pursuant to Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller the Selling Holders or any underwriter may reasonably requestrequest in writing; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities Common Stock and other securities securities, if any, covered by such registration statement under such other securities or blue sky laws of such States states or other jurisdictions of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement Selling Holders shall reasonably requestrequest in writing, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iii) to take any other action which that may be reasonably necessary or reasonably advisable to enable such sellers Selling Holders to consummate the disposition in such jurisdictions of the securities to be sold by such sellersSelling Holders, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (dSection 5(d) be obligated to be so qualified qualified, to subject itself to taxation in such jurisdiction or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all shares of Registrable Securities Common Stock and other securities, if any, covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller Selling Holder or sellers of Registrable Securities Selling Holders to enable the seller Selling Holder or sellers thereof Selling Holders to consummate the disposition of such Registrable SecuritiesCommon Stock; (f) use its reasonable best efforts to obtain and, if obtained, furnish at the effective date of such registration statement to each seller of Registrable SecuritiesSelling Holder, and each such seller's underwritersunderwriter, if any, a signed counterpart copy, addressed to each such Selling Holder and each underwriter, of: (i) an opinion or opinions of counsel for the Company, dated the effective date of such registration statement (and, if applicablesuch registration involves an underwritten offering, dated the date of the closing under the underwriting agreement), reasonably satisfactory (based on the form and substance of opinions of issuers’ counsel customarily given in such an offering) in form and substance to such Selling Holder and underwriter, and (ii) a "comfort" comfort letter or comfort letters, dated the effective date of such registration statement (and, if such registration involves an underwritten offering, dated the date of the closing under the underwriting agreement) and signed by the independent registered public accountants who have certified the Company's ’s financial statements included or incorporated by reference in such registration statement, covering substantially reasonably satisfactory (based on the same matters with respect form and substance of comfort letters of issuers’ independent registered public accountants customarily given in such an offering) in form and substance to such registration statement (Selling Holder and the prospectus included therein) andunderwriter, in the case of the accountants' comfort lettereach case, with respect to events subsequent to the date of covering such financial statements, matters as are customarily covered in opinions of issuer's issuers’ counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably requestsecurities; (g) notify each seller of Registrable Securities covered by Selling Holder and the managing underwriter or underwriters, if any, promptly, and confirm such advice promptly in writing thereafter (i) when the registration statement, the prospectus or any prospectus supplement related thereto or post-effective amendment to the registration statement has been filed and, with respect to the registration statement and any post-effective amendment, when the same has become effective; (ii) of any request by the Commission for amendments or supplements to the registration statement or prospectus or for additional information; (iii) of the issuance by the Commission of any stop order suspending the effectiveness of the registration statement or the initiation of any proceedings by any Person for that purpose; (iv) if at any time any of the representations and warranties of the Company made as contemplated by Section 6(a) ceases to be true and correct; and (v) of the receipt by the Company of any notification with respect to the suspension of the registration or qualification of any Registrable Common Stock for sale under the securities or blue sky laws of any jurisdiction or the initiation or threat of any proceeding for such purpose; (h) notify each Selling Holder and the managing underwriter or underwriters, if any, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and and, at the written request of any such seller Selling Holder or underwriter, promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus prospectus, as supplemented or amended, shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; provided that, in the event the Company shall give such notice, the Company shall extend the period for which such registration shall remain effective by the number of Business Days during the period from and including the date of the giving of such notice to the date when the Company makes available to the Selling Holders and underwriter such supplemented and amended prospectus; (hi) otherwise use its reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a registration statement relating to the Registrable Common Stock at the earliest possible moment; (j) otherwise comply with all applicable rules and regulations of the Commission, and, if required, Commission and any other governmental agency or authority having jurisdiction over the offering; make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly ; furnish to each such seller of Registrable Securities Selling Holder and to the managing underwriter or managing underwriters, if any, at least 10 days prior to the filing thereof with the Commission a copy of any amendment or supplement to such registration statement or prospectus; and not file with the Commission any amendment or supplement thereof that does not comply in all material respects with the requirements of the Securities Act or the rules and regulations thereunder; (ik) use its reasonable best efforts to cause all shares of Registrable Common Stock covered by a registration statement to be listed or quoted on each securities exchange or inter-dealer automated quotation system on which similar securities issued by the Company are then listed or quoted; (l) provide and cause to be maintained maintain a transfer agent and registrar (which, in each case, may be for the Company) for all shares of Registrable Securities Common Stock covered by such a registration statement from and after a date not no later than the effective date of such registration; andthereof; (jm) use its reasonable best efforts to list all enter into such agreements (including, in the case of an underwritten offering, an underwriting agreement in customary form) and take such other actions as the Selling Holders (other than any Management Holders) holding a majority of the shares of Registrable Securities Common Stock covered by such registration statement on (excluding any national securities exchange on which such shares held by Management Holders) shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities Common Stock, including customary indemnification; (n) if requested by the managing underwriter or the Selling Holders (other than any Management Holders) holding a majority of the same class covered shares of Registrable Common Stock being sold in connection with an underwritten Public Offering (excluding any such shares held by Management Holders), promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or the Selling Holders (other than any Management Holders) holding a majority of the Registrable Common Stock being sold (excluding any such shares held by Management Holders) agree should be included therein relating to the plan of distribution with respect to such Registrable Common Stock, including without limitation, information with respect to the number of shares of Registrable Common Stock being sold to such underwriters, the purchase price being paid therefore by such registration statement are then listed andunderwriters and with respect to any other terms of the underwritten offering of the Registrable Common Stock to be sold in such offering, and make all required filings of such prospectus supplement or post-effective amendment as soon as notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; (o) if requested by the Selling Holders (other than any Management Holders) holding a majority of the shares of Registrable Common Stock being sold (excluding any such shares held by Management Holders), cooperate with the Selling Holders and the managing underwriter, if no any, to facilitate the timely preparation and delivery of certificates representing the shares of Registrable Common Stock to be sold and not bearing any restrictive legends, and enable such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller to be in such share amounts and registered in such names as the managing underwriter or, if none, the Selling Holders (other than any Management Holders) holding a majority of the shares of Registrable Securities as Common Stock being sold (excluding any such shares held by Management Holders), may request at least three Business Days prior to which any sale of Registrable Common Stock to the underwriters; and (p) cause representatives of the Company to participate in any “road show” or “road shows” reasonably requested by any managing underwriter of an underwritten Public Offering of Registrable Common Stock. As a condition to the obligations of the Company to effect any registration is being effected pursuant to this Agreement with respect to the Registrable Common Stock of a Selling Holder, such Selling Holder must furnish to the Company in writing such information regarding such seller itself, the Registrable Common Stock held by it and the distribution intended methods of disposition of the Registrable Common Stock held by it as is necessary to effect the registration of such securities as Selling Holder’s Registrable Common Stock and is requested in writing by the Company. At least 30 days prior to the anticipated filing date of a registration statement for any registration under this Agreement, the Company will notify in writing each Holder of the information referred to in the preceding sentence that the Company is requesting from that Holder whether or not such Holder has elected to have any of its Registrable Common Stock included in the registration statement. If, within 10 days prior to the anticipated filing date, the Company has not received the requested information from a Holder, then the Company may from time to time reasonably request in writingfile the Registration Statement without including the shares of Registrable Common Stock of that Holder. Each holder Holder agrees that as of the date that a final prospectus is made available to it for distribution to prospective purchasers of Registrable Securities agrees by acquisition Common Stock it shall cease to distribute copies of any preliminary prospectus prepared in connection with the offer and sale of such Registrable Securities Common Stock. Each Holder further agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.35(h), such holder will Holder shall forthwith discontinue such holder's Holder’s disposition of Registrable Securities Common Stock pursuant to the registration statement relating to such Registrable Securities Common Stock until such holder's Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gunder Section 5(h) of this Section 1.3 and, if so directed by the Company, will shall deliver to the Company (at the Company's ’s expense) all copies, other than permanent file copies, then in such holder's Holder’s possession of the prospectus relating to such Registrable Securities Common Stock current at the time of receipt of such notice. If any event of the kind described in Section 5(h) occurs and such event is the fault solely of a Selling Holder (or Selling Holders), such Selling Holder (or Selling Holders) shall pay all Expenses attributable to the preparation, filing and delivery of any supplemented or amended prospectus contemplated by Section 5(h).

Appears in 2 contracts

Samples: Registration Rights Agreement (Curative Health Services Inc), Registration Rights Agreement (Curative Health Services Inc)

Registration Procedures. If and whenever the Company is required to use its commercially reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, will as expeditiously as possible: (a) use commercially reasonable efforts to prepare and (within 90 45 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration registration, and thereafter use its commercially reasonable best efforts to cause such registration statement to become effectiveeffective within 60 days after filing; PROVIDED, HOWEVERprovided, that before filing such registration statement or any amendments thereto, the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior will furnish to the effective date Shareholder copies of the registration statement relating theretoall such documents proposed to be filed; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement continuously effective for a period of either (i) not more than two years (subject to extension pursuant to the last paragraph of this Section 2.3) or, if such registration statement relates to an underwritten offering, such longer period as in the opinion of counsel for the underwriters a prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer or (ii) such shorter period as will terminate when all of the securities covered by such registration statement have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement (but in any event not before the expiration of any longer period required under the Securities Act), and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities covered by such registration statement, the Shareholder such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documentsdocuments in order to facilitate the disposition of the Registrable Securities owned by the Shareholder, as such seller the Shareholder may reasonably request; (d) use its commercially reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement Shareholder shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers the Shareholder to consummate the disposition in such jurisdictions of the securities to be sold by in such sellersjurisdictions; provided, except that the Company shall not for any such purpose be required to (i) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision Section 2.3(d), (dii) be obligated to be so qualified or to consent to general service of process in any such jurisdiction or (iii) subject itself to taxation in such jurisdiction; (e) use its commercially reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in by virtue of the opinion business and operations of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof Shareholder to consummate the disposition of such Registrable Securities; (f) furnish at promptly notify the effective date of such registration statement to each seller of Registrable SecuritiesShareholder, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the discovery of the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller promptly the Shareholder prepare and furnish to it the Shareholder a reasonable number of copies copy of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hg) otherwise use its commercially reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, Commission and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the a period of at least twelve 12 months, but not more than eighteen 18 months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunderAct, and promptly will furnish to each such seller of Registrable Securities the Shareholder at least five business days prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectus; (ih) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registrationregistration statement; (i) obtain one or more comfort letters, dated the effective date of such registration statement (and, if such registration includes an underwritten public offering, dated the date of the closing under the underwriting), signed by the Company's independent public accountants in customary form and covering such matters customarily covered by comfort letters as the Shareholder reasonably requests (provided that such Registrable Securities constitute at least 10% of the securities covered by such registration statement); and (j) use its reasonable best efforts to list all Registrable Securities covered by obtain a legal opinion of the Company's counsel, dated the effective date of such registration statement on any national securities exchange on which Registrable Securities (or, if such registration includes an underwritten public offering, dated the date of the same class closing under the underwriting agreement) as required by the underwriters, if any, or, if such registration does not include an underwritten public offering, in customary form and covering such matters customarily covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which opinion letters as the Common Stock is then listedShareholder reasonably requests. The Company may require each seller of Registrable Securities as to which any registration is being effected to Shareholder shall furnish the Company with such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request request, including, without limitation, any financial information that the Shareholder has or has used in writing. Each holder the Business to assist the Company in the preparation of financial statements, if any, that are required pursuant to the Commission's rules and regulations, within a reasonable time prior to the Company's preparation of a registration statement with respect to the Registrable Securities or any other filing that the Company is required to make with the Commission. The Shareholder agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.32.3(f), such holder the Shareholder will forthwith promptly discontinue such holderthe Shareholder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holderthe Shareholder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gSection 2.3(f) of this Section 1.3 and, if so directed by the Company, the Shareholder will use its reasonable efforts to deliver to the Company (at the Company's expense) all copies, other than permanent file copies, copies then in such holderthe Shareholder's possession possession, of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. In addition, the Company may postpone the filing or effectiveness of a registration, or suspend the use of a registration statement, upon written notice to the Shareholder (which notice need not disclose the reason for such postponement or suspension), for a period not to exceed 90 days, if the Company reasonably believes that such registration might reasonably be expected to have a material adverse effect on any proposal or plan to engage in any material acquisition of assets or capital stock or any material merger, consolidation, tender offer or similar transaction or would otherwise require disclosure of material, nonpublic information which the Board of Directors of the Company reasonably determines should not be disclosed. In the event the Company shall give any such notice, the applicable time periods set forth above regarding the filing and effectiveness of registration statements required hereunder shall be extended by the number of days during the period from and including the date of the giving of such notice to and including the date when the Shareholder shall have received the supplemented or amended prospectus contemplated by Section 2.3(f) or the end of the postponement or suspension period (which, if not specified in the Company's notice of such postponement or suspension, the Company shall promptly provide upon the termination of the event giving rise to the postponement or suspension). The Shareholder agrees that, during any period during which the use of a registration statement is suspended, it shall not make any offers or sales of Registrable Securities under such registration statement. In the event that a registration statement covering the Registrable Securities is not declared effective by the Commission within eight months of the date hereof, the provisions of Article III and Article IV shall no longer apply. Without limiting the remedies available to the Shareholder, the Company acknowledges that any failure to comply with its obligations hereunder may result in material irreparable injury to the Shareholder for which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of any such default, the Shareholder may obtain such relief as may be requires to specifically enforce the Company's obligations hereunder.

Appears in 2 contracts

Samples: Shareholder Agreements (International Textile Group Inc), Registration Rights and Shareholder Agreement (Culp Inc)

Registration Procedures. If and whenever Whenever any Person requests that any Registrable Securities be registered pursuant to this Section 8, subject to the provisions of this Section 8, the Company is required to shall use its reasonable best efforts to effect the registration and the sale of any such Registrable Securities under in accordance with the Securities Act intended method of disposition thereof as provided quickly as practicable, and, in Sections 1.1 and 1.2connection with any such request: (i) Prior to filing a registration statement or prospectus or any amendment or supplement thereto, the Company willshall furnish to each participating Person and each underwriter, as expeditiously as possible: (a) prepare and (within 90 days after the end if any, of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement as proposed to be filed, and thereafter the Company shall furnish to such Person and underwriter, if any, such number of copies of such registration statement, each such amendment and supplement thereto (in each case including all exhibitsexhibits thereto and documents incorporated by reference therein), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 or Rule 430A under the Securities Act, in conformity with the requirements of the Securities Act, 1933 Act and such other documentsdocuments as such Person or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Person. (ii) After the filing of the registration statement, the Company shall (x) cause the related prospectus to be supplemented by any required prospectus supplement, and, as so supplemented, to be filed pursuant to Rule 424 under the 1933 Act and shall incorporate such seller may reasonably request;information as the managing underwriter or underwriters agree should be included therein relating to the plan of distribution, (y) comply with the provisions of the 1933 Act with respect to the disposition of all Registrable Securities covered by such registration statement during the applicable period in accordance with the intended methods of disposition set forth in such registration statement or supplement to such prospectus and (z) promptly notify each Person holding Registrable Securities covered by such registration statement of any stop order issued or threatened by the Securities and Exchange Commission (the “SEC”) or any state securities commission and take all reasonable actions required to prevent the entry of such stop order or to remove it if entered. (diii) The Company shall use its reasonable best efforts to (ix) to register or qualify all the Registrable Securities and other securities covered by such registration statement under such other securities or blue sky sky” laws of such States of jurisdictions in the United States of America where an exemption is not available and as the sellers of any Person holding such Registrable Securities covered reasonably (in light of such Person’s intended plan of distribution) requests and (y) cause such Registrable Securities to be registered with or approved by such registration statement shall reasonably request, (ii) to keep such registration other governmental agencies or qualification in effect for so long authorities as such registration statement remains in effect, may be necessary by virtue of the business and (iii) to take operations of the Company and do any and all other action which acts and things that may be reasonably necessary or advisable to enable such sellers Person to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersPerson; provided, except that the Company shall not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision Section 8(d)(iii), (dB) be obligated subject itself to be so qualified taxation in any such jurisdiction or to (C) consent to general service of process in any such jurisdiction;. (eiv) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the The Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of or such registration statement, which earnings statement other document that shall satisfy the provisions of Section 11(a) of the Securities 1933 Act and Rule 158 promulgated thereunder, and promptly furnish to . The Company shall cooperate with each such seller of Registrable Securities a copy and each underwriter, if any, participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings to be made with the Financial Industry Regulatory Authority, Inc. (v) Each Person agrees that at the time that such Person is holding Registrable Securities, upon receipt of any written notice from the Company of the occurrence of any event requiring the preparation of a supplement or amendment or supplement of a prospectus relating to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by a registration statement that is required to be delivered under the 1933 Act so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or to make the statements therein not misleading, such Person shall forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Person’s receipt of the copies of a supplemented or amended prospectus, and, if so directed by the Company, such Person shall deliver to the Company all copies, other than any permanent file copies then in such Person’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. If the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained effective by the number of days during the period from and after a date not later than including the effective date of the giving of notice pursuant to this Section 8(d)(v) to the date when the Company shall make available to such registration; andPerson a prospectus supplemented or amended to conform with the requirements of this Section 8(d)(v). (jvi) The Company shall use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange or quotation system on which any of the Registrable Securities of the same class covered by such registration statement are then listed and, or traded and if no such none of the Registrable Securities are so listed, on any securities exchange or quotation system on which similar securities issued by the Company are then listed, and if no such similar securities are listed, on any national securities exchange on which the Common Stock is then listed. exchange. (vii) The Company may require each seller shall have appropriate officers of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (x) prepare and make presentations at any “road shows” and before analysts and rating agencies, as the Company's expensecase may be, (y) all copiestake other reasonable actions to obtain ratings for any Registrable Securities and (z) otherwise use their reasonable best efforts to cooperate as requested by the underwriters in the offering, other than permanent file copies, then in such holder's possession marketing or selling of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeSecurities.

Appears in 2 contracts

Samples: Management Stockholders Agreement, Management Stockholders Agreement (Amc Entertainment Holdings, Inc.)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the 4 6 Securities Act as provided in Sections 1.1 and 1.2Section 2.1, 2.2 or 2.8, the Company will, will as expeditiously as possible: (a) in the case of a registration pursuant to Section 2.1 or 2.2, prepare and (as soon as practicable, and in any event within 90 75 days in the case of Form S-1 or S-2 and 30 days in the case of a registration requested on Form S-3 after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERprovided, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until for such time period as shall be required for the disposition of all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDSecurities, provided, that except with respect to any such in the case of a registration statement filed pursuant to Rule 415 under the Securities ActSection 2.1 or 2.2, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company90 days; (c) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (d) use its reasonable best efforts efforts: (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States states of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, ; (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and ; and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) in the case of a registration pursuant to Section 2.1 or 2.2, furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, Securities a signed counterpart of: of (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and Company and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, statement covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' accountant's comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' accountant's comfort letters delivered to the underwriters in underwritten public offerings of securities (and dated the dates such opinions and comfort letters are customarily dated) and, in the case of the accountants' accountant's comfort letter, such other financial matters, and, and in the case of the legal opinion, such other legal matters, as the underwriters sellers of a majority of the Registrable Securities covered by such registration statement, or the underwriters, may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, in the judgment of the Company, the prospectus included in such 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 circum- stances under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, in the judgment of the Company, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange or national quotations system on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company in writing as promptly as reasonably practicable such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities Holder agrees by acquisition of such Registrable Securities that, that upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.32.3, such holder Holder will forthwith discontinue such holderHolder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holderHolder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.amended

Appears in 2 contracts

Samples: Registration Rights Agreement (Krauses Furniture Inc), Registration Rights Agreement (Th Lee Putnam Internet Fund Advisors LLC)

Registration Procedures. If and whenever Whenever any Stockholders request that any Registrable Securities be registered pursuant to Section 1.01 or 1.02 hereof, subject to the provisions of such Sections, the Company is required to shall use its reasonable best efforts to effect the registration and the sale of any such Registrable Securities under in accordance with the Securities Act intended method of disposition thereof as provided quickly as practicable, and, in Sections 1.1 and 1.2, the Company will, as expeditiously as possibleconnection with any such request: (a) The Company shall as expeditiously as possible prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite SEC a registration statement on any form for which the Company then qualifies or that counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities to effect such registration be registered thereunder in accordance with the intended method of distribution thereof, and thereafter use its reasonable best efforts to cause such filed registration statement to become effective; PROVIDEDand remain effective for a period of not less than 180 days, HOWEVERor in the case of a shelf registration statement, that one (1) year (or such shorter period in which all of the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the Registering Stockholders included in such registration statement relating thereto;shall have actually been sold thereunder). (b) prepare and file with the Commission such amendments and supplements Prior to such filing a registration statement or prospectus or any amendment or supplement thereto, the Company shall, if requested, furnish to each participating Stockholder and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions each underwriter, if any, of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement as proposed to be filed, and thereafter the Company shall furnish to such Stockholder and underwriter, if any, such number of copies of such registration statement, each such amendment and supplement thereto (in each case including all exhibitsexhibits thereto and documents incorporated by reference therein), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 or Rule 430A (or any similar provision then in force) under the Securities Act and such other documents as such Stockholder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Stockholder. (c) After the filing of the registration statement, the Company shall (i) cause the related prospectus to be supplemented by any required prospectus supplement, and, as so supplemented, to be filed pursuant to Rule 424 or any similar provision then in force under the Securities Act, in conformity (ii) comply with the requirements provisions of the Securities Act, Act and Exchange Act with respect to the disposition of all Registrable Securities covered by such other documents, as registration statement during the applicable period in accordance with the intended methods of disposition by the Registering Stockholders thereof set forth in such seller may reasonably request;registration statement or supplement to such prospectus and (iii) promptly notify the Registering Stockholders holding Registrable Securities covered by such registration statement of any stop order issued or threatened by the SEC or any state securities commission and take all reasonable actions required to prevent the entry of such stop order or to remove it if entered. (d) The Company shall use its reasonable best efforts to (i) to register or qualify all the Registrable Securities and other securities covered by such registration statement under such other securities or blue sky sky” laws of such States of jurisdictions in the United States of America where an exemption is not available and as the sellers of Registering Stockholders holding such Registrable Securities covered by reasonably (in light of such registration statement shall reasonably request, Stockholder’s intended plan of distribution) requests and (ii) cause such Registrable Securities to keep be registered with or approved by such registration other governmental agencies or qualification in effect for so long authorities as such registration statement remains in effect, may be necessary by virtue of the business and (iii) to take operations of the Company and do any and all other action which acts and things that may be reasonably necessary or advisable to enable such sellers Stockholder to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellers, except Stockholder; provided that the Company shall not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision Section 1.05(d), (dB) be obligated subject itself to be so qualified taxation in any such jurisdiction or to (C) consent to general service of process in any such jurisdiction;. (e) use its reasonable best efforts to cause all The Company shall immediately notify each Registering Stockholders holding such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, or upon as thereafter delivered to the happening purchasers of any event as a result of whichsuch Registrable Securities, the such prospectus included in such registration statement, as then in effect, includes will not contain an untrue statement of a material fact or omits omit 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 under which they were made, misleading and at the request of any such seller promptly prepare and furnish make available to it each such Stockholder and file with the SEC any such supplement or amendment. (f) (i) Oak Hill shall have the right, in its sole discretion, to select the underwriter or underwriters in connection with any Public Offering resulting from a reasonable number Demand Registration, which underwriter or underwriters may include any Affiliate of copies Oak Hill, and (ii) the Company shall select an underwriter or underwriters in connection with any other Public Offering. In connection with any Public Offering, the Company shall enter into customary agreements (including an underwriting agreement in customary form) and take all such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities in any such Public Offering, including the engagement of a supplement “qualified independent underwriter” in connection with the qualification of the underwriting arrangements with FINRA. (g) The Company shall make available for inspection by the Registering Stockholders and any underwriter participating in any disposition pursuant to a registration statement being filed by the Company pursuant to this Section 1.05 and any attorney, accountant or an amendment other professional retained by any such Stockholder or underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as shall be reasonably necessary or desirable to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any Inspectors in connection with such registration statement. Records that the Company determines, in good faith, to be confidential and that it notifies the Inspectors are confidential shall not be disclosed by the Inspectors unless (i) the disclosure of such prospectus Records is necessary to avoid or correct a misstatement or omission in such registration statement or (ii) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction. Each Registering Stockholder agrees that information obtained by it as may a result of such inspections shall be necessary so deemed confidential and shall not be used by it or its Affiliates as the basis for any market transactions in the Company Securities unless and until such information is made generally available to the public. Each Registering Stockholder further agrees that, as thereafter delivered upon learning that disclosure of such Records is sought in a court of competent jurisdiction, it shall give notice to the purchasers of such securitiesCompany and allow the Company, such prospectus shall not include an untrue statement of a material fact or omit at its expense, to state a material fact required undertake appropriate action to be stated therein or necessary to make the statements therein not misleading in the light prevent disclosure of the circumstances under which they were made;Records deemed confidential. (h) The Company shall furnish to each Registering Stockholder and to each such underwriter, if any, a signed counterpart, addressed to such Stockholder or underwriter, of (i) an opinion or opinions of counsel to the Company and (ii) a comfort letter or comfort letters from the Company’s independent public accountants, each in customary form and covering such matters of the kind customarily covered by opinions or comfort letters, as the case may be, as a majority of such Stockholders or the managing underwriter reasonably requests. (i) The Company shall otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings earning statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of or such registration statement, which earnings statement other document that shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and . (j) The Company may require each Registering Stockholder promptly to furnish in writing to each the Company such seller information regarding the distribution of the Registrable Securities a copy as the Company may from time to time request and such other information as may be legally required in connection with such registration. (k) Each Registering Stockholder agrees that, upon receipt of any written notice from the Company of the occurrence of any event requiring the preparation of a supplement or amendment or supplement of a prospectus relating to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by a registration statement that is required to be delivered under the Securities Act so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or to make the statements therein not misleading, such Stockholder shall forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Stockholder’s receipt of the copies of a supplemented or amended prospectus, and, if so directed by the Company, such Stockholder shall deliver to the Company all copies, other than any permanent file copies then in such Stockholder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. If the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained effective (including the period referred to in Section 1.05(a)) by the number of days during the period from and after a date not later than including the effective date of the giving of notice pursuant to Section 1.05(e) to the date when the Company shall make available to such registration; andStockholder a prospectus supplemented or amended to conform with the requirements of Section 1.05(e). (jl) The Company shall use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange or quotation system on which any of the Registrable Securities of the same class covered by such registration statement are then listed and, if no or traded and to maintain such listing so long as any such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. remain outstanding. (m) The Company may require each seller shall have appropriate officers of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (i) prepare and make presentations at any “road shows” and before analysts and rating agencies, as the Company's expensecase may be, (ii) all copiestake other actions to obtain ratings for any Registrable Securities and (iii) otherwise use their reasonable efforts to cooperate as requested by the underwriters in the offering, other than permanent file copies, then in such holder's possession marketing or selling of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeSecurities.

Appears in 2 contracts

Samples: Registration Rights Agreement (Dave & Buster's Entertainment, Inc.), Registration Rights Agreement (Dave & Buster's Entertainment, Inc.)

Registration Procedures. If and whenever Upon the receipt of a request for registration of any Registrable Securities pursuant to Section 2 or Section 3 of this Agreement, Company is required to will use its reasonable best efforts to effect the registration of any the Registrable Securities under in accordance with the Securities Act as provided in Sections 1.1 intended method of disposition thereof, and 1.2, the pursuant thereto Company will, will as expeditiously as possible: (a) prepare 9.1.1 Prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite a registration statement to effect such registration on an appropriate form under the Securities Act and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERprovided, that before filing a registration statement or prospectus or any amendments or supplements thereto, including documents incorporated by reference after the Company may discontinue initial filing of any registration statement, Company will promptly furnish to the holders of its securities which are not Registrable Securities to be registered and sold pursuant to this Agreement (andthe “Registered Holders”) and the underwriters, under the circumstances specified in Section 1.2(a)if any, its securities copies of all such documents proposed to be filed, which are Registrable Securities) at any time prior documents will be subject to the effective date review of the Registered Holders and the underwriters, and Company will not file any registration statement relating or amendment thereto;, or any prospectus or any supplement thereto (including such documents incorporated by reference) to which the Registered Holders or the underwriters, if any, shall reasonably object in light of the requirements of the Securities Act and any other applicable laws and regulations. (b) prepare 9.1.2 Prepare and file with the Commission such amendments and supplements post-effective amendments to such a registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for the applicable period; cause the related prospectus to be filed pursuant to Rule 424(b) (or any successor provision) under the Securities Act; cause such prospectus to be supplemented by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424(b) (or any successor provision) under the Securities Act; and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of during the applicable period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect statement or supplement to any such registration statement filed pursuant to Rule 415 under prospectus. 9.1.3 Notify the Securities Act, such period need not exceed Registered Holders and the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's managing underwriters, if any, a signed counterpart of: promptly, and (if requested by any such person) confirm such advice in writing, (i) an opinion of counsel for the Company, dated the when a prospectus or any prospectus supplement or post-effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreementamendment has been filed, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent a registration statement or any post-effective amendment, when the same has become effective, (ii) of any request by the Commission for amendments or supplements to the date of such financial statementsa registration statement or related prospectus or for additional information, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case (iii) of the accountants' comfort letter, such other financial matters, and, in issuance by the case Commission of any stop order suspending the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller effectiveness of Registrable Securities covered by such a registration statement or the initiation of any proceeding for that purpose, (iv) if at any time when a prospectus relating thereto is required the representations and warranties of Company contemplated by subsection 9.1.10 cease to be delivered under true and correct, (v) of the receipt by Company of any notification with respect to the suspension or qualification of any of the Registrable Securities Actfor sale in any jurisdiction or the initiation of any proceeding for such purpose, upon discovery that, or upon (vi) of the happening of any event as which requires the making of any changes in a result of which, the registration statement or related prospectus included in so that such registration statement, as then in effect, includes an documents will not contain any untrue statement of a material fact or omits omit to state any material fact required to be stated therein or necessary to make the statements therein not misleadingmisleading and (vii) of Company’s reasonable determination that a post-effective amendment to a registration statement would be appropriate or that there exist circumstances not yet disclosed to the public which make further sales under such registration statement inadvisable pending such disclosures and post-effective amendment. 9.1.4 Make reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of a registration statement, in or the light lifting of any suspension of the circumstances under which they were madequalification of any of the Registrable Securities for sale in any jurisdiction, and at the request earliest possible moment. 9.1.5 If requested by the managing underwriters or the Registered Holders in connection with an underwritten offering, immediately incorporate in a prospectus supplement or post effective amendment such information as the managing underwriters and the Registered Holders agree should be included therein relating to such sale and distribution of any such seller promptly prepare and furnish Registrable Securities, including, without limitation, information with respect to it a reasonable the number of copies shares of a supplement Registrable Securities being sold to such underwriters and the purchase price being paid therefor by such underwriters and with respect to any other terms of the underwritten (or an amendment best efforts underwritten) offering of the Registrable Securities to be sold in such offering; make all required filings of such prospectus supplement or post-effective amendment as soon as notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; and supplement or make amendments to any registration statement if requested by the Registered Holders or any underwriter of such Registrable Securities. 9.1.6 Furnish to the Registered Holders and each managing underwriter, if any, without charge, at least one signed copy of the registration statement, any post-effective amendment thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits (including those incorporated by reference). 9.1.7 Deliver without charge to the Registered Holders and the underwriters, if any, as many copies of the prospectus or prospectuses (including each preliminary prospectus) and any amendment or supplement thereto as such persons may reasonably request; and Company consents to the use of such prospectus or any amendment or supplement thereto by such Registered Holders and the underwriters, if any, in connection with the offer and sale of the Registrable Securities covered by such prospectus or any amendment or supplement thereto. 9.1.8 Prior to any public offering of Registrable Securities, register or qualify or cooperate with the Registered Holders, the underwriters, if any, and respective counsel in connection with the registration or qualification of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions as the Registered Holders or an underwriter reasonably requests in writing; keep each such registration or qualification effective during the period such registration statement is required to be kept effective and do any and all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the Registrable Securities covered by the applicable registration statement; provided, however, that Company will not be required in connection therewith or as a condition thereto to qualify generally to do business or subject itself to general service of process in any such jurisdiction where it is not then so subject. 9.1.9 Upon the occurrence of any event contemplated by subsection 9.1.3 (ii) - (vii) above, prepare, to the extent required, a supplement or post-effective amendment to the applicable registration statement or related prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the purchasers purchaser of such securitiesthe Registrable Securities being sold thereunder, such prospectus shall will not include contain an untrue statement of a material fact or omit to state a any material fact required to be stated therein or necessary to make the statements therein not misleading misleading. 9.1.10 Enter into such agreements (including an underwriting agreement) and take all such other actions in connection therewith in order to expedite or facilitate the disposition of such Registrable Securities and in such connection, whether or not an underwriting agreement is entered into and whether or not the Registrable Securities to be covered by such registration are to be offered in an underwritten offering: (i) make such representations and warranties to the Registered Holders to the registration statement, prospectus and documents incorporated by reference, if any, in form, substance and scope as are customarily made by issuers to underwriters in underwritten offerings and confirm the same if and when requested; (ii) obtain opinions of counsel to Company and updates thereof with respect to the registration statement and the prospectus in the light form, scope and substance which are customarily delivered in underwritten offerings; (iii) in the case of an underwritten offering, enter into an underwriting agreement in form, scope and substance as is customary in underwritten offerings and obtain opinions of counsel to Company and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriters and the Registered Holders) addressed to the Registered Holders and the underwriters, if any, covering the matters customarily covered in opinions delivered in underwritten offerings and such other matters as may be reasonably requested by the Registered Holders and such underwriters; (iv) obtain “cold comfort” letters and updates thereof from Company’s independent certified public accountants addressed to the Registered Holders and the underwriters, if any, such letters to be in customary form and covering matters of the circumstances type customarily covered in “cold comfort” letters by accountants in connection with underwritten offerings; (v) if any underwriting agreement is entered into, the same shall set forth in full the indemnification provisions and procedures customarily included in underwriting agreements in underwritten offerings; and (vi) Company shall deliver such documents and certificates as may be requested by the Registered Holders and the managing underwriters, if any, to evidence compliance with clause (i) above and with any customary conditions contained in the underwriting agreement or other agreement entered into by Company. The above shall be done at each closing under which they were made;such underwriting or similar agreement or as and to the extent required thereunder. (h) otherwise 9.1.11 Make available for inspection by a representative of the Registered Holders, any underwriter participating in any disposition pursuant to such registration, and any attorney or accountant retained by the Registered Holders or such underwriter, all financial and other records, pertinent corporate documents and properties of Company, and cause Company’s officers, directors and employees to supply all information reasonably requested by any such representative, underwriter, attorney or accountant in connection with such registration; provided that any records, information or documents that are designated by Company in writing as confidential shall be kept confidential by such Persons unless disclosures of such records, information or documents is required by court or administrative order. 9.1.12 Otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, Commission and make generally available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy holders earning statements satisfying the provisions of Section 11(a) of the Securities Act Act, no later than 90 days after the end of any 12-month period (i) commencing at the end of any fiscal quarter in which Registrable Securities are sold to underwriters in a firm or best efforts underwritten offering and Rule 158 promulgated thereunder, and promptly furnish to (ii) beginning with the first day of Company’s first fiscal quarter next succeeding each such seller sale of Registrable Securities after the effective date of a copy registration statement, which statements shall cover said 12-month periods. 9.1.13 If Company, in the exercise of its reasonable judgment, objects to any amendment change reasonably requested by the Registered Holders or supplement the underwriters, if any, to any registration statement or prospectus or any amendments or supplements thereto (including documents incorporated or to be incorporated therein by reference) as provided for in this Section 9, Company shall not be obligated to make any such change and such Registered Holders may withdraw their Registrable Securities from such registration, in which event (i) Company shall pay all registration expenses (including its counsel fees and expenses) incurred in connection with such registration statement or prospectus; amendment thereto or prospectus or supplement thereto, and (iii) provide and cause in the case of a registration being effected pursuant to be maintained a transfer agent and registrar (whichSection 2, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date shall not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities count as one of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock registrations Company is then listed. The Company may require each seller of Registrable Securities as obligated to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities effect pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice2 hereof.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Beta Oil & Gas Inc), Registration Rights Agreement (Beta Oil & Gas Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect In connection with the registration of any ----------------------- Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2section 2, the Company will, shall as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its commercially reasonable best efforts to cause such registration statement to become effectiveand remain effective (subject to clause (ii) below); PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which that are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until for such time period as shall be required for the disposition of all of such Registrable Securities have been disposed Securities; provided, however, that, the foregoing notwithstanding, the Company shall not be required under this item (ii) to maintain the effectiveness of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant for longer than 180 days, or such longer period beyond such 180 days (up to Rule 415 under an aggregate of 270 days) as may be available without requiring the Securities Act, such Company to file any financial statements as of a later date and for a later period need not exceed than the number financial statements that may have been required to maintain the effectiveness of days set forth in Rule 3the registration statement for the 180-12(g) of Regulation S-X that applies to the Companyday period; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, the Holders such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller the Holders may reasonably requestrequest from time to time; (div) use its commercially reasonable best efforts (ix) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States states of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement Holders shall reasonably request, (iiy) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iiiz) to take any other action which that may reasonably be reasonably necessary or advisable to enable such sellers the Holders to consummate the disposition in such jurisdictions of the securities to be sold by such sellersthe Holders, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not not, but for the requirements of this subdivision paragraph (d) iv), be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its commercially reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable SecuritiesSecurities in accordance with their intended method of disposition; (fvi) furnish at to the effective date of such registration statement to each seller of Registrable Securities, and each such seller's Holders' underwriters, if any, a signed counterpart of: (ix) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and and (iiy) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, each covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' accountant's comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' accountant's comfort letters delivered to the underwriters in underwritten public offerings of securities and, in (and dated the case of the accountants' dates such opinions and comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably requestletters are customarily dated); (gvii) immediately notify each seller of Registrable Securities covered by such registration statement at any time the Holders when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller the Holders promptly prepare and furnish to it them a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hviii) otherwise use its commercially reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve 12 months, but not more than eighteen 18 months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish the same to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus;the Holders; and (iix) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected the Holders to furnish the Company such information regarding such seller the Holders and the distribution of such securities the Holders' Registrable Securities as the Company may from time to time reasonably request in writing, based on its reasonable belief that such information is required to be disclosed in the Registration Statement pursuant to the Securities Act and applicable State securities laws. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon Upon receipt of any notice from the Company of the happening of any an event of the kind described in subdivision item (gvii) of this Section 1.3section 3, such holder will the Holders shall forthwith discontinue such holder's their disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's the Holders' receipt of the copies of the supplemented or amended prospectus contemplated by subdivision item (gvii) of this Section 1.3 and, if so directed by the Company, will the Holders shall deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession the Holders' possession, of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Medsource Technologies Inc), Registration Rights Agreement (Medsource Technologies Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect (a) In connection with the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2 and 1.23, the Company will, shall as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effectiveand remain effective (subject to clause (ii) below); PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which that are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until for such time period as shall be required for the disposition of all of such Registrable Securities have been disposed Securities; provided, however, that, the foregoing notwithstanding, the Company shall not be required under this item (ii) to maintain the effectiveness of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant for longer than 180 days, or such longer period beyond such 180 days (up to Rule 415 under an aggregate of 270 days) as may be available without requiring the Securities Act, such Company to file any financial statements as of a later date and for a later period need not exceed than the number financial statements that may have been required to maintain the effectiveness of days set forth in Rule 3the registration statement for the 180-12(g) of Regulation S-X that applies to the Companyday period; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, the Stockholder such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller the Stockholder may reasonably requestrequest from time to time; (div) use its reasonable best efforts (ix) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States states of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement Stockholder shall reasonably request, (iiy) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iiiz) to take any other action which that may reasonably be reasonably necessary or advisable to enable such sellers the Stockholder to consummate the disposition in such jurisdictions of the securities to be sold by such sellersthe Stockholder, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not not, but for the requirements of this subdivision paragraph (d) iv), be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable SecuritiesSecurities in accordance with their intended method of disposition; (fvi) furnish at immediately notify the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time Stockholder when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller the Stockholder promptly prepare and furnish to it them a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made;; and (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (ivii) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and. (jb) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected the Stockholder to furnish the Company such information regarding such seller the Stockholder and the distribution of such securities the Stockholder's Registrable Securities as the Company may from time to time reasonably request in writing. Each holder writing based on its reasonable belief that such information is required to be disclosed in the Registration Statement pursuant to the Securities Act and applicable State securities laws. (c) The Stockholder agrees to furnish to the Company any information regarding the Stockholder and the distribution of the Stockholder's Registrable Securities agrees by acquisition as the Company may from time to time reasonably request in writing in connection with the preparation and filing of such Registrable Securities that, upon a registration statement pursuant to the terms of this Agreement. (d) Upon receipt of any notice from the Company of the happening of any an event of the kind described in subdivision item (gvi) of this Section 1.34, such holder will the Stockholder shall forthwith discontinue such holder's its disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holderthe Stockholder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision item (gvi) of this Section 1.3 and, if so directed by the Company, will the Stockholder shall deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holderthe Stockholder's possession possession, of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Mcy Com Inc /De/), Registration Rights Agreement (Mcy Com Inc /De/)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 2.1 and, as applicable, 2.2, the Company willshall, as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement Registration Statement to effect such registration (including such audited financial statements as may be required by the Securities Act or the rules and regulations promulgated thereunder) and thereafter use its reasonable best efforts to cause such registration statement to become effectivebe declared effective by the Commission, as soon as practicable, but in any event no later than the Required Effectiveness Date (with respect to a registration pursuant to Section 2.1); PROVIDEDprovided, HOWEVERhowever, that before filing such registration statement or any amendments thereto, the Company may discontinue any registration will furnish to the counsel selected by the holders of its securities Registrable Securities which are not Registrable Securities (andto be included in such registration, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior copies of all such documents proposed to the effective date of the registration statement relating theretobe filed; (b) with respect to any Registration Statement pursuant to Section 2.1, prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect in order to permit the disposition of all Registrable Securities covered by such registration statement statement, until the earlier to occur of two (2) years after the date of this Agreement (subject to the right of the Company to suspend the effectiveness thereof for not more than 30 consecutive days or an aggregate of 90 days in such two (2) year period) or such time as all of such Registrable the Securities have been disposed which are the subject of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant cease to Rule 415 under be Registrable Securities (such period, in each case, the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company“Registration Maintenance Period”); (c) furnish to each seller holder of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller holder and underwriter, if any, may reasonably requestrequest in order to facilitate the public sale or other disposition of the Registrable Securities owned by such holder; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities laws or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement any holder thereof shall reasonably request, (ii) to keep such registration registrations or qualification qualifications in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers holder to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersholder, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller holder or sellers holders thereof to consummate the disposition of such Registrable Securities; (f) in connection with an underwritten offering, furnish at the effective date of such registration statement to each seller holder of Registrable SecuritiesSecurities a signed counterpart, addressed to such holder, and each such seller's underwriters, if any, a signed counterpart the underwriters of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and(or, if applicablesuch registration includes an underwritten public offering, an opinion dated the date of the closing under the underwriting agreement), reasonably satisfactory in form and substance to such holder) including that the prospectus and any prospectus supplement forming a part of the Registration Statement does not contain an untrue statement of a material fact or omits a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, and (ii) a "comfort" letter (or, in the case of any such Person which does not satisfy the conditions for receipt of a “comfort” letter specified in Statement on Auditing Standards No. 72, an “agreed upon procedures” letter), dated the effective date of such registration statement (or, if such registration includes an underwritten public offering, a “comfort” letter dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified the Company's ’s financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities (with, in the case of an “agreed upon procedures” letter, such modifications or deletions as may be required under Statement on Auditing Standards No. 35) and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as such holder (or the underwriters underwriters) may reasonably request; (g) notify holders of the Registrable Securities and their respective counsel promptly and confirm such advice in writing promptly after the Company has knowledge thereof: (i) when the Registration Statement, the prospectus or any prospectus supplement related thereto or post-effective amendment to the Registration Statement has been filed, and, with respect to the Registration Statement or any post-effective amendment thereto, when the same has become effective; (ii) of any request by the Commission for amendments or supplements to the Registration Statement or the prospectus or for additional information; (iii) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings by any Person for that purpose; and (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the securities or blue sky laws of any jurisdiction or the initiation or threat of any proceeding for such purpose; (h) notify each seller holder of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller holder promptly prepare and furnish to it such holder a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (hi) use its best efforts to obtain the withdrawal of any order suspending the effectiveness of the Registration Statement at the earliest possible moment; (j) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (ik) provide enter into such agreements and cause take such other actions as the Security Holder shall reasonably request in writing in order to be maintained a transfer agent and registrar (which, in each case, may be expedite or facilitate the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date disposition of such registrationRegistrable Securities; and (jl) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities any of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller holder of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller holder and the distribution of such securities as the Company may from time to time reasonably request in writing. Each The Company will not file any registration statement pursuant to Section 2.1, or amendment thereto or any prospectus or any supplement thereto (including such documents incorporated by reference and proposed to be filed after the initial filing of the Registration Statement) to which the Security Holder shall reasonably object, provided that the Company may file such document in a form required by law or upon the advice of its counsel. The Company represents and warrants to each holder of Registrable Securities that it has obtained all necessary waivers, consents and authorizations necessary to execute this Agreement and consummate the transactions contemplated hereby other than such waivers, consents and/or authorizations specifically contemplated by the Exchange Agreement. The Security Holder agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening occurrence of any event of the kind described in subdivision (gh) of this Section 1.32.3, such holder the Security Holder will forthwith discontinue such holder's its disposition of Registrable Securities pursuant to the registration statement Registration Statement relating to such Registrable Securities until such holder's its receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gh) of this Section 1.3 2.3 and, if so directed by the Company, will deliver to the Company (at the Company's ’s expense) all copies, other than permanent file copies, then in such holder's its possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Apollo Resources International Inc), Registration Rights Agreement (Imperial Petroleum Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect or cause the registration of any Registrable Purchased Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, as expeditiously as possible: (ai) prepare and (and, in any event within 90 days after the end of the period within which requests a request for registration may be is given to the Company or in any event as soon thereafter as practicable) Company, file with the Commission the requisite SEC a registration statement with respect to effect such registration Purchased Securities and thereafter use its reasonable best efforts to cause such registration statement to become effectiveeffective as promptly as possible; PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) is being effected pursuant to an incidental registration at any time anytime prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for so long as the requesting holders of the Purchased Securities shall request, but in no event longer than six (6) months, and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (ciii) furnish to each seller of Registrable such Purchased Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Purchased Securities by such seller; (div) use its reasonable best efforts (i) to register or qualify all Registrable such Purchased Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Purchased Securities owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not where, but for the requirements of this subdivision clause (d) iv), it would not be obligated to be so qualified qualified, to subject itself to taxation in any such jurisdiction, or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable such Purchased Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Purchased Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (gvi) notify each seller of Registrable any such Purchased Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities ActAct within the appropriate period mentioned in clause (ii) of this Section, upon discovery that, or upon of the happening of any event as a result of which, Company's becoming aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller promptly seller, prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment amended of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesPurchased Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (hvii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, practicable (but not more than eighteen fifteen months, beginning with the first full calendar month ) after the effective date of such the registration statement, which an earnings statement which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 the rules and regulations promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (iviii) use its best efforts to list such Purchased Securities on any securities exchange or listing agency on which the Common Stock is then listed or quoted, if such Purchased Securities are not already so listed or quoted and if such listing or quotation is then permitted under the rules of such exchange or agency, and to provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable such Purchased Securities covered by such registration statement from and after a date not later than the effective date of such registrationregistration statement; andenter into such customary agreements (including an underwriting agreement in customary form) and take such other actions as sellers of a majority of such Purchased Securities or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Purchased Securities; (jix) use its reasonable best efforts to list all Registrable make available for inspection by any seller of such Purchased Securities covered by such registration statement on statement, by any national securities exchange on which Registrable Securities of the same class covered by underwriter participating in any disposition to be effected pursuant to such registration statement are then listed andand by any attorney, if no such Registrable Securities are so listed, on accountant or other agent retained by any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller or any such underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the distribution Company, and cause all of the Company's officers, directors and employees to supply all information reasonably requested by any such securities as seller, underwriter, attorney, accountant or agent in connection with such registration statement. (x) the Company may from time defer the demand for registration under Section 9(a) hereof, suspend the use of a registration statement filed under Section 9(a) and (b) hereof and already effective, or not cause a registration statement filed under Section 9(a) or (b) hereof to time reasonably request become effective, for a period of up to ninety (90) days in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company event the majority of the happening Board of any event Directors determines that such deferral is in the best interests of the kind described Company. Such a deferral may only be used once in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeany one year period.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Insurance Services Office Inc), Stock Purchase Agreement (Nam Corp)

Registration Procedures. If and whenever the Company is ----------------------- required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, will as expeditiously promptly as possible: (ai) prepare and (in any event within 90 120 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDprovided, HOWEVERhowever, that before filing with the Commission a registration statement or prospectus or any amendments or supplements thereto, the Company may discontinue any registration will furnish to each Holder of its securities which are not Registrable Securities (and, under the circumstances specified included in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the such registration statement relating theretocopies of such documents proposed to be filed for such Holder's review; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all such Registrable Securities and other securities covered by such registration statement until such time as all of such Registrable Securities and other securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any but in no event for a period of less than 120 days after such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companybecomes effective; (ciii) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities owned by such seller; (div) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other applicable securities or blue sky Blue Sky laws of such States of jurisdictions within the United States of America where an exemption is not available (including territories and commonwealths thereof) as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would is not but for the requirements of this subdivision (d) be obligated so qualified, to be so qualified subject itself to taxation in any such jurisdiction, or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all notify each seller of any such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities ActAct within the period mentioned in subdivision (ii) of this Section 5.5, upon discovery that, or upon of the happening of any event as a result of which, which the prospectus included in such 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, misleading in the light of the circumstances under which they were mademade (and upon receipt of such notice and until a supplemented or amended prospectus as set forth below is available, each such seller shall not offer or sell any securities covered by such registration statement and shall return all copies of such prospectus to the Company if requested to do so by it), and at the request of any such seller promptly prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made;; and (hvi) otherwise use its reasonable best efforts furnish to comply with all applicable rules and regulations each holder for which Registrable Securities are registered or are to be registered at the time of the Commissiondisposition of such Registrable Securities by such holder, and, if required, make available to its security holders, as soon as reasonably practicable, a signed copy of an earnings statement covering the period opinion of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after counsel dated the effective date of such registration statement, which earnings statement shall satisfy reasonably satisfactory in form and substance to the provisions of Section 11(a) three largest such holders (based on their percentage in interest of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy or the largest such holder if such holder's percentage in interest of any amendment the Registrable Securities is equal to or supplement greater than 50%) covering substantially the matters with respect to such registration statement or (and the prospectus; (i, included therein) provide as are customarily covered in opinions of issuers counsel delivered to underwriters in underwritten public offerings of securities; it being understood that such opinion may contain such qualifications and cause to be maintained a transfer agent and registrar (which, assumptions as are customary in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date rendering of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listedsimilar opinions. The Company may require each seller of any Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities Registrable Securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees writing and as shall be required by acquisition of law to effect such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeregistration.

Appears in 2 contracts

Samples: Stockholders Agreement (Genesis Direct Inc), Stockholders Agreement (Genesis Direct Inc)

Registration Procedures. (a) If and whenever the Company is required to use its reasonable best efforts to effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 4.1 or 4.2, the Company will, as expeditiously as possible: (ai) prepare and (Prepare and, in any event within 90 60 calendar days after the end of the period within which requests for registration may be given to the Company Company, (or in any the event as soon thereafter as practicable) that the Company has postponed a registration statement pursuant to Section 4.1(a), not later than 30 days after the date to which the Company postponed such registration statement), file with the Commission the requisite a registration statement with respect to effect such registration Registrable Securities and thereafter use its commercially reasonable best efforts to cause such registration statement to become and remain effective; PROVIDEDprovided, HOWEVERthat in the case of a registration provided for in Section 4.1 or 4.2, before filing a registration statement or prospectus or any amendments or supplements thereof, the Company will furnish to one counsel selected by the Resolute Investors copies of all such documents proposed to be filed, which documents will be subject to the review of such counsel; and, provided, further, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in that is being effected pursuant to Section 1.2(a), its securities which are Registrable Securities) 4.2 at any time prior to the effective date of the registration statement relating thereto;thereto in accordance with the terms hereof. (bii) prepare Prepare and file with the Commission such amendments (including post-effective amendments) and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for at least nine months (or until all the shares are sold) and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities shares of Common Stock covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company;. (ciii) furnish Furnish to each seller holder of Registrable Securities covered by such registration statement, such number of conformed copies of such the registration statement and to each underwriter, if any, of each such amendment and supplement thereto (in each case including all exhibits)Registrable Securities, such number of copies of the a final prospectus contained in such registration statement (including each and preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, for delivery in conformity with the requirements of the Securities Act, and such other documents, as such seller Person may reasonably request;, in order to facilitate the public sale or other disposition of the Registrable Securities. (div) use Use its commercially reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition of the Registrable Securities owned by such seller, in such jurisdictions of the securities to be sold by such sellersjurisdictions, except that the Company shall not for any such purpose be required (A) to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not where, but for the requirements of this subdivision Section 4.3(a)(iv), it is not then so qualified, or (dB) be obligated to be so qualified subject itself to taxation in any such jurisdiction, or (C) to consent take any action which would subject it to general or unlimited service of process in any such jurisdiction;jurisdiction where it is not then so subject. (ev) use Use its commercially reasonable best efforts to cause all such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities;. (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) Immediately notify each seller of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities ActAct within the appropriate period mentioned in Section 4.3(a)(ii), upon discovery that, or upon if the happening of any event as a result of which, Company becomes aware that the prospectus included in such 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, misleading in the light of the circumstances under which they were madethen existing, and and, at the request of any such seller seller, promptly prepare and furnish to it deliver a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made;then existing. (hvii) otherwise Otherwise use its commercially reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, SEC and make generally available to its security holders, in each case as soon as reasonably practicable, but not later than 45 calendar days after the close of the period covered thereby (90 calendar days in case the period covered corresponds to a fiscal year of the Company), an earnings statement covering of the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, Company which earnings statement shall will satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish Act. (viii) Use its commercially reasonable best efforts in cooperation with the underwriters to each list such seller of Registrable Securities a copy of any amendment on each securities exchange or supplement to such registration statement or prospectus;NASDAQ as they may reasonably designate. (iix) provide In the event the offering is an Underwritten Offering, use its commercially reasonable best efforts to obtain a "cold comfort" letter from the independent public accountants for the Company and cause a legal opinion letter from counsel to be maintained the Company, each in customary form and covering such matters of the type customarily covered by such letters. (x) Execute and deliver all instruments and documents (including in an Underwritten Offering an underwriting agreement in customary form) and take such other actions and obtain such certificates and opinions in order to effect an underwritten Public Offering of such Registrable Securities. (xi) Provide a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by registered pursuant hereto and a CUSIP number for all such registration statement from and after a date Registrable Securities, in each case not later than the effective date of such registration; and. (jb) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities thatwill, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.34.3(a)(vi), such holder will forthwith discontinue such holder's disposition of the Registrable Securities pursuant to the registration statement relating to covering such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision Section 4.3(a)(vi). (gc) In connection with the Company's initial Public Offering, each Shareholder agrees, whether or not such Shareholder's Shares are included in such registration, not to effect any public sale or distribution, including any sale pursuant to Rule 144 under the Securities Act, of this any shares of Common Stock, or of any security convertible into or exchangeable or exercisable for Common Stock (other than as part of such Underwritten Offering), without the consent of the Managing Underwriter, during a period commencing seven calendar days before and ending 180 calendar days (or such lesser number as the Managing Underwriter shall designate) after the effective date of such registration. (d) If a registration pursuant to Section 1.3 and4.1 or 4.2 involves an Underwritten Offering, the Company agrees, if so directed required by the CompanyManaging Underwriter, will deliver not to effect any public sale or distribution of any of its equity securities, as the case may be, or securities convertible into or exchangeable or exercisable for any of such equity securities, as the case may be, during a period commencing seven calendar days before and ending 180 calendar days after the effective date of such registration, except for such Underwritten Offering or except in connection with a registration statement with respect to a stock option plan, stock purchase plan, savings or similar plan, or an acquisition, merger or exchange offer. (e) If a registration pursuant to Section 4.1 or 4.2 involves an Underwritten Offering, any holder of Registrable Securities requesting to be included in such registration may elect, in writing, prior to the effective date of the registration statement filed in connection with such registration, not to register such securities in connection with such registration, unless such holder has agreed with the Company or the Managing Underwriter to limit its rights under this Section 4.3. (at f) It is understood that in any Underwritten Offering, in addition to any shares of Common Stock (the Company's expense"Initial Shares") the underwriters have committed to purchase, the underwriting agreement may grant the underwriters an option to purchase up to a number of additional shares of authorized but unissued Common Stock (the "Option Shares") equal to up to 15% of the initial shares (or such other maximum amount as the NASD may then permit), solely to cover over-allotments. Common Stock proposed to be sold by the Company and the other sellers shall be allocated between Initial Shares and Option Shares as agreed by the Company and such other sellers or, in the absence of agreement, pursuant to Section 4.1(g) or 4.2(d), as the case may be. The number of Initial Shares and Option Shares to be sold by requesting holders shall be allocated pro rata among all copies, other than permanent file copies, then such holders on the basis of the relative number of shares of Registrable Securities each such holder has requested to be included in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeregistration.

Appears in 2 contracts

Samples: Shareholder Agreement (TAL International Group, Inc.), Shareholders Agreement (Seacon Holdings LTD)

Registration Procedures. If and whenever the Company PEC is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 3.1 or Section 3.2, the Company will, as expeditiously as possiblePEC will promptly: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicablewithin sixty (60) days) file with the Commission the requisite a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the such registration statement relating theretoto comply as to form and content in all material respects with the Commission's forms, rules and regulations; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities and other securities covered by such registration statement until the earlier of (i) such time as all of such Registrable Securities and other securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDstatement or (ii) the expiration of (A) twelve (12) months in the case of a registration of Registrable Securities pursuant to Section 3.1 hereof, that except with respect or (B) three (3) months in the case of a registration of Registrable Securities pursuant to any Section 3.2 hereof, after such registration statement filed pursuant becomes effective, and will furnish to Rule 415 under each such seller prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectus and shall not file any such amendment or supplement to which any such seller shall have reasonably objected on the grounds that such amendment or supplement does not comply in all material respects with the requirements of the Securities Act, such period need not exceed Act or of the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyrules or regulations thereunder; (c) promptly furnish to each seller of Registrable Securities covered by such one originally executed registration statement, with all amendments, supplements and additional documentation; such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), ) as such seller may reasonably request; such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under as required by the Securities ActAct as such seller may reasonably request; such documents, if any, incorporated by reference in conformity with the requirements of the Securities Act, such registration statement or prospectus; and such other documents, documents as such seller may reasonably request; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold his Registrable Securities covered by such sellersregistration statement, except that the Company PEC shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified qualified, or to subject itself to taxation in any such jurisdiction, or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) immediately notify each seller of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were madethen existing, or if it is necessary to amend or supplement such prospectus or registration statement to comply with law, and at the request of any such seller promptly seller, prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements statement therein not misleading in the light of the circumstances under which they were madethen existing and shall otherwise comply in all material respects with the law and so that such prospectus or registration statement, as amended or supplemented, will comply with law; (hf) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security securities holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, (12) months beginning with the first full calendar month of the first fiscal quarter after the effective date of such registration statement, which if such earnings statement shall is necessary to satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectusAct; (ig) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registrationregistration statement; and (jh) use its reasonable best efforts to list all Registrable Securities Common Stock covered by such registration statement on any national each securities exchange on which Registrable Securities of the same class any Common Stock is then listed or quote all such Common Stock on NASDAQ if PEC's Common Stock is quoted on NASDAQ, or, if PEC's Common Stock is not then quoted on NASDAQ or listed on any national securities exchange, use its best efforts to have such Common Stock covered by such registration statement are then quoted on NASDAQ or, at the option of PEC, listed and, if no such Registrable Securities are so listed, on any a national securities exchange on which the Common Stock is then listedexchange. The Company PEC may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company PEC such information regarding such seller and the distribution of such securities as the Company PEC may from time to time reasonably request in writing. Each holder of Registrable Securities agrees writing and as shall be required by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented law or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then Commission in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeconnection therewith.

Appears in 2 contracts

Samples: Merger Agreement (Patterson Energy Inc), Merger Agreement (Patterson Energy Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, will as expeditiously as possible: (ai) prepare and (within as soon thereafter as possible or in any event no later than 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, provided that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such statement (which period shall not exceed 270 days from the date the registration statement filed pursuant to Rule 415 under is declared effective unless the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyeffectiveness thereof is suspended for any reason); (ciii) furnish to each seller of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities covered by such sellersthe registration statement, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified qualified, to subject itself to taxation in any jurisdiction or to consent to general service of process in any such jurisdictionjurisdiction where it is not then so subject; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, Securities and each Requesting Holder a signed counterpart, addressed to such seller's seller and such Requesting Holder (and underwriters, if any, a signed counterpart ) of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Hallwood Energy Corp), Registration Rights Agreement (Hallwood Consolidated Resources Corp)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the a registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, as expeditiously as possiblewill promptly: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite SEC a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such a registration statement with respect to a demand registration pursuant to Section 4.2 to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities effective within ninety (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities90) at any time prior to the effective date days of the registration statement relating theretoinitial filing; (b) prepare and file with the Commission SEC such amendments and supplements to such registration statement (including Exchange Act documents incorporated by reference into the registration statement) and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period not in excess of 90 days (or such longer period as may be requested by the Holders in the event of a shelf registration statement) and to comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, provided that except with respect to any such before filing a registration statement filed or prospectus or any amendments or supplements thereto in accordance with Sections 4.3(a) or this Section 4.3(b), the Company will furnish to counsel selected pursuant to Rule 415 under the Securities ActSection 4.8 hereof copies of all documents proposed to be filed, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies which documents will be subject to the Companyreview of such counsel reasonably in advance of any filing to permit a reasonable opportunity to review and comment in light of the circumstances; (c) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibitsexhibits filed therewith, including any documents incorporated by reference), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, similar documents as such seller may reasonably requestrequest necessary to facilitate the disposition of the Registrable Securities by such seller; (d) use its reasonable best efforts (i) to comply with all applicable securities laws in the United States and register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement in such jurisdictions in the United States as each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not where, but for the requirements of this subdivision subsection (d) ), it would not be obligated to, subject itself to be so qualified taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all notify each seller of any such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to promptly if the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, becomes aware that the prospectus included in such registration statement, as then in effect, or the registration statement includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading in the light of the circumstances under which they were madethen existing, and and, subject to Section 4.2(g), at the request of any such seller promptly seller, prepare and furnish to it such seller a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (hf) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, practicable (but not more than eighteen 18 months, beginning with the first full calendar month ) after the effective date of such the registration statement, which an earnings statement which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectusAct; (g) (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on NASDAQ (or any national securities exchange on which the Common Stock is then listed. The listed if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange); and (ii) use its best efforts to provide for a transfer agent and registrar for such Registrable Securities covered by such registration statement not later than the effective date of such registration statement; (h) in connection with an underwritten offering pursuant to a demand registration pursuant to Section 4.2, enter into an underwriting agreement in customary form, which may include indemnification provisions in favor of underwriters and other Persons in addition to, or in substitution for, the provisions of Section 4.6 hereof, and take such other actions as the managing underwriters reasonably request in order to expedite or facilitate the disposition of such Registrable Securities; (i) in connection with an underwritten offering pursuant to a demand registration pursuant to Section 4.2, obtain a “cold comfort” letter or letters from the Company’s independent public accounts in customary form and covering matters of the type customarily covered by “cold comfort” letters provided to sellers of securities as the seller or sellers of a majority of shares of such Registrable Securities shall reasonably request; (j) make available for inspection by any seller of such Registrable Securities covered by such registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such seller or any such underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of the Company’s officers, directors and employees to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with the “due diligence” of such seller or such underwriter with respect to such registration statement, subject to the execution of a mutually acceptable confidentiality agreement; (k) promptly notify counsel (selected pursuant to Section 4.8 hereof) for the Holders of Registrable Securities included in such registration statement and the managing underwriter or agent and confirm such notice in writing (i) when the registration statement, or any post-effective amendment to the registration statement, shall have become effective, or any supplement to the prospectus or any amendment to the prospectus shall have been filed, (ii) of the receipt of any comments from the SEC, (iii) of any request by the SEC to amend the registration statement or amend or supplement the prospectus or for additional information, and (iv) of the issuance by the SEC of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus, or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, or of the institution or threatening of any proceedings for any of such purposes; (l) make reasonable best efforts to prevent the issuance of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus and, if any such order is issued, to obtain the withdrawal of any such order as soon as practicable; (m) (i) if requested by the managing underwriter or agent or any Holder of Registrable Securities covered by the registration statement, promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or agent or such Holder reasonably requests to be included therein, including, with respect to the number of Registrable Securities being sold by such Holder to such underwriter or agent, the purchase price being paid therefor by such underwriter or agent; and (ii) make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such prospectus supplement or post-effective amendment; (n) cooperate with the Holders of Registrable Securities covered by the registration statement and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing securities to be sold under the registration statement, and enable such securities to be in such denominations and registered in such names as the managing underwriter or agent, if any, or such Holders may reasonably request; (o) in connection with an underwritten offering pursuant to a demand registration pursuant to Section 4.2, obtain for delivery to the Holders of Registrable Securities being registered and to the underwriter or agent an opinion or opinions from counsel for the Company may require in customary form and scope for sellers of securities; (p) cooperate with each seller of Registrable Securities as to which any registration is being effected to furnish and each underwriter or agent participating in the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition disposition of such Registrable Securities that, upon receipt and their respective counsel in connection with any filings required to be made with the NASD; and (q) use its reasonable best efforts to make available the executive officers of any notice from the Company of for a seven (7) Business Day period, to participate and to cooperate with the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition Holders of Registrable Securities and any underwriters in any “road shows” or other selling efforts, in each case in the United States, that may be reasonably requested upon reasonable notice thereof by the Holders in connection with a firm commitment underwritten offering for the Registrable Securities with a minimum sales price of $75 million with respect to a registration statement effected pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, 4.2 other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticea shelf registration statement.

Appears in 2 contracts

Samples: Stockholders Agreement (Homestore Inc), Stockholders Agreement (Homestore Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2, the Company will, will as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement (including such audited financial statements as may be required by the Securities Act or the rules and regulations promulgated thereunder) to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERprovided that before filing such registration statement or any amendments thereto, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior will furnish to the effective date counsel selected by DTN copies of all such documents proposed to be filed, which documents will be subject to the registration statement relating theretoreview of such counsel; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep maintain the effectiveness of such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until the earlier of such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDstatement and the expiration of 90 days after such registration statement becomes effective, that except with respect to any such registration statement filed pursuant to Rule 415 (or any successor Rule) under the Securities Act, in which case such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyshall be one year; (c) furnish to each seller of Registrable Securities covered by such registration statement, DTN such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller DTN may reasonably request; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement DTN shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers DTN to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersDTN, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by if such registration statement includes an underwritten Public Offering, furnish to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, DTN a signed counterpart of: (i) an opinion of counsel for the Companycounterpart, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect addressed to such registration statement DTN (and the prospectus included therein) andunderwriters), in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.of

Appears in 1 contract

Samples: Software License and Service Agreement (Data Transmission Network Corp)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1, 2.2 and 1.22.3 hereof, the Company will, shall as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission as soon as practicable the requisite registration statement to effect such registration (and shall include all financial statements required by the Commission to be filed therewith) and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that before filing such registration statement (including all exhibits) or any amendment or supplement thereto or comparable statements under securities or blue sky laws of any jurisdiction, the Company shall furnish such documents to each Holder selling Registrable Securities covered by such registration statement and each underwriter, if any, participating in the offering of the Registrable Securities and their respective counsel, which documents will be subject to the review and comments of each such Holder, each underwriter and their respective counsel (but as to all such Holders, not more than one counsel); and PROVIDED FURTHER, that (i) as to registration pursuant to Section 2.1 or 2.2 hereof, the Company may discontinue any registration of its securities which are not Registrable Securities (and, under (ii) as to registration pursuant to Section 2.3 hereof, the circumstances specified Company may discontinue any registration of its securities, in Section 1.2(a), its securities which are Registrable Securities) each case at any time prior to the effective date of the registration statement relating thereto; (b) notify each Holder selling Registrable Securities covered by such registration statement of the Commission's requests for amending or supplementing the registration statement and the prospectus, and prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until for such time period as shall be required for the disposition of all of such Registrable Securities have been disposed of in accordance with the intended methods method of disposition by the seller or sellers thereof set forth in such registration statementdistribution thereof; PROVIDEDPROVIDED that, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities ActAct (other than in connection with the Shelf Registration), such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company120 days; (c) furnish furnish, without charge, to each seller of Holder selling Registrable Securities covered by such registration statement, statement and each underwriter such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller Holders and such underwriters may reasonably request; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of any Holder or Holders selling Registrable Securities covered by such registration statement or any managing underwriter shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers the Holders to consummate the disposition in such jurisdictions of the securities to be sold by such sellersHolder or Holders; PROVIDED, except HOWEVER, that the Company shall not for any such purpose be required to execute a general consent to service of process or to qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would is not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdictionqualified; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal Federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller any Holder or sellers of Holders selling Registrable Securities to enable the seller or sellers thereof covered by such registration statement to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of to each Holder selling Registrable Securities covered by such registration statement to each seller of Registrable Securities, and each such seller's underwritersunderwriter, if any, participating in the offering of the securities covered by such registration statement, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities (and dated the dates such opinions and comfort letters are customarily dated) and, in the case of the legal opinion, such other legal matters, and, in the case of the accountants' comfort letter, such other financial matters, andas such Holder or Holders, in or the case of the legal opinionunderwriters, such other legal matters, as the underwriters may reasonably request; (g) promptly notify each seller of the Holders selling Registrable Securities covered by such registration statement and each managing underwriter, if any, participating in the offering of the securities covered by such registration statement (i) when such registration statement, any pre-effective amendment, the prospectus or any prospectus supplement related thereto or post-effective amendment to such registration statement has been filed, and, with respect to such registration statement or any post effective amendment, when the same has become effective; (ii) of any request by the Commission for amendments or supplements to such registration statement or the prospectus related thereto or for additional information; (iii) of the issuance by the Commission of any stop order suspending the effectiveness of such registration statement or the initiation of any proceedings for that purpose; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of any of the Registrable Securities for sale under the securities or blue sky laws of any jurisdiction or the initiation of any proceeding for such purpose; (v) at any time when a prospectus relating thereto is required to be delivered under the Securities ActAct or, in the case of the Shelf Registration, at any time during the Shelf Registration Period, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and in the case of this clause (v), at the request of any Holder or Holders selling Registrable Securities covered by such seller registration statement promptly prepare and furnish to it such Holder or Holders and each managing underwriter, if any, participating in the offering of the Registrable Securities, a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; and (vi) at any time when the representations and warranties of the Company contemplated by Section 2.5(a) or (b) hereof cease to be true and correct; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, months beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities the Holders a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement the Common Stock from and after a date not later than the effective date of such registration; and; (ji) use its reasonable best efforts to list cause all Registrable Securities covered by such registration statement to be quoted on any the National Market System ("National Market System") of the National Association of Securities Dealers, Inc. Automated Quotation System ("NASDAQ") within the meaning of Rule 11Aa2-1 of the Commission if the quoting of such Registrable Securities is then permitted under NASDAQ rules; or (ii) if no similar securities of the Company are then so quoted, use its bests efforts to (x) secure designation of all such Registrable Securities as a NASDAQ National Market System security or (y) failing that, cause all such Registrable Securities to be listed on a national securities exchange on which or (z) failing that, to secure NASDAQ authorization for such shares and, without limiting the generality of the foregoing, to arrange for at least two market makers to register as such with respect to such shares with the National Association of Securities Dealers, Inc.; (k) deliver promptly to counsel to the Holders selling Registrable Securities of the same class covered by such registration statement are then listed andand each underwriter, if any, participating in the offering of the Registrable Securities, copies of all correspondence between the Commission and the Company, its counsel or auditors and all memoranda relating to discussions with the Commission or its staff with respect to such registration statement; (l) use its best efforts to obtain the withdrawal of any order suspending the effectiveness of the registration statement; (m) provide a CUSIP number for all Registrable Securities, no such Registrable Securities are so listed, on any national securities exchange on which later than the Common Stock is then listed. The Company may require each seller effective date of the registration statement; (n) make available its employees and personnel and otherwise provide reasonable assistance to the underwriters (taking into account the needs of the Company's businesses) in their marketing of Registrable Securities as to which any registration is being effected to furnish Securities; and (o) in the Company such information regarding such seller and the distribution case of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities thata Shelf Registration, upon receipt of any notice from the Company of the happening occurrence of any event or the discovery of the kind described in subdivision (g) of this Section 1.3any facts, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus each as contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.by

Appears in 1 contract

Samples: Registration Rights Agreement (Pequot General Partners)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the any registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.22.1(a) or 2.2 hereof, the Company willshall, as expeditiously as possible: (a) prepare and (within file with the Commission promptly and, in any event on or before the date that is 90 days after the end receipt by the Company of the period within which requests for registration may be given to written request from the Company or in any event as soon thereafter as practicable) file with the Commission Investor, the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become and remain effective; PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which that are not shares of Registrable Securities (and, under the circumstances specified in Section 1.2(a)Sections 2.2 and 2.7(b) hereof, its securities which that are shares of Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have has been disposed of in accordance with the intended methods method of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities covered by such registration statementstatement and each underwriter, if any, such number of copies of such drafts and final conformed copies versions of such registration statement and of each such amendment and supplement thereto (in each case including all exhibitsexhibits and any documents incorporated by reference), such number of copies of such drafts and final versions of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller any Investor or any underwriter may reasonably requestrequest in writing; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities securities, if any, covered by such registration statement under such other securities or blue sky laws of such States states or other jurisdictions of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably requestrequest in writing, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iii) to take any other action which that may be reasonably necessary or reasonably advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision subsection (d) be obligated to be so qualified qualified, to subject itself to taxation in such jurisdiction or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities and other securities, if any, covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities Governmental Authority as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) use its reasonable best efforts to obtain and, if obtained, furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's ’s underwriters, if any, a signed counterpart of:signed (i) an opinion of counsel for the Company, dated the effective date of such registration statement (and, if applicablesuch registration involves an underwritten Public Offering, dated the date of the closing under the underwriting agreementagreement and addressed to the underwriters), reasonably satisfactory (based on the customary form and substance of opinions of issuers’ counsel customarily given in such an offering) in form and substance to such seller, and (ii) a "“cold comfort" letter ” letter, dated the effective date of such registration statement (and, if such registration involves an underwritten Public Offering, dated the date of the closing under the underwriting agreement and addressed to the underwriters) and signed by the independent registered public accountants accounting firm who have certified the Company's ’s financial statements included or incorporated by reference in such registration statement, reasonably satisfactory (based on the customary form and substance of “cold comfort” letters of issuers’ independent registered public accounting firm customarily given in such an offering) in form and substance to such seller, in each case of clauses (i) and (ii) above, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' independent registered public accounting firm’s comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's ’s counsel and in accountants' the independent registered public accounting firm’s comfort letters delivered to the underwriters in underwritten public offerings Public Offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably requestsecurities; (g) notify each seller of Registrable Securities and other securities covered by such registration statement statement, if any, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and and, at the written request of any such seller of Registrable Securities, promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus prospectus, as supplemented or amended, shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a registration statement relating to the Registrable Securities at the earliest possible moment; (i) otherwise comply with all applicable rules and regulations of the CommissionCommission and any other Governmental Authority having jurisdiction over the offering, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings earning statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings earning statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities and to the managing underwriter, if any, at least ten days prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to cause all Registrable Securities covered by a registration statement (i) to be listed on a national securities exchange on which similar securities issued by the Company are then listed, if the listing of such Registrable Securities is then permitted under the rules of such exchange, or (ii) if the Company is not permitted pursuant to clause (i) above to list Registrable Securities on a national securities exchange, use its reasonable best efforts to secure designation of all Registrable Securities as a “national market system security” within the meaning of Rule 600(b)(46) of Regulation NMS or, failing that, to secure authorization for the Registrable Securities and, without limiting the generality of the foregoing, to arrange for at least three (3) market makers to register with FINRA as such with respect to such Registrable Securities; (k) provide a transfer agent and registrar for the Registrable Securities covered by a registration statement no later than the effective date thereof; (l) enter into such agreements (including an underwriting agreement in customary form) and, subject to Section 2.7(c), take such other actions as Investor holding a majority of the shares of Registrable Securities covered by such registration statement on shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities, including customary indemnification; (m) if requested by the managing underwriter(s) or Investor holding a majority of the shares of Registrable Securities being sold in connection with an underwritten Public Offering, promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter(s) and Investor of a majority of the Registrable Securities being sold agree should be included therein relating to the plan of distribution with respect to such Registrable Securities, including without limitation, information with respect to the number of shares of Registrable Securities being sold to such underwriters, the purchase price being paid therefore by such underwriters and with respect to any national securities exchange on which other terms of the underwritten Public Offering of the Registrable Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; and (n) if requested by Investor holding a majority of the shares of Registrable Securities being sold, cooperate with such Investor and the managing underwriter(s), if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends; and enable such Registrable Securities to be in such share amounts and registered in such names as the managing underwriter(s) or, if none, Investor holding a majority of the shares of Registrable Securities being sold, may request at least three Business Days prior to any sale of Registrable Securities to the underwriters. As a condition to the obligations of the Company to complete any registration pursuant to this Agreement with respect to the Registrable Securities of Investor, Investor must furnish to the same class covered Company in writing such information (the “Investor Information”) regarding itself, the Registrable Securities held by such it and the intended methods of disposition of the Registrable Securities held by it as is necessary to effect the registration of Investor’s Registrable Securities and is requested in writing by the Company. At least 30 days prior to the first anticipated filing date of a registration statement are then listed andfor any registration under this Agreement, if no such the Company will notify in writing Investor of Investor Information which the Company is requesting from that Investor whether or not Investor has elected to have any of its Registrable Securities are so listedincluded in the registration statement. If, on any national securities exchange on which within ten days prior to the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish anticipated filing date, the Company such information regarding such seller and has not received the distribution of such securities as requested Investor Information from Investor, then the Company may from time file the registration statement without including Registrable Securities of that Investor. Investor agrees that, as of the date that a final prospectus is made available to time reasonably request in writing. Each holder it for distribution to prospective purchasers of Registrable Securities agrees by acquisition Securities, it shall cease to distribute copies of any preliminary prospectus prepared in connection with the offer and sale of such Registrable Securities Securities. Investor further agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision subsection (g) of this Section 1.32.4, such holder will Investor shall forthwith discontinue such holder's Investor’s disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's Investor’s receipt of the copies of the supplemented or amended prospectus contemplated by subdivision subsection (g) of this Section 1.3 2.4 and, if so directed by the Company, will shall deliver to the Company (at the Company's ’s expense) all copies, other than permanent file copies, then in such holder's Investor’s possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. If any event of the kind described in subsection (g) of this Section 2.4 occurs and such event is the fault solely of Investor or Investor due to the inaccuracy of Investor Information provided by Investor(s) for inclusion in the registration statement, Investor (or Investor) shall pay all Expenses attributable to the preparation, filing and delivery of any supplemented or amended prospectus contemplated by subsection (g) of this Section 2.4.

Appears in 1 contract

Samples: Investor Rights Agreement (Resource Holdings, Inc.)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act Act, as provided in Sections 1.1 3.1 and 1.23.2 hereof, the Company will, will as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a3.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) notify each Holder of the Commission’s requests for amending or supplementing of the registration statement and the prospectus, and prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until for such time period as shall be required for the disposition of all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDSecurities, provided, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company120 days; (c) furnish to each seller of Registrable Securities covered by such registration statementHolder, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, Act in conformity with the requirements of the Securities Act, and such other documents, as such seller Holder may reasonably request; (d) use its reasonable best efforts (iA) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement Holders shall reasonably request, (iiB) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iiiC) to take any other action which may be reasonably necessary or advisable to enable such sellers Holders to consummate the disposition in such jurisdictions of the securities to be sold by such sellersHolders, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) Agreement be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller Holder or sellers of Registrable Securities to enable the seller or sellers Holders thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller Holder of Registrable Securities, and each such seller's underwriters, if any, Securities a signed counterpart of: of (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's ’s financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' accountant’s comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's ’s counsel and in accountants' accountant’s comfort letters delivered to the underwriters in underwritten public offerings of securities (and dated the dates such opinions and comfort letters are customarily dated) and, in the case of the accountants' accountant’s comfort letter, such other financial matters, and, and in the case of the legal opinion, such other legal matters, as the underwriters Holders of more than 50% of the Registrable Securities covered by such registration statement, or the underwriters, may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement Holder at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller Holder promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers Purchaser of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities Holder a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listedNasdaq National Market. The Company may require each seller of Registrable Securities as to which any registration is being effected Holder to furnish the Company such information regarding such seller Holder and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, that upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.33.3, such holder will forthwith discontinue such holder's ’s disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's ’s receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 3.3 and, if so directed by the Company, will deliver to the Company (at the Company's ’s expense) all copies, other than permanent file copies, then in such holder's possession ’s possession, of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Community Bancorp Inc)

Registration Procedures. (a) If and whenever the Company is required by the provisions of Sections 2 or 4 hereof to use its reasonable best efforts to effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Shares, the Company will, shall as expeditiously as possible: (ai) prepare and (and, in any event within 90 60 days after the end of the period within which requests a request for registration may be given to the Company or in any event as soon thereafter as practicable) Company, file with the Securities and Exchange Commission (the requisite "SEC") a registration statement with respect to effect such registration Registrable Shares and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period not in excess of 180 days and to comply with the provisions of the Securities Act Act, the Exchange Act, and the rules and regulations promulgated thereunder with respect to the disposition of all Registrable Securities the securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers Shareholders thereof set forth in such registration statement; PROVIDED, that except with respect to any the Company shall notify each Shareholder of Registrable Shares covered by such registration statement filed pursuant of any stop order issued or threatened by the SEC, any other order suspending the use of any preliminary prospectus or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, and take all reasonable actions required to Rule 415 under prevent the Securities Actentry of such stop order, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies other order or suspension or to the Companyremove it if entered; (ciii) furnish to each seller Shareholder and each underwriter, if applicable, of Registrable Securities Shares covered by such registration statement, statement such number of conformed copies of such the registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, documents as each Shareholder of Registrable Shares covered by such seller registration statement may reasonably requestrequest in order to facilitate the disposition of the Registrable Shares owned by such Shareholder; (div) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities Shares covered by such registration statement under such other the state securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers each Shareholder of Registrable Securities Shares covered by such registration statement shall and, if applicable, each underwriter, may reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold Registrable Shares owned by such sellersShareholder; PROVIDED, except HOWEVER, that in connection therewith, the Company shall not for be required to (A) qualify as a foreign corporation to do business or to register as a broker or dealer in any such purpose jurisdiction where it would not otherwise be required to qualify generally or register but for this clause (iv), (B) subject itself to do business as a foreign corporation taxation in any jurisdiction wherein it would not but for the requirements of this subdivision or (dC) be obligated to be so qualified or to file a general consent to general service of process in any such jurisdiction;. (ev) use its reasonable best efforts to cause all such Registrable Securities Shares covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers Shareholders thereof to consummate the disposition of such Registrable SecuritiesShares; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto to the Registrable Shares is required to be delivered under the Securities Act, upon discovery that, or upon the happening of Act any event shall have occurred as a the result of which, the which any such prospectus included in such registration statement, as then in effect, includes effect would include an untrue statement of a material fact or omits omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, in immediately give written notice thereof to each Shareholder and the light managing underwriter, if any, of the circumstances under which they were made, such Registrable Shares and at the request of any such seller promptly prepare and furnish to it each such Shareholder a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Shares, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were mademisleading; (hvii) use its best efforts to cause such Registrable Shares to be accepted for listing or quotation on any securities exchange or automated quotation system on which similar securities of the Company are then listed, and enter into customary agreements including a listing application and indemnification agreement in customary form, provided that the applicable listing requirements are satisfied, and provide a transfer agent and registrar for such Registrable Shares covered by such registration statement not later than the effective date of such registration statement; (viii) enter into such customary agreements (including an underwriting agreement in customary form) and take such other actions as each Shareholder of Registrable Shares being sold or the underwriter, if any, reasonably requests in order to expedite or facilitate the disposition of such Registrable Shares, including customary indemnification and opinions; (ix) to the extent reasonably requested by the Shareholders of at least 51% of the Registrable Shares being sold, or the underwriters, if any, use its best efforts to obtain a "cold comfort" letter or letters from the Company's independent public accountants in customary form and covering matters of the type customarily covered by "cold comfort" letters; (x) make available, at the Company's expense, for inspection by representatives of any Shareholder of Registrable Shares covered by such registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by such Shareholders or any such underwriter (collectively, the "SHAREHOLDER REPRESENTATIVES"), all financial and other records, pertinent corporate documents and properties of the Company and its subsidiaries (excluding any such records and documents as are protected by attorney-client privilege or which the Company is prohibited from disclosing pursuant to the terms of any nondisclosure agreements to which the Company or any of its subsidiaries is a party; PROVIDED that, to the extent permitted under any such nondisclosure agreement, the Company shall disclose any information subject to such nondisclosure agreement upon execution and delivery by such Shareholder or Shareholder Representative of a confidentiality agreement for the benefit of the parties to such nondisclosure agreement); (xi) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month practicable after the effective date of such the registration statement, which an earnings statement which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 the rules and regulations promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (jxii) use its reasonable best efforts to list all notify counsel for the Shareholders of Registrable Securities covered by Shares included in such registration statement on and the managing underwriter, if any, immediately, and confirm the notice in writing, (A) when the registration statement, or any national securities exchange on which Registrable Securities post-effective amendment to the registration statement, shall have become effective, or any supplement to the prospectus or any amendment prospectus shall have been filed and (B) of any request of the same class covered by such SEC to amend the registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which or amend or supplement the Common Stock is then listed. The Company may require each seller prospectus or for additional information. (b) Each Shareholder of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities Shares hereby agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind type described in subdivision (gSection 5(a)(vi) of this Section 1.3hereof, such holder will Shareholder shall forthwith discontinue such holder's disposition of such Registrable Securities pursuant to the Shares covered by such registration statement relating to such Registrable Securities or related prospectus until such holderShareholder's receipt of the copies of the supplemented supplemental or amended prospectus contemplated by subdivision Section 5(a)(vi) hereof. In the event the Company shall give any such notice, the period mentioned in Section 5(a)(ii) hereof shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to Section 5(a)(vi) hereof and including the date when such Shareholder shall have received the copies of the supplemental or amended prospectus contemplated by Section 5(a)(vi) hereof. If for any other reason the effectiveness of any registration statement filed pursuant to Section 4 hereof is suspended or interrupted prior to the expiration of the time period regarding the maintenance of the effectiveness of such Registration Statement required by Section 5(a)(ii) hereof so that Registrable Shares may not be sold pursuant thereto, the applicable time period shall be extended by the number of days equal to the number of days during the period beginning with the date of such suspension or interruption to and ending with the date when the sale of Registrable Shares pursuant to such registration statement may be recommenced. (gc) of this Section 1.3 and, if so directed by Each Shareholder hereby agrees to provide the Company, will deliver upon receipt of its request, with such information about such Shareholder to enable the Company to comply with the requirements of the Securities Act and to execute such certificates as the Company may reasonably request in connection with such information and otherwise to satisfy any requirements of law. Each Shareholder further agrees to furnish to the Company (at in writing such information regarding the Company's expense) all copiesShareholder and his, other than permanent file copies, then in such holder's possession her or its proposed distribution of Registrable Shares as the prospectus relating Company may from time to such Registrable Securities current at the time of receipt of such noticereasonably request.

Appears in 1 contract

Samples: Shareholders Registration Rights Agreement (Power Ten)

Registration Procedures. If and whenever In connection with the obligations of the Company is required with respect to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Shelf Registration Statement contemplated by Section 2 hereof, the Company will, as expeditiously as possibleshall: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission SEC, within the requisite registration statement to effect such registration time period set forth in Section 2 hereof, the Shelf Registration Statement, which Shelf Registration Statement (i) shall be available for the issuance of the Shares and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that sale of the Company may discontinue any registration of its securities which are not Registrable Securities in accordance with the intended method or methods of distribution by the selling Holders thereof, if any, and (and, under ii) shall comply as to form and substance in all material respects with the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date requirements of the registration statement relating theretoapplicable form and include all financial statements required by the SEC to be filed therewith; (bi) prepare and file with the Commission SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith Registration Statement as may be necessary to keep such registration statement Registration Statement effective for the applicable period; (ii) cause the Prospectus to be amended or supplemented as required and to be filed as required by Rule 424 or any similar rule that may be adopted under the Securities Act; (iii) respond as promptly as practicable to any comments received from the SEC with respect to the Shelf Registration Statement or any amendment thereto; and (iv) if applicable, comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of Registration Statement during the applicable period in accordance with the intended method or methods of disposition distribution by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyselling Holders thereof; (c) furnish to each seller Holder of Registrable Securities or its designee, without charge, as many copies of each Prospectus and any amendment or supplement thereto and such other documents as such Holder may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities; the Company consents to the use of the Prospectus and any amendment or supplement thereto by each such Holder of Registrable Securities in connection with the offering and sale of the Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such the Prospectus or amendment and or supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably requestthereto; (d) use its reasonable best efforts (i) to register or qualify all the Registrable Securities and other securities covered by such registration statement the time the Shelf Registration Statement is declared effective by the SEC under such other all applicable state securities or blue sky laws of such States of jurisdictions in the United States of America where an exemption is not available and its territories and possessions as the sellers any Holder of Registrable Securities covered by the Shelf Registration Statement shall request in writing, keep each such registration statement or qualification effective during the period such Registration Statement is required to be kept effective, and do any and all other acts that may reasonably be necessary to enable such Holder to dispose of such Registrable Securities owned by such Holder in each such jurisdiction; provided, however, that in connection therewith, the Company shall reasonably requestnot be required to (i) qualify as a foreign corporation to do business or to register as a broker or dealer in any such jurisdiction where it otherwise would not be required to qualify or register but for this Section 3(d), (ii) subject itself to keep taxation in any such registration jurisdiction, or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as file a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to general consent to general service of process in any such jurisdictionjurisdiction wherein it is not otherwise required to do so; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers notify each Holder of Registrable Securities promptly and, if requested by such Holder, confirm in writing (i) when the Registration Statement and any post-effective amendment thereto have become effective, (ii) when any amendment or supplement to enable the seller Prospectus has been filed with the SEC, (iii) of the issuance by the SEC or sellers any state securities authority of any stop order suspending the effectiveness of the Registration Statement or any part thereof or the initiation of any proceedings for that purpose, (iv) if the Company receives any notification with respect to consummate the disposition suspension of the qualification of the Registrable Securities for offer or sale in any jurisdiction or the initiation of any proceeding for such Registrable Securitiespurpose, and (v) of the happening of any event during the period the Registration Statement is effective as a result of which (A) such Registration Statement contains any 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 or (B) the Prospectus, as then amended or supplemented, contains any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading; (f) furnish at make every reasonable effort to obtain the effective date withdrawal of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for any order suspending the Company, dated the effective date of such registration statement and, if applicable, the date effectiveness of the closing under the underwriting agreementShelf Registration Statement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statementsany part thereof, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, promptly as the underwriters may reasonably requestpossible; (g) notify furnish to each seller Holder of Registrable Securities covered Securities, without charge, at least one conformed copy of the Shelf Registration Statement and any post-effective amendment thereto and any Prospectus or amendment or supplement thereto, (without documents incorporated therein by such registration statement reference or exhibits thereto, unless requested); (h) at any time when a prospectus Prospectus relating thereto to a Registration Statement covering Registrable Securities is required to be delivered under the Securities Act, upon discovery that, or upon the Company shall immediately notify the Holder of the happening of any event as a result of which, which the prospectus Prospectus included in such registration statementRegistration 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 misleadingtherein, in the light of the circumstances under which they were made, and at not misleading. In such event, the request of any such seller Company shall promptly prepare and furnish to it the Holder a reasonable number of copies of a supplement to or an amendment of such prospectus Prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus Prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading therein, in the light of the circumstances under which they were are made, not misleading. The Company will, if necessary, amend the Registration Statement of which such Prospectus is a part to reflect such amendment or supplement; (hi) otherwise make available for inspection by the Holders of Registrable Securities and any counsel, accountants or other representatives retained by such Holders all financial and other records, pertinent corporate documents and properties of the Company, and cause the officers, directors and employees of the Company to supply all such records, documents or information reasonably requested by such Holders' counsel, accountants or representatives in connection with the Shelf Registration Statement; provided, however, that such records, documents or information which the Company determines in good faith to be confidential and notifies such Holders' counsel, accountants or representatives in writing that such records, documents or information are confidential shall not be disclosed by such Holders' counsel, accountants or representatives unless (i) such disclosure is necessary to avoid or correct a material misstatement or omission in a Registration Statement and such disclosure is not made during a Suspension Event, (ii) such disclosure is ordered pursuant to a subpoena or other order from a court of competent jurisdiction, or (iii) such records, documents or information become generally available to the public other than through a breach of this Agreement; (j) upon five business days' notice, the Company shall file any supplement or post-effective amendment of the Registration Statement with respect to such Holder's interests in or plan of distribution of Registrable Securities that is reasonably necessary to permit the sale of the Holder's Registrable Securities pursuant to the Resale Shelf Registration Statement; (k) use its reasonable best efforts to comply with cause all applicable Registrable Securities to be listed on any securities exchange on which similar securities issued by the Company are then listed or, if no such securities are then listed, on an exchange selected by the Company, if such listing is then permitted under the rules and regulations of such exchange; or if such listing is not practicable, to secure designation of such securities as a NASDAQ "national market system security" within the Commissionmeaning of Rule 11Aa2-1 under the Exchange Act; or, failing that, to secure NASDAQ authorization for such securities; and, if requiredwithout limiting the foregoing, to arrange for at least two market makers to register as such with respect to such securities with the NASD; and to provide a transfer agent and registrar for such Registrable Securities not later than the effective date of such registration statement; (l) make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve 12 months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller Holder of Registrable Securities as to which any registration is being effected to furnish to the Company in writing such information regarding the proposed distribution by such seller and the distribution Holder of such securities Registrable Securities as the Company may from time to time reasonably request in writing. Each holder of In connection with and as a condition to the Company's obligations with respect to the Shelf Registration Statement pursuant to Section 2 hereof and this Section 3, each Holder covenants and agrees that (i) it will not offer or sell any Registrable Securities agrees under the Shelf Registration Statement until it has received copies of the Prospectus as then amended or supplemented as contemplated by acquisition of such Registrable Securities that, Section 3(g) and notice from the Company that the Registration Statement and any post-effective amendments thereto have become effective as contemplated by Section 3(e); (ii) upon receipt of any notice from the Company contemplated by Section 4(a) or Section 3(e) (in respect of the happening occurrence of any an event of the kind described in subdivision contemplated by clause (gv) of this Section 1.33(e)), such holder will forthwith discontinue such holder's disposition of Holder shall not offer or sell any Registrable Securities pursuant to the registration statement relating to such Registrable Securities Shelf Registration Statement until such holder's receipt of the Holder receives copies of the supplemented or amended prospectus Prospectus contemplated by subdivision (gSection 3(h) of this Section 1.3 hereof and receives notice that any post-effective amendment has become effective, and, if so directed by the Company, such Holder will deliver to the Company (at the expense of the Company's expense) all copiescopies in its possession, other than permanent file copies, copies then in such holderHolder's possession possession, of the prospectus relating to such Registrable Securities current Prospectus as amended or supplemented at the time of receipt of such notice; (iii) such Holder and any of its officers, directors or affiliates, if any, will comply with the provisions of Regulation M under the Exchange Act as applicable to them in connection with sales of Registrable Securities pursuant to the Shelf Registration Statement; and (iv) such Holder and any of its officers, directors or affiliates, if any, will enter into such written agreements as the Company shall reasonably request to ensure compliance with clause (iii) above.

Appears in 1 contract

Samples: Registration Rights Agreement (Boddie Noell Properties Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts ----------------------- to effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite a registration statement with respect to effect such registration Registrable Securities, and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERprovided, however, -------- ------- that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) is being effected pursuant to Sections 3 or 4 herein at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period of not less than 180 days or such shorter period which will terminate when all Registrable Securities covered by such registration statement have been sold (but not before the expiration of the 90-day period referred to in Section 4(3) of the Securities Act and to Rule 174 thereunder, if applicable) and comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto thereof (in each case including all exhibits), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities by such seller; (d) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersseller; provided, except however, that the Company shall not for any such purpose -------- ------- be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would is not but for the requirements of this subdivision (d) be obligated to be then so qualified or to consent take any action which would subject it to general service of process in any such jurisdictionjurisdiction where it is not then so subject or subject itself to general taxation in any jurisdiction where it is not then so subject; (e) use its reasonable best efforts to cause all immediately notify each seller of any Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities ActAct within the appropriate period mentioned in clause (b) of this Section 5, upon discovery that, or upon of the happening of any event as a result of which, Company becoming aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller promptly within ten days prepare and furnish to it all sellers a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (jf) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed, if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange, and provide an independent transfer agent and registrar for such Registrable Securities covered by such registration statement not later than the effective date of such registration statement; (g) furnish to each seller of Registrable Securities covered by such registration statement a signed counterpart, addressed to such seller (and the underwriters, if any) of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement (or, if such registration involves an underwritten public offering, dated the date of the closing under the underwriting agreement), reasonably satisfactory in form and substance to the sellers of not less than 50% of such Registrable Securities (and the managing underwriter, if any); and (ii) a "comfort" letter, dated the effective date of such registration statement (or, if such registration involves an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified the Company's financial statements included in such registration statement, covering such matters with respect to such registration statement as are customarily covered in accountants' letters delivered to the underwriters in underwritten offerings of securities as may reasonably be requested by the sellers of not less than 50% of such Registrable Securities (and the managing underwriter, if any); and (h) make available for inspection by any seller of such Registrable Securities covered by such registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such seller or any such underwriter (individually, an "Inspector" and collectively, the "Inspectors"), all pertinent financial and other records, pertinent corporate documents and properties of the Company as shall be reasonably necessary to enable them to exercise their due diligence responsibility (collectively, the "Records"), and cause all of the Company's officers, directors and employees to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; provided that any Records that are designated -------- by the Company in writing as confidential shall be kept confidential by the Inspectors unless (A) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in such registration statement or (B) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction or by any regulatory authority having jurisdiction. Each Investor agrees that non-public information obtained by it as a result of such Inspections shall be deemed confidential and acknowledges its obligations under the Federal securities laws not to trade any securities of the Company on the basis of material non-public information. The Company may require each seller of Registrable Securities as to which any registration is being effected promptly to furnish to the Company such information regarding such seller and the distribution of such securities Registrable Securities as may be legally required. Such information shall be furnished in writing and shall state that it is being furnished for use in the Company may from time to time reasonably request in writingregistration statement. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision clause (ge) of this Section 1.35, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to covering such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision clause (ge) of this Section 1.3 5, and, if so directed by the Company, such holder will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, copies then in such holder's possession possession, of the prospectus relating to covering such Registrable Securities current at the time of receipt of the Company's notice. In the event the Company shall give any such notice, the period mentioned in clause (b) of this Section 5 shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to clause (e) of this Section 5 and including the date when each seller of Registrable Securities covered by such registration statement shall have received the copies of the supplemented or amended prospectus contemplated by clause (e) of this Section 5. To the extent not inconsistent with applicable law, each holder of Registrable Securities whose Common Stock is included in a registration statement hereunder, if requested by the managing underwriter or underwriters for such registration, agrees not to effect any public sale or distribution of Registrable Securities, including a sale pursuant to Rule 144 (or any similar provision then in force) under the Securities Act, during the fifteen business days prior to, and during the 180-day period (or such shorter period as may be agreed to by such holders) beginning on, the effective date of a demand registration statement.

Appears in 1 contract

Samples: Registration Rights Agreement (Delco Remy International Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts by the provisions of Section 17.1(a) or 17.1(b) to effect the registration of any shares of Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.21933 Act, the Company will, as expeditiously as possible: (ai) subject to the timelines provided in this Agreement, prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite a registration statement required by this Section 17, with respect to effect such registration securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDand remain effective for the period of the distribution contemplated thereby (determined as herein provided), HOWEVER, that and promptly provide to the Company may discontinue any registration holders of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date copies of all filings and Commission letters of comment including a notification by confirmed telecopier and overnight express delivery of the registration statement relating theretodeclaration of effectiveness of any Registration Statement within twenty-four (24) hours of such NEWYORK01 1037898v7 362761-000013 effectiveness; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective until such registration statement has been effective for a period of two (2) years, and to comply with the provisions of the Securities 1933 Act with respect to the disposition of all of the Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the Seller's intended methods method of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any statement for such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyperiod; (ciii) furnish to each seller of Registrable Securities covered by such registration statementthe Seller, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits)at the Company’s expense, such number of copies of the prospectus contained in such registration statement and the prospectus included therein (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under as such persons reasonably may request in order to facilitate the Securities Act, in conformity with the requirements public sale or their disposition of the Securities Act, and such other documents, as such seller may reasonably request; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities statement; (iv) use its best efforts to register or blue sky laws of such States of qualify the United States of America where an exemption is not available and as the sellers of Seller's Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration under the securities or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in "blue sky" laws of such jurisdictions of as the securities to be sold by such sellersSeller, except provided, however, that the Company shall not for any such purpose be required to qualify generally to do transact business as a foreign corporation in any jurisdiction wherein where it would is not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all if applicable, list the Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in any securities exchange on which the opinion Common Stock of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securitiesis then listed; (fvi) furnish at immediately notify the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time Seller when a prospectus relating thereto is required to be delivered under the Securities 1933 Act, upon discovery that, or upon of the happening of any event of which the Company has knowledge as a result of which, which the prospectus included contained in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registrationthen existing; and (jvii) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities provided same would not be in violation of the same class covered provision of Regulation FD under the 1934 Act, make available for inspection by such registration statement are then listed andthe Seller, if no such Registrable Securities are so listedand any attorney, on any national securities exchange on which accountant or other agent retained by the Common Stock is then listed. The Company may require each seller Seller or underwriter, all publicly available, non-confidential financial and other records, pertinent corporate documents and properties of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at and cause the Company's expense) officers, directors and employees to supply all copiespublicly available, other than permanent file copiesnon-confidential information reasonably requested by the seller, then attorney, accountant or agent in connection with such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeregistration statement.

Appears in 1 contract

Samples: Subscription Agreement (River Capital Group, Inc.)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to ----------------------- effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement a Registration Statement with respect to effect such registration Registrable Securities, and thereafter use its reasonable best efforts to cause such registration statement Registration Statement to become effective; PROVIDED, HOWEVERprovided, that before filing any Registration Statement the Company may discontinue any registration will furnish to the counsel selected by the holders of its securities which are not a majority of the Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior covered by such Registration Statement copies of all such documents proposed to the effective date of the registration statement relating theretobe filed; (b) in connection with any Demand Registration, if requested by the party requesting such Demand Registration, use its best efforts to cause to be included in such registration, a primary offering by the Company of the Company's shares of Common Stock having an aggregate value (based on the midpoint of the proposed offering price range specified in the Registration Statement used to offer such securities) of up to $20 million ("Company ------- Registrable Securities"); ---------------------- (c) prepare and file with the Commission such amendments and supplements to such registration statement Registration Statement and the prospectus Prospectus used in connection therewith as may be necessary to keep such registration statement Registration Statement effective for a period of not less than 180 days or such shorter period which will terminate when all Registrable Securities covered by such Registration Statement have been sold (but not before the expiration of the applicable period referred to in Section 4(3) of the Securities Act and to Rule 174 promulgated thereunder, if applicable) and comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until Registration Statement during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the CompanyRegistration Statement; (cd) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement Registration Statement and of each such amendment and supplement thereto thereof (in each case including all exhibits), such number of copies of the prospectus contained Prospectus included in such registration statement Registration Statement (including each preliminary prospectus Prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities ActProspectus), in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities by such seller; (de) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement Registration Statement under such other securities or blue sky Blue Sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersseller; provided, except however, that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would is not but for the requirements of this subdivision (d) be obligated to be then so qualified or to consent take any action which would subject it to general service of process in any such jurisdictionjurisdiction where it is not then so subject or subject itself to general taxation in any jurisdiction where it is not then so subject; (ef) use its reasonable best efforts to cause all immediately notify each seller of any Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable SecuritiesRegistration Statement, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus Prospectus relating thereto is required to be delivered under the Securities ActAct within the appropriate period mentioned in clause (c) of this Section 4, upon discovery that, or upon of the happening of any event as a result of which, Company becoming aware that the prospectus Prospectus included in such registration statementRegistration Statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller promptly within ten days prepare and furnish to it all sellers a reasonable number of copies of a supplement to an amended or an amendment of such prospectus supplemental Prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus Prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under then existing; (g) cause all such Registrable Securities to be listed on each securities exchange on which they were made;similar securities issued by the Company are then listed and, if not so listed, to be listed on the Nasdaq National Market of The Nasdaq Stock Market, Inc. ("Nasdaq"), and arrange for at least two market makers ------ to register as such with respect to the Registrable Securities with the National Association of Securities Dealers, Inc. (h) provide an independent transfer agent and registrar for such Registrable Securities covered by such Registration Statement not later than the effective date of such Registration Statement; (i) furnish to each seller of Registrable Securities covered by such Registration Statement an original, manually signed copy, addressed to such seller (and the underwriters, if any) of: (i) an opinion of counsel for the Company, dated the effective date of such Registration Statement (or, if such registration involves an underwritten public offering, dated the date of the closing under the underwriting agreement), reasonably satisfactory in form and substance to the sellers of not less than 50% of such Registrable Securities (and the managing underwriter, if any); and (ii) a "comfort letter," dated the effective date of such Registration Statement (or, if such registration involves an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified the Company's financial statements included in such Registration Statement, covering such matters with respect to such Registration Statement as are customarily covered in accountants' letters delivered to the underwriters in underwritten offerings of securities as may reasonably be requested by the sellers of not less than 50% of such Registrable Securities (and the managing underwriter, if any); (j) make available for inspection by any seller of such Registrable Securities covered by such Registration Statement, by any underwriter participating in any disposition to be effected pursuant to such Registration Statement and by any attorney, accountant or other agent retained by any such seller or any such underwriter (any of the foregoing persons, including such seller, individually an "Inspector" and collectively the --------- "Inspectors"), all pertinent financial and other records, pertinent corporate ---------- documents and properties of the Company as shall be reasonably requested by an Inspector (collectively, the "Records"), and cause all of the Company's ------- officers, directors and employees to supply all information reasonably requested by any Inspector in connection with such Registration Statement; provided that any Records that are designated by the Company in writing as confidential shall be kept confidential by the Inspectors unless (A) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in such Registration Statement or (B) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction or by any regulatory authority having jurisdiction. Each Investor agrees that non-public information obtained by it as a result of such Inspections shall be deemed confidential and acknowledges its obligations under the federal securities laws not to trade any securities of the Company on the basis of material non-public information; (k) enter into such customary agreements (including underwriting agreements in customary form) and take all such other actions as the holders of a majority of the Registrable Securities being sold or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities (including, without limitation, effecting a stock split or combination of shares); (l) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings earning statement covering the period of at least twelve months, but not more than eighteen months, 12 months beginning with the first day of the Company's first full calendar month quarter after the effective date of such registration statementthe Registration Statement, which earnings earning statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller ; (m) permit any holder of Registrable Securities which holder, in its sole and exclusive judgment, might be deemed to be an underwriter or a copy controlling person of any amendment or supplement the Company, to participate in the preparation of such registration or comparable statement or prospectusand to require the insertion therein of material, furnished to the Company in writing, which in the reasonable judgment of such holder and its counsel should be included; (in) provide and in the event of the issuance of any stop order suspending the effectiveness of a registration statement, or of any order suspending of preventing the use of any related Prospectus or suspending the qualification of any Common Stock included in such Registration Statement for sale in any jurisdiction, the Company will use its reasonable best efforts promptly to obtain the withdrawal of such order; and (o) use its best efforts to cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all such Registrable Securities covered by such registration statement from and after a date not later than Statement to be registered or approved by such other governmental agencies or authorities as may be necessary to enable the effective date sellers thereof to consummate the disposition of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listedSecurities. The Company may require each seller of Registrable Securities as to which any registration is being effected promptly to furnish to the Company such information regarding such seller and the distribution of such securities Registrable Securities as may be legally required. Such information shall be furnished in writing and shall state that it is being furnished for use in the Company may from time to time reasonably request in writingRegistration Statement. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision clause (gf) of this Section 1.34, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to Registration Statement covering such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus Prospectus contemplated by subdivision clause (gf) of this Section 1.3 4, and, if so directed by the Company, such holder will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, copies then in such holder's possession possession, of the prospectus relating to Prospectus covering such Registrable Securities current at the time of receipt of the Company's notice. In the event the Company shall give any such notice, the period mentioned in clause (c) of this Section 4 shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to clause (f) of this Section 4 up to and including the date when each seller of Registrable Securities covered by such Registration Statement shall have received the copies of the supplemented or amended Prospectus contemplated by clause (f) of this Section 4. If any Registration Statement or comparable statement contemplated by this Agreement refers to any holder by name or otherwise as the holder of any securities of the Company and if, in its sole and exclusive judgment, such holder is or might be deemed to be a controlling person of the Company, such holder shall have the right to require (i) the insertion therein of language, in form and substance satisfactory to such holder and presented to the Company in writing, to the effect that the holding by such holder of such securities is not to be construed as a recommendation by such holder of the investment quality of the Company's securities covered thereby and that such holding does not imply that such holder will assist in meeting any future financial requirements of the Company, or (ii) in the event that such reference to such holder by name or otherwise is not required by the Securities Act or any similar federal statute then in force, the deletion of the reference to such holder, provided that with respect to this clause (ii) such holder shall furnish to the Company an opinion of counsel to such effect which opinion and counsel shall be reasonably satisfactory to the Company.

Appears in 1 contract

Samples: Registration Rights Agreement (Fifty Three Dredging Corp)

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Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1, 2.2 and 1.22.3, the Company will, as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(aSections 2.1 and 2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that that, except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of 135 days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companywhether or not such securities have been disposed of; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (ix) to register or qualify all Registrable Securities and other securities covered by such registration statement as the sellers of Registrable Securities covered by such registration statement shall reasonably request, under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably requestavailable, (iiy) to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iiiz) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) use its best efforts to obtain and furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, as expeditiously as possiblewill promptly: (ai) prepare and (and, in any event within 90 30 days after the end of the period within which requests a request for registration may be given to the Company or in any event as soon thereafter as practicable) Company, file with the Commission the requisite SEC a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that effective within 90 days of the Company may discontinue any registration of its securities which are not Registrable Securities initial filing (and, under in the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date case of the registration statement relating theretoinitial Shelf Registration, effective no later than 180 days after date hereof); (bii) prepare and file with the Commission SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period not in excess of one year and to comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDprovided that before filing a registration statement or prospectus, that except or any amendments or supplements thereto in accordance with respect paragraphs 7(e)(i) or (ii), the Company will furnish to counsel selected pursuant to paragraph 7(j) hereof copies of all documents proposed to be filed, which documents will be subject to the review of such counsel and the Company shall not file any such registration statement filed pursuant document to Rule 415 under which the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the CompanyDemand Party objects; (ciii) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibitsexhibits filed therewith, including any documents incorporated by reference), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities by such seller in accordance with such Seller’s intended method of disposition; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement in such jurisdictions as each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not where, but for the requirements of this subdivision subparagraph (d) iv), it would not be obligated to be so qualified qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (gvi) notify each seller of any such Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon of the happening of any event as a result of which, Company’s becoming aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller promptly prepare and furnish to it such seller a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (hvii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, practicable (but not more than eighteen 18 months, beginning with the first full calendar month ) after the effective date of such the registration statement, which an earnings statement which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectusAct; (iviii) use its best efforts to list Registrable Securities on any securities exchange or quotation service on which the Common Stock is then listed if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange or service; and (ii) use its best efforts to provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all such Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (jix) use its reasonable best efforts enter into such customary agreements (including an underwriting agreement in customary form), which may include indemnification provisions in favor of underwriters and other Persons in addition to, or in substitution for the provisions of paragraph 7(e) hereof, and take such other actions as sellers of a majority of shares of such Registrable Securities or the underwriters, if any, reasonably request in order to list all expedite or facilitate the disposition of such Registrable Securities; (x) obtain a “cold comfort” letter or letters from the Company’s independent public accounts in customary form and covering matters of the type customarily covered by “cold comfort” letters as the seller or sellers of a majority of shares of such Registrable Securities shall reasonably request; (xi) make available for inspection by any seller of such Registrable Securities covered by such registration statement on statement, by any national securities exchange on which Registrable Securities of the same class covered by underwriter participating in any disposition to be effected pursuant to such registration statement are then listed and by any attorney, accountant or other agent retained by any such seller or any such underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of the Company’s officers, directors and employees to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; (xii) notify counsel for the registered holders of Registrable Securities included in such registration statement and the managing underwriter or agent, immediately, and confirm the notice in writing (i) when the registration statement, or any post-effective amendment to the registration statement, shall have become effective, or any supplement to the prospectus or any amendment to the prospectus shall have been filed, (ii) of the receipt of any comments from the SEC, (iii) of any request of the SEC to amend the registration statement or amend or supplement the prospectus or for additional information, and (iv) of the issuance by the SEC of any stop order or similar order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus, or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, or of the institution or threatening of any proceedings for any of such purposes; (xiii) make every reasonable effort to prevent the issuance of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus and, if no any such order is issued, to obtain the withdrawal of any such order as soon as practicable; (xiv) if requested by the managing underwriter or agent or any registered holder of Registrable Securities are so listedcovered by the registration statement, on promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or agent or such registered holder reasonably requests to be included therein, including, with respect to the number of Registrable Securities being sold by such registered holder to such underwriter or agent, the purchase price being paid therefor by such underwriter or agent and with respect to any national other terms of the underwritten offering of the Registrable Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such prospectus supplement or post-effective amendment; (xv) cooperate with the registered holders of Registrable Securities covered by the registration statement and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing securities exchange on which to be sold under the Common Stock is then listed. The registration statement, and enable such securities to be in such denominations and registered in such names as the managing underwriter or agent, if any, or such registered holders may request; (xvi) obtain for delivery to the registered holders of Registrable Securities being registered and to the underwriter or agent an opinion or opinions from counsel for the Company may require in customary form and in form, substance and scope reasonably satisfactory to such registered holders, underwriters or agents and their counsel; (xvii) cooperate with each seller of Registrable Securities as to which any registration is being effected to furnish and each underwriter or agent participating in the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition disposition of such Registrable Securities that, upon receipt and their respective counsel in connection with any filings required to be made with any national stock exchange or quotation system; and (xviii) use its best efforts to make available the executive officers of any notice from the Company of to participate with the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition registered holders of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented and any underwriters in any “road shows” or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed other selling efforts that may be reasonably requested by the Company, will deliver to registered holders of Registerable Securities in connection with the Company (at methods of distribution for the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeSecurities.

Appears in 1 contract

Samples: Warrant Agreement (Thornburg Mortgage Inc)

Registration Procedures. If and whenever when-ever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective in accordance with Section 2.1(d)(i) hereof and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company135 days; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (ix) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (iiy) to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iiiz) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the reasonable opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Hawaiian Airlines Inc/Hi)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.2, 2.2 the Company willshall, as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicablepossible) file with the Commission the requisite registration statement to effect such registration (including such audited financial statements as may be required by the Securities Act or the rules and regulations promulgated thereunder) and thereafter use its reasonable best efforts to cause such registration statement to become and remain effective; PROVIDED, HOWEVER, provided however that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities covered by such registration statementParticipating Holder and each underwriter, if any, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller Participating Holder and such underwriter, if any, may reasonably requestrequest in order to facilitate the public sale or other disposition of the Registrable Securities; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities laws or blue sky laws of such States jurisdictions as any seller thereof and any underwriter of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered securities being sold by such registration statement seller shall reasonably request, (ii) to keep such registration registrations or qualification qualifications in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller and underwriter to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at notify each Participating Holder and the effective date of such registration statement to each seller of Registrable Securities, and each such seller's managing underwriter or underwriters, if any, a signed counterpart of: promptly and confirm such advice in writing promptly thereafter (iv) an opinion of counsel for when the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect prospectus or any prospectus supplement related thereto or post-effective amendment to such the registration statement (and the prospectus included therein) has been filed, and, in the case of the accountants' comfort letter, with respect to events subsequent the registration statement or any post-effective amendment thereto, when the same has become effective; (w) of any request by the Commission for amendments or supplements to the date registration statement or the prospectus or for additional information; (x) of such financial statements, the issuance by the Commission of any stop order suspending the effectiveness of the registration statement or the initiation of any proceedings by any Person for that purpose; (y) if at any time the representations and warranties of the Company made as are customarily covered in opinions contemplated by Section 2.4 below cease to be true and correct; and (z) of issuer's counsel and in accountants' comfort letters delivered the receipt by the Company of any notification with respect to the underwriters in underwritten public offerings of securities and, in the case suspension of the accountants' comfort letter, qualification of any Registrable Securities for sale under the securities or blue sky laws of any jurisdiction or the initiation or threat of any proceeding for such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably requestpurpose; (g) notify each seller of Registrable Securities covered by such registration statement Participating Holder, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller Participating Holder promptly prepare and furnish to it such seller or Participating Holder and each underwriter, if any, a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) make every reasonable effort to obtain the withdrawal of any order suspending the effectiveness of the registration statement at the earliest possible moment; (i) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly will furnish to each such seller of Registrable Securities Participating Holder at least five business days prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectusprospectus and shall not file any thereof to which such Participating Holder shall have reasonably objected on the grounds that such amendment or supplement does not comply in all material respects with the requirements of the Securities Act or of the rules or regulations thereunder; (ij) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (jk) enter into such agreements and take such other actions as any Participating Holder shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities; (l) use its reasonable best efforts to list cause all Registrable Securities covered by such the applicable registration statement to be listed on any national each securities exchange or market on which Registrable Securities any of the same Company's securities of such class covered by such registration statement are then listed or quoted; and (m) use its best efforts to provide a CUSIP number for the Registrable Securities, if no such Registrable Securities are so listed, on any national securities exchange on which not later than the Common Stock is then listedeffective date of the registration statement. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees The Holders agree by acquisition of such the Registrable Securities that, upon receipt of any notice from the Company of the happening occurrence of any event of the kind described in subdivision (gf) of this Section 1.32.3, such holder the Holders will forthwith discontinue such holder's disposition their respective dispositions of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until each such holderHolder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gf) of this Section 1.3 2.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holderHolder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. If any such registration statement refers to any Holder by name or otherwise as the holder of any securities of the Company, then such Holder shall have the right to require (i) the insertion therein of language, in form and substance satisfactory to such Holder, to the effect that the holding by such Holder of such securities is not to be construed as a recommendation by such Holder of the investment quality of the Company's securities covered thereby and that such holding does not imply that such Holder will assist in meeting any future financial requirements of the Company, or (ii) in the event that such reference to such Holder by name or otherwise is not required by the Securities Act or any similar federal statute then in force, the deletion of the reference to such Holder.

Appears in 1 contract

Samples: Registration Rights Agreement (Sun Healthcare Group Inc)

Registration Procedures. If and whenever Whenever the holders of Registrable ----------------------- Securities have requested that any Registrable Securities be registered pursuant to this Agreement, the Company is required to will use its reasonable best efforts to effect the registration and the sale of any such Registrable Securities under in accordance with the Securities Act as provided in Sections 1.1 intended method of disposition thereof, and 1.2, pursuant thereto the Company will, will as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Securities and Exchange Commission (in the requisite case of a registration pursuant to paragraph 1 hereof, such filing to be made within 30 days of the initial request therefor) a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDand remain effective (provided that not less than 5 business days before filing a registration statement or prospectus or any amendments or supplements thereto, HOWEVER, that the Company may discontinue any registration will furnish to the counsel selected by the holders of its securities which are not a majority of the Registrable Securities (andcovered by such registration statement copies of all such documents proposed to be filed, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior documents will be subject to the effective date reasonable review of the registration statement relating theretosuch counsel); (b) prepare and file with the Securities and Exchange Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period of not less than six months and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities covered and each underwriter, if any, of the securities being sold by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits)seller, such number of copies of such registration statement, each amendment and supplement thereto, the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities owned by such seller; (d) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available jurisdictions as any seller reasonably requests and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, do any and (iii) to take any all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellers, except seller (provided that the Company shall will not for any such purpose be required to (i) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision subparagraph, (dii) be obligated subject itself to be so qualified taxation in any such jurisdiction, or to (iii) consent to general service of process in any such jurisdiction); (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of such Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon of the happening of any event as a result of which, which the prospectus included in such registration statement, as then in effect, includes statement contains 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 under which they were madeand, and at the request of any such seller promptly seller, the Company will prepare and furnish to it a reasonable number of copies of a supplement or amendment to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall will not include contain an untrue statement of a material fact or omit to state a material any fact required to be stated therein or necessary to make the statements therein not misleading misleading; (f) advise each seller of Registrable Securities covered by such registration statement, promptly after it receives notice thereof, of the time when such registration statement, or any supplement thereto, or any amendment to such registration statement have become effective or any related prospectus or any supplement to such prospectus or any amendment to such prospectus has been filed, of the issuance by the Securities and Exchange Commission of any stop order or of any order preventing or suspending the use of any related preliminary prospectus or prospectus, of the suspension of the qualification of such Registrable Securities for offering or sale in any jurisdiction, of the initiation or threatening of any proceeding for any such purpose, or of any request by the Securities and Exchange Commission for the amending or supplementing of such registration statement or prospectus or for additional information; and in the light event of the circumstances under which they were madeissuance of any stop order or of any order preventing or suspending the use of any such preliminary prospectus or prospectus or suspending any such qualification, to use promptly its best efforts to obtain withdrawal of such order; (g) file promptly all documents required to be filed with the Securities and Exchange Commission pursuant to Sections 13, 14 or 15(d) of the Exchange Act subsequent to the time such registration statement becomes effective and during any period when any related prospectus is required to be delivered; (h) cause all such Registrable Securities to be listed on each securities exchange on which similar securities issued by the Company are then listed and, if not so listed, to be listed on the NASD Automated Quotation System if so qualified; (i) provide an independent transfer agent and registrar for all such Registrable Securities not later than the effective date of such registration statement; (j) enter into such customary agreements (including underwriting agreements in customary form) and take all such other actions as the holders of a majority of the Registrable Securities being sold or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities; (k) make available for inspection by any seller of Registrable Securities, any underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other agent retained by any such seller or underwriter, all financial and other records, pertinent corporate documents and properties of the Company, and cause the Company's officers, directors, employees and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; and (l) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Securities and Exchange Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, months beginning with the first day of the Company's first full calendar month quarter after the effective date of such the registration statement, which earnings statement shall satisfy the provisions of Section 11(all(a) of the Securities Act and Rule 158 promulgated thereunder. In connection with the Demand Registration or any Piggyback Registration, and promptly furnish to each such seller the holders of Registrable Securities a copy will expeditiously supply the Company with all reasonably requested information and copies of all documents reasonably necessary to effect such registration in compliance with the Securities Act and the rules and regulations thereunder and shall otherwise cooperate with the Company and its counsel in expediting the effectiveness of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Core Inc)

Registration Procedures. If and whenever the Company Issuer is required to use its reasonable best efforts to effect the registration of any Registrable Securities Common Shares under the Securities Act as provided in Sections 1.1 and 1.2Section 3.02 or 3.03, the Company Issuer will, as expeditiously promptly as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite a registration statement on an appropriate Form (subject to effect such registration 3.02(c)), and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any effective and to remain effective until such time prior to the effective date as all of the registration statement relating thereto; (b) Registrable Common Shares are sold or may be sold in a single transaction pursuant to Rule 144 and prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for the period specified above and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers Registering Holders thereof set forth in such registration statement; PROVIDEDprovided that the Issuer will, that except at least 5 Business Days (or at least 3 Business Days in the case of incidental registrations) prior to filing a registration statement or prospectus or any amendment or supplement thereto, furnish to each Registering Holder copies of such registration statement or prospectus (or amendment or supplement) as proposed to be filed (including, upon the request of such Holder, documents to be incorporated by reference therein) which documents will be subject to the reasonable review and comments of such Holder (and its attorneys) during such 5-Business Day period (or 3-Business Day period, as the case may be) and the Issuer will not file any registration statement, any prospectus or any amendment or supplement thereto (or any such documents incorporated by reference) containing any statements with respect to any such registration statement filed pursuant Holder to Rule 415 under the Securities Act, which such period need not exceed the number of days set forth Holder shall reasonably object in Rule 3-12(g) of Regulation S-X that applies to the Companywriting; (cb) furnish to each seller of Registrable Securities covered by such registration statement, Registering Holder such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 or Rule 430A under the Securities Act, in conformity with the requirements of the Securities Act, documents incorporated by reference in such registration statement, amendment, supplement or prospectus and such other documents, documents (in each case including all exhibits) as such seller a Registering Holder may reasonably request; (c) after the filing of the registration statement, promptly notify each Registering Holder of the effectiveness thereof and of any stop order issued or threatened by the Commission and take all reasonable actions required to prevent the entry of such stop order or to remove it if entered and promptly notify such Registering Holder of such lifting or withdrawal of such order; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities Common Shares and other securities covered by such registration statement under such other securities or blue sky laws of such States jurisdictions as the Registering Holders holding a majority of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by Common Shares to be included in such registration statement or the underwriter shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers the Registering Holders to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersRegistering Holders, except that the Company Issuer shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (dSection 3.04(d) be obligated to be so qualified qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities Common Shares covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof Registering Holders to consummate the disposition of such Registrable SecuritiesCommon Shares; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, immediately notify each Registering Holder upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller promptly prepare and furnish to it such Registering Holder a reasonable number of copies of a any supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (g) use its reasonable best efforts to list all Registrable Common Shares covered by such registration statement on any securities exchange or quotation system on which any of the Registrable Common Shares is then listed or traded; and (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of or such registration statement, which earnings statement other document that shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and . The Issuer may require each Registering Holder to promptly furnish to each the Issuer, as a condition precedent to including such seller of Registering Holder's Registrable Securities a copy of Common Shares in any amendment or supplement to registration, such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such written information regarding such seller Registering Holder and the distribution of such securities as the Company Issuer may from time to time reasonably request in writing. Each holder of Registrable Securities Holder agrees by acquisition of such Registrable Securities that, that upon receipt of any notice from the Company Issuer of the happening of any event of the kind described in subdivision (g) of this Section 1.33.04(g), such holder Holder will forthwith discontinue such holderHolder's disposition of Registrable Securities Common Shares pursuant to the registration statement relating to such Registrable Securities Common Shares until such holderHolder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gSection 3.04(g) of this Section 1.3 and, if so directed by the CompanyIssuer, will deliver to the Company Issuer (at the CompanyIssuer's expense) all copies, other than permanent file copies, then in such holderHolder's possession possession, of the prospectus and any amendments or supplements thereto relating to such Registrable Securities Common Shares current at the time of receipt of such notice. In the event the Issuer shall give such notice, the Issuer shall extend the period during which the effectiveness of such registration statement shall be maintained by the number of days during the period from and including the date of the giving of notice pursuant to Section 3.04(g) to the date when the Issuer shall make available to the Holders a prospectus supplemented or amended to conform with the requirements of Section 3.04(g).

Appears in 1 contract

Samples: Shareholder Agreement (Winstar Communications Inc)

Registration Procedures. If and whenever the Company is ----------------------- required to use its reasonable best efforts to effect the registration of any Registrable Eligible Securities under the Securities Act as provided in Sections 1.1 and 1.2, the Company will, shall as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) possible file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERprovided that before filing such registration statement or any amendments -------- thereto, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior shall furnish to the effective date counsel to the Selling Stockholders copies of all such documents proposed to be filed, which documents will be subject to the registration statement relating theretoreview of such counsel; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement continuously effective for a period of either (i) not less than 120 days (subject to extension pursuant to the last paragraph of this Section 1.3) or, if such registration statement relates to an underwritten offering, such longer period as in the opinion of counsel for the underwriters a prospectus is required by law to be delivered in connection with sales of securities by an underwriter or dealer; or (ii) such shorter period as is required for the disposition of all of the securities covered by such registration statement in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement (but in any event not before the expiration of any longer period of effectiveness required under the Securities Act), and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documentsdocuments in order to facilitate the disposition of such securities owned by such seller in accordance with such seller's intended method of disposition, as such seller may reasonably request, but only during such time as the Company shall be required under the provisions hereof to cause such registration statement to remain current; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of jurisdictions in the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions in the United States of the securities to be sold owned by such sellersseller, except provided that the Company shall not for any such purpose be required to (i) -------- qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision subsection (d), (ii) be obligated to be so qualified or to consent to general service of process in any such jurisdiction, (iii) subject itself to taxation in any such jurisdiction or (iv) conform its capitalization or the composition of its assets at the time to the securities or blue sky laws of such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities United States Governmental Authorities as may be necessary in by virtue of the opinion business and operations of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securitiesthereof; (f) use its reasonable efforts to furnish at the effective date of such registration statement to each seller of Registrable SecuritiesSelling Stockholder a signed counterpart, addressed to such Selling Stockholder (and each such seller's the underwriters, if any), a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement (and, if applicablesuch registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), reasonably satisfactory in form and substance to such Selling Stockholder, and (ii) a "comfort" letter letter, dated the effective date of such registration statement (and, if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), reasonably satisfactory in form and substance to such Selling Stockholder, signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably requestsecurities; (g) notify furnish to each seller such Selling Stockholder at least five Business Days prior to the filing thereof a copy of Registrable Securities covered by any amendment or supplement to such registration statement or prospectus (other than any amendment or supplement in the form of a filing which the Company is required to make pursuant to the Exchange Act) and not file any such amendment or supplement to which any such Selling Stockholder shall have reasonably objected on the grounds that, in the opinion of counsel to such Selling Stockholder, such amendment or supplement does not comply in all material respects with the requirements of the Securities Act; (h) notify each Selling Stockholder, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the discovery of the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller Selling Stockholder promptly prepare and furnish to it such Selling Stockholder a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hi) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the a period of at least twelve months, but not more than eighteen months, months beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectusAct; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list provide customary assistance to the underwriters in their selling efforts and presentations to prospective investors; and (k) use its reasonable efforts to cause all Registrable such Eligible Securities covered by such registration statement to be listed on any a national securities exchange or on the National Association of Securities Dealers, Inc. National Market System (if such Eligible Securities are not already so listed), and on each other securities exchange on which Registrable Securities of similar securities issued by the same class covered by such registration statement Company are then listed andlisted, if no the listing of such Registrable Eligible Securities are so listed, on any national securities exchange on which the Common Stock is then listedpermitted under the rules of such exchange. The Company may require each seller of Registrable Securities as to which any registration is being effected Selling Stockholder to furnish the Company in writing for inclusion in the registration statement such information regarding such seller Selling Stockholder and the distribution of such securities Eligible Securities being sold as the Company may from time to time reasonably request in writingrequest. Each Selling Stockholder agrees by becoming a holder of Registrable Eligible Securities agrees by acquisition of such Registrable Securities that, that upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision subsection (gh) of this Section 1.3, such holder will Selling Stockholder shall forthwith discontinue such holderSelling Stockholder's disposition of Registrable Eligible Securities pursuant to the registration statement relating to such Registrable Eligible Securities until such holderSelling Stockholder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision subsection (gh) of this Section 1.3 and, if so directed by the Company, will such Selling Stockholder shall use its reasonable efforts to deliver to the Company (at the Company's expense) all copies, other than permanent file copies, copies then in such holderSelling Stockholder's possession possession, of the prospectus relating to such Registrable Eligible Securities current at the time of receipt of such notice. If the Company shall give any such notice, the applicable time period mentioned in subsection (b) of this Section 1.3 during which a registration statement is to remain effective shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to subsection (h) of this Section 1.3, to and including the date when each Selling Stockholder shall have received the copies of the supplemented or amended prospectus contemplated by subsection (h) of this Section 1.3.

Appears in 1 contract

Samples: Registration Rights Agreement (Sprint Corp)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 7.4 or 7.5, the Company will, subject to the limitations provided herein, as expeditiously as possible: (a) prepare and (within 90 as soon thereafter as possible or in any event no later than 60 days after the end of the period within which requests for registration may be given to the Company or such longer period as the Company shall in any event as soon thereafter as practicablegood faith require to produce the financial statements required in connection with such registration) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, provided that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDprovided, however, that except with respect the Company shall not in any event be required to any keep the registration statement effective for a period of more than nine months after such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companybecomes effective; (c) furnish to each seller of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 414 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably reasonable request; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effecteffect (provided, however, that the Company shall not in any event be required to keep such registration or qualification in effect for a period of more than nine months after such registration or qualification becomes effective), and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision subsection (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal United States Federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable SecuritiesSecurities a copy, and each such seller's or, upon request, a signed counterpart, addressed to the underwriters, if any, a signed counterpart of: of (i) an opinion of counsel for the Company, dated the effective date of such registration statement (and, if applicablesuch registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), and and (ii) a "comfort" letter letter, dated the effective date of such registration statement (and, if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified audited the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, matters as the underwriters underwriters, if any, may reasonably reasonable request; (g) notify each seller of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller promptly seller, prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, months beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunderAct, and promptly will furnish to each such seller seller, upon request of Registrable Securities such seller, at least five days prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectusprospectus and shall not file any thereof to which any such seller shall have delivered to the Company an opinion of counsel that such amendment or supplement does not comply in all material respects with the requirements of the Securities Act or of the rules and regulations thereunder; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which any of the Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed; and (k) refrain from making any sale or distribution of any equity securities of the Company, except pursuant to any employee stock option plan and any preexisting agreement for the sale of such securities, for at least ninety (90) days after the closing of the public offering pursuant to such registration. The It shall be a condition precedent to the obligations of the Company may require each to take any action with respect to registering a holder's Registrable Securities pursuant to this Section 7.6 that such seller of Registrable Securities as to which any registration is being effected to furnish the Company in writing such information regarding such seller seller, the Registrable Securities and other securities of the Company held by such seller, and the distribution of such securities as the Company may from time to time reasonably request in writing. If a holder refuses to provide the Company with any of such information on the grounds that it is not necessary to include such information in the registration statement, the Company may exclude such holder's Registrable Securities from the registration statement if the Company provides such holder with an opinion of counsel to the effect that such information must be included in the registration statement and such holder thereafter continues to withholder such information. The deletion of such holder's Registrable Securities from a registration statement shall not affect the registration of the other Registrable Securities to be included in such registration statement. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, that upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.37.6(g), such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gSection 7.6(g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, copies then in such holder's possession possession, of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Representative's Warrant Agreement (Bio Aqua Systems Inc)

Registration Procedures. If and whenever the Company is ----------------------- required to use its reasonable best efforts to effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, as expeditiously as possible: (a) prepare and (and, in any event within 90 120 days after the end of the period within which requests a request for registration may be given to the Company or in any event as soon thereafter as practicable) Company, file with the Commission the requisite a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period not in excess of 180 days and to comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDprovided, that except with respect to any such before filing a registration statement filed or prospectus, or any amendments or supplements thereto, the Company will furnish to counsel selected pursuant to Rule 415 under the Securities ActArticle VI hereof copies of all documents proposed to be filed, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies which documents will be subject to the Companyreview of such counsel; (c) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibitsexhibits filed therewith, including any documents incorporated by reference), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities by such seller; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement in such jurisdictions as each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not where, but for the requirements of this subdivision subsection (d) ), it would not be obligated to be so qualified qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities Governmental Entities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of any such Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon of the happening of any event as a result of which, Company's becoming aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller promptly seller, prepare and furnish to it such seller a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (hg) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, practicable (but not more than eighteen 18 months, beginning with the first full calendar month ) after the effective date of such the registration statement, which an earnings statement which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectusAct; (h) (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all if such Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) are Common Stock, use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The listed if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange; and (ii) use its best efforts to provide a transfer agent and registrar for such Registrable Securities covered by such registration statement not later than the effective date of such registration statement; (i) enter into such customary agreements (including an underwriting agreement in customary form), which may include indemnification provisions in favor of underwriters and other Persons in addition to, or in substitution for the provisions of Article IV hereof, and take such other actions as sellers of a majority of shares of such Registrable Securities or the underwriters, if any, reasonably requested in order to expedite or facilitate the disposition of such Registrable Securities; (j) obtain a "cold comfort" letter or letters from the Company's independent public accounts in customary form and covering matters of the type customarily covered by "cold comfort" letters as the seller or sellers of a majority of shares of such Registrable Securities shall reasonably request; (k) make available for inspection by any seller of such Registrable Securities covered by such registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such seller or any such underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of the Company's officers, directors and employees to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; (l) notify counsel (selected pursuant to Article VI hereof) for the Demand Party holding Registrable Securities included in such registration statement and the managing underwriter or agent, immediately, and confirm the notice in writing (i) when the registration statement, or any post- effective amendment to the registration statement, shall have become effective, or any supplement to the prospectus or any amendment prospectus shall have been filed, (ii) of the receipt of any comments from the Commission, (iii) of any request of the Commission to amend the registration statement or amend or supplement the prospectus or for additional information, and (iv) of the issuance by the Commission of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus, or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, or of the institution or threatening of any Actions for any of such purposes; (m) make every reasonable effort to prevent the issuance of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus and, if any such order is issued, to obtain the withdrawal of any such order at the earliest possible moment; (n) if requested by the managing underwriter or agent or any holder of Registrable Securities covered by the registration statement, promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or agent or such holder reasonably requests to be included therein, including, with respect to the number of Registrable Securities being sold by such holder to such underwriter or agent, the purchase price being paid therefor by such underwriter or agent and with respect to any other terms of the underwritten offering of the Registrable Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such prospectus supplement or post-effective amendment; (o) cooperate with the holders of Registrable Securities covered by the registration statement and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing securities to be sold under the registration statement, and enable such securities to be in such denominations and registered in such names as the managing underwriter or agent, if any, or such holders may request; (p) obtain for delivery to the holders of Registrable Securities being registered and to the underwriter or agent an opinion or opinions from counsel for the Company may require in customary form and in form, substance and scope reasonably satisfactory to such holders, underwriters or agents and their counsel; (q) cooperate with each seller of Registrable Securities as to which any registration is being effected to furnish and each underwriter or agent participating in the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition disposition of such Registrable Securities that, upon receipt and their respective counsel in connection with any filings required to be made with the NASD; and (r) use its best efforts to make available the executive officers of any notice from the Company of to participate with the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition holders of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented and any underwriters in any "road shows" or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed other selling efforts that may be reasonably requested by the Company, will deliver to Demand Party in connection with the Company (at methods of distribution for the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticeSecurities.

Appears in 1 contract

Samples: Registration Rights Agreement (Western Multiplex Corp)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, as expeditiously as possible: (ai) prepare and (and, in any event within 90 120 days after the end of the period within which requests a request for registration may be given to the Company or in any event as soon thereafter as practicable) Company, file with the Commission the requisite SEC a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERprovided, however, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in is being effected pursuant to Section 1.2(a), its securities which are Registrable Securities) 2 at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period not in excess of 270 days and to comply with the provisions of the Securities Act, the Exchange Act and the rules and regulations of the SEC thereunder with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDprovided that before filing a registration statement or prospectus, that except with respect or any amendments or supplements thereto, the Company will furnish to any counsel selected pursuant to Section 7 hereof by the Holders of the Registrable Securities covered by such registration statement filed pursuant to Rule 415 under the Securities Actrepresent such Holders, such period need not exceed the number copies of days set forth in Rule 3-12(g) of Regulation S-X that applies all documents proposed to be filed, which documents will be subject to the Companyreview of such counsel; (ciii) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibitsexhibits filed therewith, including any documents incorporated by reference), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities by such seller; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement in such jurisdictions as each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersSeller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not where, but for the requirements of this subdivision clause (d) iv), it would not be obligated to be so qualified qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all such Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (gvi) notify each seller of any such Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities ActAct within the appropriate period mentioned in clause (ii) of this Section 4, upon discovery that, or upon of the happening of any event as a result of which, Company's becoming aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller promptly seller, prepare and furnish to it such seller a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (hvii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, practicable (but not more than eighteen months, beginning with the first full calendar month ) after the effective date of such the registration statement, which an earnings statement which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 the rules and regulations promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (iviii) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Companya) for all if such Registrable Securities covered by such registration statement from and after a date not later than the effective date are Common Stock (including Common Stock issuable upon conversion, exchange or exercise of such registration; and (j) another security), use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listedlisted if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange; (b) if such Registrable Securities are convertible, exchangeable or exercisable into Common Stock, upon the reasonable request of sellers of a majority of such Registrable Securities, use its best efforts to list such securities and, if requested, the Common Stock underlying such securities, notwithstanding that at the time of request such sellers hold only such securities, on any securities exchange so requested, if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange; and (c) use its best efforts to provide a transfer agent and registrar for such Registrable Securities covered by such registration statement not later than the effective date of such registration statement; (ix) enter into such customary agreements (including an underwriting agreement in customary form), which may include indemnification provisions in favor of underwriters and other persons in addition to, or in substitution for the provisions of Section 5 hereof, and take such other actions as sellers of a majority of shares of such Registrable Securities or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities; (x) obtain a "cold comfort" letter or letters from the Company's independent public accounts in customary form and covering matters of the type customarily covered by "cold comfort" letters as the seller or sellers of a majority of shares of such Registrable Securities shall reasonably request (provided that Registrable Securities constitute at least 25% of the securities covered by such registration statement); (xi) make available for inspection by any seller of such Registrable Securities covered by such registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such seller or any such underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of the Company's officers, directors and employees to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; (xii) notify counsel (selected pursuant to Section 7 hereof) for the Holders of Registrable Securities included in such registration statement and the managing underwriter or agent, immediately, and confirm the notice in writing (i) when the registration statement, or any post-effective amendment to the registration statement, shall have become effective, or any supplement to the prospectus or any amendment prospectus shall have been filed, (ii) of the receipt of any comments from the SEC, (iii) of any request of the SEC to amend the registration statement or amend or supplement the prospectus or for additional information, and (iv) of the issuance by the SEC of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus, or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, or of the institution or threatening of any proceedings for any of such purposes; (xiii) make every reasonable effort to prevent the issuance of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus and, if any such order is issued, to obtain the withdrawal of any such order at the earliest possible moment; (xiv) if requested by the managing underwriter or agent or any Holder of Registrable Securities covered by the registration statement, promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or agent or such Holder reasonably requests to be included therein, including, without limitation, with respect to the number of Registrable Securities being sold by such Holder to such underwriter or agent, the purchase price being paid therefor by such underwriter or agent and with respect to any other terms of the underwritten offering of the Registrable Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such prospectus supplement or post-effective amendment; (xv) cooperate with the Holders of Registrable Securities covered by the registration statement and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing securities to be sold under the registration statement, and enable such securities to be in such denominations and registered in such names as the managing underwriter or agent, if any, or such Holders may request; (xvi) obtain for delivery to the Holders of Registrable Securities being registered and to the underwriter or agent an opinion or opinions from counsel for the Company in customary form and in form, substance and scope reasonably satisfactory to such Holders, underwriters or agents and their counsel; and (xvii) cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with the NASD. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company with such information regarding such seller and pertinent to the disclosure requirements relating to the registration and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder Holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision clause (gvi) of this Section 1.34, such holder Holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to covering such Registrable Securities until such holderHolder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision clause (gvi) of this Section 1.3 4, and, if so directed by the Company, such Holder will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, copies then in such holderHolder's possession possession, of the prospectus relating to covering such Registrable Securities current at the time of receipt of such notice. In the event the Company shall give any such notice, the period mentioned in clause (ii) of this Section 4 shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to clause (vi) of this Section 4 and including the date when each seller of Registrable Securities covered by such registration statement shall have received the copies of the supplemented or amended prospectus contemplated by clause (vi) of this Section 4.

Appears in 1 contract

Samples: Registration Rights Agreement (Evenflo Co Inc)

Registration Procedures. If and whenever Whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 2, the Company willCompany, as expeditiously as possible, will: (ai) with respect to the registration of Registrable Securities under the Securities Act prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicablepossible) file with the Commission the requisite registration statement to effect such registration and thereafter and, thereafter, use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERprovided however, that the Company may discontinue any registration of its securities which that are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement under the Securities Act or under any state securities or blue sky laws relating thereto; (bii) prepare and file with the Commission such which amendments and supplements to such the requisite registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as that all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof as set forth in such registration statement; PROVIDED, that except with respect to any but in no event for a period of nine consecutive months (or such longer period of time as permitted by the Securities Act) from the date on which the registration statement filed pursuant to Rule 415 became effective under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, statement (A) such number of conformed copies of such registration statement and such number of each such amendment and supplement thereto (in each case including all exhibits), (B) such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and (C) such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers each state that each seller of Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effecteffect (subject to Section 2.3(ii)), and (iii) to take any other action which that may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions states of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to either qualify generally to do business as a foreign corporation corporation, or subject itself to taxation in any jurisdiction wherein it would not not, but for the requirements of this subdivision subsection (d) iv), be obligated to be so qualified or subject to taxation or to consent to general service of process in any such jurisdictionjurisdiction or to any material restrictions on the conduct of the Company’s business, or any restrictions on payments to any of the Company’s shareholders, or require the escrow, “lockup” or placing of any restrictions on the sale and disposition of securities of the Company (other than as may have been previously imposed or existed immediately before the effective date of the registration statement under the Securities Act) held of record by any of the Company’s officers, directors or controlling Persons that is not a seller of Registrable Securities; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable SecuritiesSecurities a signed counterpart, addressed to each seller (and each such seller's the underwriters, if any, a signed counterpart ) of: (iA) an opinion of counsel for the Company, dated the effective date of such registration statement (and, if applicablesuch registration includes an underwritten offering, dated the date of the closing under the underwriting agreement) reasonably satisfactory in form and substance to such seller, and (iiB) in the event the offering is underwritten, a "comfort" letter ” letter, dated the effective date of such registration statement (and, if such registration includes an underwritten offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified the Company's ’s financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to the events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's ’s counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as such seller or such holder or holders (or the underwriters underwriters, if any) may reasonably request; (gvii) notify each seller of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 in this agreement not misleading, misleading in the light of the circumstances under which they were made, and at the request of any such seller or holder promptly prepare and furnish to it such seller or holder a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements statement therein not misleading in the light of the circumstances under which they were made; (hviii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an a historical earnings statement covering the period of at least twelve 12 months, but not more than eighteen 18 months, beginning with the first month of the first full calendar month fiscal quarter after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunderAct, and promptly will furnish to each such seller of Registrable Securities at least five business days prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectusprospectus and shall not file any amendment or supplement to the registration states to which any such seller shall have reasonably objected on the grounds that such amendment or supplement does not comply in all material respects with the requirements of the Securities Act or the rules or regulations thereunder; (iix) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registrationregistration statement; and (jx) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities any of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listedlisted or quoted on a recognized quotation service which also provides quotations of the Common Stock. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition agrees, as a condition of such Registrable Securities this Agreement, that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision Section 2.3(vii), (gi) of this Section 1.3, such holder will forthwith discontinue such holder's ’s disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's ’s receipt of the copies of the supplemented or amended prospectus contemplated by subdivision Section 2.3(vii), (gii) such holder will promptly deliver copies of this Section 1.3 andsuch supplemented or amended prospectus to each purchaser or potential purchaser to whom such holder had delivered the prospectus prior to such supplementation or amendment, and (iii) if so directed by the Company, will deliver to the Company (at the Company's ’s expense) all copies, other than permanent file copies, then in such holder's ’s possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Precis Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the any registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2(a) and 1.23 hereof, the Company willshall, as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission (within 30 days in the case of a registration initiated pursuant to Section 2(a) hereof) the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become and remain effective; PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which that are not shares of Registrable Securities Common Stock (and, under the circumstances specified in Section 1.2(a)Sections 3 and 7(b) hereof, its securities which that are shares of Registrable SecuritiesCommon Stock) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable Securities Common Stock covered by such registration statement until April 13, 2008, or such time as all of such Registrable Securities have Common Stock has been disposed of in accordance with the intended methods method of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities Common Stock covered by such registration statementstatement and each underwriter, if any, such number of copies of such drafts and final conformed copies versions of such registration statement and of each such amendment and supplement thereto (in each case including all exhibitsexhibits and any documents incorporated by reference), such number of copies of such drafts and final versions of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as the sellers of a majority of the Registrable Common Stock covered by such seller registration statement or any underwriter may reasonably requestrequest in writing; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities Common Stock and other securities securities, if any, covered by such registration statement under such other securities or blue sky laws of such States states or other jurisdictions of the United States of America where an exemption is not available and as the sellers of Registrable Securities Common Stock covered by such registration statement shall reasonably requestrequest in writing, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iii) to take any other action which that may be reasonably necessary or reasonably advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision subsection (d) be obligated to be so qualified qualified, to subject itself to taxation in such jurisdiction or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities Common Stock and other securities, if any, covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities Common Stock to enable the seller or sellers thereof to consummate the disposition of such Registrable SecuritiesCommon Stock; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities Common Stock and other securities covered by such registration statement statement, if any, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and and, at the written request of any such seller of Registrable Common Stock, promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus prospectus, as supplemented or amended, shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hg) otherwise use its reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a registration statement relating to the Registrable Common Stock at the earliest possible moment; (h) otherwise comply with all applicable rules and regulations of the CommissionCommission and any other governmental agency or authority having jurisdiction over the offering, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities Common Stock and to the managing underwriter, if any, at least ten days prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list cause all Registrable Securities Common Stock covered by a Registration Statement to be listed on a national securities exchange on which similar securities issued by the Company are then listed, if the listing of such Registrable Common Stock is then permitted under the rules of such exchange; (j) provide a transfer agent and registrar for the Registrable Common Stock covered by a registration statement no later than the effective date thereof; (k) enter into such agreements and take such other actions as the Holders holding a majority of the shares of Registrable Common Stock covered by such registration statement on any national securities exchange on which shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities Common Stock; and (l) if requested by the Holders holding a majority of the same class covered by shares of Registrable Common Stock being sold, cooperate with such registration statement are then listed andHolders to facilitate the timely preparation and delivery of certificates representing Registrable Common Stock to be sold and not bearing any restrictive legends; and enable such Registrable Common Stock to be in such share amounts and registered in such names as the managing underwriter(s) or, if no such none, the Holders holding a majority of the shares of Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company being sold, may require each seller request at least five Business Days prior to any sale of Registrable Securities as Common Stock to which the underwriters; As a condition to the obligations of the Company to complete any registration is being effected pursuant to this Agreement with respect to the Registrable Common Stock of any particular Holder, such Holder must furnish to the Company in writing such information regarding such seller itself, the Registrable Common Stock held by it and the distribution intended methods of disposition of the Registrable Common Stock held by it as is necessary to effect the registration of such securities Holders’ Registrable Common Stock and is requested in writing by the Company. At least: (i) 20 days prior to the first anticipated filing date of a Registration Statement for registration under Section 2 of this Agreement; or (ii) 20 days prior to the anticipated effectiveness date of a Registration Statement filed under Section 3 of this Agreement, the Company will notify in writing each Holder of the information referred to in the preceding sentence which the Company is requesting from that Holder whether or not such Holder has elected to have any of its Registrable Common Stock included in the Registration Statement. If, within ten days prior to the anticipated filing date or effectiveness date, as the case may be, the Company has not received the requested information from a Holder, then the Company may from time to time reasonably request in writingfile the Registration Statement without including Registrable Common Stock of that Holder. Each holder Original Holder agrees that as of the date that a final prospectus is made available to it for distribution to prospective purchasers of Registrable Securities agrees by acquisition Common Stock it shall cease to distribute copies of any preliminary prospectus prepared in connection with the offer and sale of such Registrable Securities Common Stock. Each Original Holder further agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision subsection (gf) of this Section 1.35, such holder will Original Holder shall forthwith discontinue such holder's Original Holder’s disposition of Registrable Securities Common Stock pursuant to the registration statement relating to such Registrable Securities Common Stock until such holder's Original Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by subdivision subsection (gf) of this Section 1.3 5 and, if so directed by the Company, will shall deliver to the Company (at the Company's ’s expense) all copies, other than permanent file copies, then in such holder's Original Holder’s possession of the prospectus relating to such Registrable Securities Common Stock current at the time of receipt of such notice. If any event of the kind described in subsection (f) of this Section 5 occurs and such event is the fault solely of an Original Holder(s), such Original Holder(s) shall pay all Expenses directly attributable to the preparation, filing and delivery of any supplemented or amended prospectus contemplated by subsection (f) of this Section 5. In the event a Holder that is not an Original Holder elects to have shares of its Registrable Common Stock included in a registration statement, such Holder will have agreed with each of the preceding requirements in the notice it provides to the Company regarding the inclusion of shares of its Registrable Common Stock in such registration statement.

Appears in 1 contract

Samples: Registration Rights Agreement (Bally Total Fitness Holding Corp)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2pursuant to this Agreement, the Company will, as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter will use its reasonable best efforts to cause effect the registration and sale of such Registrable Securities in accordance with the intended method of disposition thereof. Without limiting the foregoing, the Company in each such case will: (a) as far in advance as reasonably practical before filing a registration statement or any amendment thereto, will furnish to the holders of the Registrable Securities included in such registration statement copies of reasonably complete drafts of all such documents proposed to become effective; PROVIDEDbe filed (including exhibits), HOWEVER, that and any such holder shall have three (3) Business Days to object to any Holder Information contained therein and the Company may discontinue any registration of its securities which are not Registrable Securities (and, under will make the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior corrections reasonably requested by such Holder with respect to the effective date of the registration statement relating theretosuch information; (b) subject to Section and paragraph (f) below, use its reasonable best efforts to prepare and file with the Commission such amendments and supplements to such registration statement and the any prospectus used in connection therewith as may be necessary to keep maintain the effectiveness of such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of statement, in accordance with the intended methods of disposition by thereof or until the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the CompanyShelf Rration Effectiveness Period has ended; (c) promptly notify each holder of Registrable Securities included on a registration statement (and the underwriters, if any): (i) when such registration statement or any prospectus used in connection therewith, or any amendment or supplement thereto, has been filed and, with respect to such registration statement or any post-effective amendment thereto, when the same has become effective; (ii) of the notification to the Company by the Commission of the issuance of any stop order suspending the effectiveness of such registration statement, or of any order preventing or suspending the use of any preliminary prospectus; and (iii) of the receipt by the Company of any notification with respect to the suspension of the qualification or the exemption from qualification of any Registrable Securities for sale under the applicable securities or blue sky laws of any jurisdiction or the initiation of any proceeding for such purpose. (d) furnish to each seller holder of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto not later than two (in each case including all exhibits)2) Business Days after filing with the Commission, such number of copies of the prospectus contained in such registration statement (including each preliminary any summary prospectus and any summary prospectusprospectus supplements) that has been declared effective and any other prospectus filed under Rule 424 promulgated under the Securities Act, in conformity with the requirements of the Act relating to such holder's Registrable Securities Act, and such other documents, as such seller holder may reasonably requestrequest to facilitate the disposition of its Registrable Securities; (de) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement shall each holder thereof may reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers holder to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersholder, except that the Company shall not for any such purpose be required (i) to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision paragraph (de) be obligated to be so qualified qualified, (ii) to subject itself to taxation in any such jurisdiction or (iii) to consent to general service of process in any jurisdiction unless the Company is already subject to service in such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities jurisdiction and except as may be necessary in required by the opinion of counsel to the Company and counsel to the seller Securities Act or sellers of Registrable Securities to enable the seller applicable rules or sellers thereof to consummate the disposition of such Registrable Securitiesregulations thereunder; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) promptly notify each seller holder of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon of the happening of any event event, the existence of any condition or any information becoming known as a result of which, the which any prospectus included in such 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 misleadingtherein, in the light of the circumstances under which they were made, not misleading, and at the request of any such seller holder promptly prepare and furnish to it such holder a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading therein, in the light of the circumstances under which they were made, not misleading; provided, however, the Company shall not be required to furnish such supplement or amendment at any time that sales of Registrable Securities are suspended under the circumstances described in Section 1(g) for as long as such sales are suspended; (hg) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holderssecurityholders, as soon as reasonably practicable, an earnings statement covering of the period of at least twelve months, but not more than eighteen months, beginning Company which complies with the first full calendar month after provisions of Rule 158 of the effective date Securities Act; (h) make available for inspection by any Holder and any attorney, accountant or other agent retained by any such Holder (collectively, the "Inspectors"), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the "Records") as shall be reasonably necessary to enable them to exercise their due diligence responsibility, and cause the Company's officers, directors, employees and its counsel and its subsidiaries to supply all information reasonably requested by any such Inspector in connection with such registration statement; provided that nothing in this Agreement will require the waiver of any privilege or the disclosure of any information that would result in any such waiver. Records which the Company determines, in good faith, to be confidential and which earnings statement shall satisfy it notifies the Inspectors are confidential will not be disclosed by the Inspectors unless (i) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction, or (ii) the information in such Records has been made generally available to the public; provided, however, that prior notice will be provided as promptly as practicable to the Company of the potential disclosure of any information by such Inspector pursuant to clause (i) of this sentence in order to permit the Company to obtain a protective order (or to waive the provisions of Section 11(a) of this paragraph). The Company may request the Securities Act and Rule 158 promulgated thereunder, and promptly furnish Inspectors enter into a standard confidentiality agreement to each such this effect prior to furnishing any confidential information. The seller of Registrable Securities agrees that it will, upon learning that disclosure of such Records is sought in a copy court of any amendment or supplement competent jurisdiction, give notice to such registration statement or prospectusthe Company and allow the Company, at the Company's expense, to undertake appropriate action to prevent disclosure of the Records deemed confidential; (i) provide and cause to be maintained a transfer agent and a registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registrationregistration statement; (j) provide a CUSIP number for all Registrable Securities not later than the effective date on which a registration pursuant to this Agreement is effected; (k) in the case of an Underwritten Offering, enter into an underwriting agreement and take all such other actions in connection therewith in order to expedite and facilitate the disposition of such Registrable Securities, in each case as the underwriters determine is reasonable and customary in transactions of this kind, and in connection therewith: (1) make such representations and warranties to the underwriters in form, substance and scope as are customarily made by issuers to underwriters in secondary underwritten offerings; (2) obtain opinions of counsel to the Company (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the underwriters of such Registrable Securities and shall cover the matters customarily covered in opinions requested in secondary underwritten offerings); (3) obtain "cold comfort" letters from the independent public accountants of the Company addressed to the underwriters, such letters to be in customary form and covering matters of the type customarily covered in "cold comfort" letters in connection with secondary underwritten offerings; and (4) deliver such documents and certificates as may be reasonably requested by the managing underwriters to evidence compliance with clause (1) above and with any customary conditions contained in the underwriting agreement or other agreement entered into by the Company in respect of the relevant offering; and (jl) use its reasonable best efforts to list all Registrable Securities covered by such ensure that (i) any registration statement on and any national securities exchange on which Registrable amendment thereto and any prospectus forming a part thereof and any supplement thereto complies in all material respects with the Securities Act and the rules and regulations of the same class covered by such Commission thereunder, (ii) any registration statement are then listed andand any amendment thereto, if no at the time each becomes effective (in either case, other than with respect to Holder Information), does not contain an untrue statement of material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading and (iii) any prospectus forming a part of any registration statement, and any supplement to such Registrable Securities are so listedprospectus (in either case, on any national securities exchange on other than with respect to Holder Information), as of the date of each, does not contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in light of the circumstances under which the Common Stock is then listedthey were made, not misleading. The Company may require each seller holder of Registrable Securities as to which any registration is being effected to, and each such holder, as a condition to including Registrable Securities in such registration, shall, furnish the Company with such information and affidavits regarding such seller holder and the distribution of such securities as the Company may from time to time reasonably request in writingwriting in connection with such registration. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, that upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision paragraph (g) of this Section 1.3f), such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gparagraph 4(f) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) or destroy all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Sr Telecom Inc)

Registration Procedures. If and whenever the Company is is/ required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 1 or Section 2, the Company will, as expeditiously as possiblewill promptly: (a) prepare and (in any event within 90 ninety (90) days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its best reasonable best efforts promptly to cause such registration statement to become effective; PROVIDED, HOWEVER, provided that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments, post-effective amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until the earlier of (i) such time as all of such Registrable Securities have either been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement or the sale thereof has been abandoned by such sellers and (ii) ninety (90) days after the effective date of such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 (or any successor Rule) under the Securities Act, in which case such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyshall be one year; (c) furnish as soon as available to each seller of Registrable Securities covered by such registration statement, statement such number of conformed copies of such drafts and final versions of such registration statement and of each such amendment, post- effective amendment and supplement thereto (in each case including all exhibits), such number of copies of such drafts and final versions of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and ), any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, such documents, if any, incorporated by reference in such registration statement or prospectus, and such other documents, as such seller or such holder may reasonably request; (d) use its reasonable best commercially reasonably efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision clause (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered cooperate with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of such Registrable Securities to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which securities shall not bear any restrictive legends indicating that the securities have not been registered under the Securities Act and shall be in a form eligible for deposit with The Depository Trust Company; and enable the seller or such Registrable Securities to be in such denominations and registered in such names as such sellers thereof may request at least two (2) business days prior to consummate the disposition any sale of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, Securities upon request a signed counterpart of: copy of (i) an opinion of counsel for the Company, dated the effective date of such registration statement and(or, if applicablesuch registration involves an underwritten public offering, dated the date of the closing under the underwriting agreement), and covering substantially the same matters with respect to such registration statement (and the prospectus included therein) as are customarily covered in opinions of issuer's counsel in underwritten public offerings of securities and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, and such other financial matters, and, in matters as the case of Requisite Holders or the legal opinion, such other legal mattersunderwriters, as the underwriters case may be, may reasonably request, subject to the delivery by such seller to such independent public accountants of such documents as are reasonable and customary in transactions of this nature; (g) promptly notify each seller of such Registrable Securities, and (if requested by any such seller) confirm such advice in writing, (i) when the prospectus or any prospectus supplement or post-effective amendment has been filed and, with respect to the registration statement or any post-effective amendment, when the same has become effective, (ii) of any request by the Commission for amendments or supplements to the registration statement or the prospectus or for additional information, (iii) of the issuance by the Commission of any stop order suspending the effectiveness of the registration statement or the initiation of any proceedings for that purpose and (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; (h) promptly notify each seller of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller or holder promptly prepare and furnish to it such seller or holder a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers or prospective purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hi) otherwise use its reasonable best commercial efforts to obtain the withdrawal of any order suspending the effectiveness of the registration statement at the earliest possible time; (j) otherwise comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security securities holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen (18) months, beginning with the first full calendar month after the effective date of such registration statement, which earnings earning statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly Act; (k) furnish to each such seller of Registrable Securities prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectusprospectus and shall not file any thereof to which any such seller shall have reasonably objected on the grounds that such amendment or supplement does not comply in all material respects with the requirements of the Securities Act or the rules or regulations thereunder; (il) provide and cause to be maintained a transfer agent and a registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (jm) use its reasonable best efforts to list cause all Registrable Securities covered by such registration statement to be listed on each securities exchange or approved for quotation on any national securities exchange inter-dealer quotation system on which Registrable Securities of similar securities issued by the same class covered by such registration statement Company are then listed and, if no such or quoted; (n) cause its subsidiaries and affiliates to take all action necessary or advisable to effect the registration of the Registrable Securities are so listedcontemplated hereby, on including preparing and filing any national securities exchange on which required financial information; and (o) provide a CUSIP number for all Registrable Securities, not later than the Common Stock is then listedeffective date of the applicable registration statement. The Company may require each seller holder of Registrable Securities as to which any will be included in such registration is being effected (i) to furnish the Company such information regarding relating to such seller and the distribution of such securities holder as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees and as is required by acquisition of such Registrable Securities thatapplicable laws or regulations, upon receipt of any notice from and (ii) to provide the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, with written confirmation that such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 andcomply with applicable securities laws and regulations, if so directed by the Company, will deliver to and provide the Company (at with such further information necessary for the Company's expense) all copiesCompany to abide by applicable laws and regulations, other than permanent file copies, then in such holder's possession of form as the prospectus relating to such Registrable Securities current at the time of receipt of such noticeCompany may reasonably request.

Appears in 1 contract

Samples: Registration Rights Agreement (Arinco Computer Systems Inc)

Registration Procedures. If and whenever Whenever any Registrable Securities are ----------------------- required to be registered pursuant to this Agreement, the Company is required to will use its reasonable best efforts to effect the registration and the sale of any such Registrable Securities under in accordance with the Securities Act as provided in Sections 1.1 intended method of disposition thereof, and 1.2, pursuant thereto the Company will, will as expeditiously as possible: (a) prepare and within 60 days (within 90 or 45 days with respect to any short- form Registration) after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Securities and Exchange Commission the requisite a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effectiveeffective (provided that before filing a registration statement or prospectus -------- or any amendments or supplements thereto, the Company will furnish to the counsel selected by the holders of a majority of the Registrable Securities initiating such registration statement copies of all such documents proposed to be filed, which documents will be subject to review of such counsel); PROVIDEDprovided, HOWEVERhowever, that the -------- ------- Company may discontinue any registration postpone for not more than 90 calendar days the filing or effectiveness of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the a registration statement relating theretorequested under Section 9.1 hereof if the Company determines that such registration could reasonably be expected to have a material adverse effect on any proposal or plan by the Company to engage in any acquisition of assets (other than in the ordinary course of business) or any merger, consolidation, tender offer or similar transaction then under consideration; but in such event, the Majority Series A/B Holders or the Majority Priority Preferred Holders, whichever has made a demand for such registration, shall be entitled to withdraw such request, and if such request is withdrawn such registration will not count as a Demand Registration under Section 9.1 hereof; (b) prepare and file with the Securities and Exchange Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period of either (i) not less than 270 days (subject to extension pursuant to Section 9.7(b)) or, if such registration statement relates to an underwritten offering, such longer period as in the opinion of counsel for the underwriters a prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer or (ii) such shorter period as will terminate when all of the securities covered by such registration statement have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement (but in any event not before the expiration of any longer period required under the Securities Act), and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of such registration statement, each amendment and supplement thereto, the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities owned by such seller; (d) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available jurisdictions as any seller reasonably requests and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, do any and (iii) to take any all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellers, except seller (provided that the Company shall will not for any such purpose be required to (i) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision subparagraph, (dii) be obligated subject itself to be so qualified taxation in any such jurisdiction or to (iii) consent to general service of process in any such jurisdiction); (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the notify each seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon of the happening of any event (a "Changing Event") as a result of which, the prospectus included in such registration statement, as then in effect, includes statement contains 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, misleading in the light of the circumstances under which they were made, and and, at the request of any such seller promptly seller, the Company will as soon as possible prepare and furnish to it such seller (a "Correction Event") a reasonable number of copies of a supplement or amendment to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall will not include contain an untrue statement of a material fact or omit to state a material any fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (f) use best efforts to cause all such Registrable Securities to be listed on each securities exchange on which similar securities issued by the Company are then listed and, if not so listed, to be listed on the NASD automated quotation system; (g) provide a transfer agent and registrar for all such Registrable Securities not later than the effective date of such registration statement; (h) enter into such customary agreements (including underwriting agreements in customary form) and take all such other actions as the holders of a majority of the Registrable Securities being sold or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities (including, without limitation, effecting a stock split or a combination of shares); (i) make available for inspection by any seller of Registrable Securities, any underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other agent retained by any such seller or underwriter, all financial and other records, pertinent corporate documents and properties of the Company, and cause the Company's officers, directors, Employees and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; (j) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Securities and Exchange Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, months beginning with the first day of the Company's first full calendar month quarter after the effective date of such the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller ; (k) in the event of Registrable Securities a copy the issuance of any amendment stop order suspending the effectiveness of a registration statement, or supplement to of any order suspending or preventing the use of any related prospectus or suspending the qualification of any securities included in such registration statement or prospectusfor sale in any jurisdiction, the Company will use its reasonable best efforts promptly to obtain the withdrawal of such order; (il) provide and cause use its best efforts to be maintained a transfer agent and registrar (whichobtain one or more comfort letters, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than dated the effective date of such registrationregistration statement (and, if such registration includes a public offering, dated the date of the closing under the underwriting agreement), signed by the Company's independent public accountants in customary form and covering such matters of the type customarily covered by comfort letters as the holders of a majority of the Registrable Securities being sold reasonably request; and (jm) use its reasonable best efforts to list all Registrable Securities covered by provide a legal opinion of the Company's outside counsel, dated the effective date of such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed (and, if no such Registrable Securities are so listedregistration includes a public offering, on any national securities exchange on which dated the Common Stock is then listeddate of the closing under the underwriting agreement), with respect to the registration statement, each amendment and supplement thereto, the prospectus included therein (including the preliminary prospectus) and such other documents relating thereto in customary form and covering such matters of the type customarily covered by legal opinions of such nature. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder No filing under subparagraph 9.4(a) or 9.4(b) shall be deemed late, in default of the Company's obligations thereunder, or otherwise defective, if it occurs after the times indicated in such subparagraphs solely as a result of any delay by any seller of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from in furnishing the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities information called for pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticepreceding sentence.

Appears in 1 contract

Samples: Shareholder Agreement (Broadview Networks Holdings Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 2.1 or 2.2 above, the Company will, as expeditiously as possible: (ai) prepare and (within 90 as soon thereafter as possible or in any event no later than seventy-five (75) days after the end of the period within which requests for registration may be given to the Company (ninety (90) days in the case of requests for registration made during the last quarter of a fiscal year or the first fifteen (15) days of the first quarter of any fiscal year) or such longer period as the Company shall in any event as soon thereafter as practicablegood faith require to produce the financial statements required in connection with such registration) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, provided that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a)2.2(a) above, its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof as set forth in such registration statement; PROVIDED, that except with respect to any such statement but in no event for a period which would exceed one hundred twenty (120) days from the date on which the registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companybecame effective; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of jurisdictions in the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to either qualify generally to do business as a foreign corporation corporation, or subject itself to taxation or to general service of process in any jurisdiction wherein it would not not, but for the requirements of this subdivision clause (d) iv), be obligated to be so qualified or subject to consent to general taxation or service of process in any process, other than as to matters and transactions related to such jurisdictionregistration or qualification; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state United States governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, and Securities a copy of each such seller's underwritersof the following, if any, a signed counterpart ofaddressed to the underwriters: (iA) an opinion of counsel for the Company, dated the effective date of of. such registration statement (and, if applicablesuch registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement) reasonably satisfactory in form and substance to such seller, and (iiB) a "comfort" letter letter, dated the effective date of such registration statement (and, if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as such seller (or the underwriters underwriters, if any) may reasonably request; (gA) notify each seller of Registrable Securities covered by such registration statement, their counsel and the managing underwriters, if any, promptly, and (if requested in writing by any such Person), confirm such notice in writing: (1) when a registration statement or any amendment thereto has been filed, and, with respect to a registration statement or any post-effective amendment, when the same has become effective, (2) of any request by the Commission or any other Federal or state governmental authority for amendments or supplements to a registration statement or related prospectus or for additional information, (3) of the issuance by the Commission of any stop order suspending the effectiveness of a registration statement or the initiation of any proceedings for that purpose, (4) if at any time when a prospectus relating thereto is required the representations and warranties of the Company contained in any agreement (including any underwriting agreement) contemplated by this Section 2 cease to be delivered under true and correct, (5) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities Act, upon discovery thatfor sale in any jurisdiction, or upon the initiation or threatening of any proceeding for such purpose, and (6) of the happening of any event as a result that makes any statement made in such registration statement or related prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of which, the prospectus included in any changes to such registration statement, as then prospectus or documents so that, in effectthe case of the registration statement, includes an it will not contain any untrue statement of a material fact or omits omit to state any material fact required to be stated therein or necessary to make the statements therein therein, not misleading, and that in the case of the prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, and at (B)at the request of any such seller promptly prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary (and a post-effective amendment to such registration statement as may be necessary in connection therewith) so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hviii) Use its best efforts to obtain the withdrawal of any order suspending the effectiveness of a registration statement, or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction; (ix) If requested by the managing underwriters, if any, or the Holders of a majority in interest of the Registrable Securities being sold in connection with an underwritten offering, promptly include in a prospectus supplement or post-effective amendment such information as the managing underwriters, if any, and such Holders may reasonably request in order to permit the intended method of distribution of such securities and make all required filings of such prospectus supplement or such post-effective amendment as soon as practicable after the Company has received such request; (x) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an a historical earnings statement covering the period of at least twelve (12) months, but not more than eighteen (18) months, beginning with the first month of the first full calendar month fiscal quarter after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a11 (a) of the Securities Act and Rule 158 promulgated thereunderAct, and promptly will furnish to each such seller of Registrable Securities at least five business days prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectusprospectus and shall not file any thereof to which any such seller shall have reasonably objected on the grounds that such amendment or supplement does not comply in all material respects with the requirements of the Securities Act or the rules or regulations thereunder; (ixi) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (jxii) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange or trading system on which Registrable Securities any of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed; (xiii) Cooperate with the selling holders of Registrable Securities and the managing underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates shall be in a form eligible for deposit with The Depository Trust Company; and enable such Registrable Securities to be in such denominations and registered in such names as the managing underwriters, if any, or holders may request in writing at least two (2) business days prior to any sale of Registrable Securities; (xiv) Make every reasonable effort to obtain the withdrawal of any order suspending the effectiveness of any registration statement at the earliest possible moment; and (xv) Cooperate and assist in any filings required to be made with the NASD and in the performance of any due diligence investigation by any underwriter (including any "qualified independent underwriter" that is required to be retained in accordance with the rules and regulations of the NASD). The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision clause (gvii) (3) or (6) of this Section 1.32.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision clause (gvii) of this Section 1.3 2.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copiesCopies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Isonics Corp)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts intends to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 3.1, the Company will, as expeditiously as possible: (a) in the case of an underwritten offering, enter into a usual and customary underwriting agreement with respect thereto and take all such other reasonable actions as are necessary or advisable to permit, expedite and facilitate the disposition of such Registrable Securities in the manner contemplated by the related registration statement, and the Company will provide to the Holders of such Registrable Securities, any underwriter participating in any distribution thereof pursuant to a registration statement, and any attorney, accountant or other agent retained by any Holder of Registrable Securities or underwriter, reasonable access to appropriate Company officers and employees to answer questions and to supply information reasonably requested by any such Holders of Registrable Securities, underwriter, attorney, accountant or agent in connection with such registration statement; (b) prepare and file (within 90 days after the end of the period within last date on which requests for registration the Holders of Registrable Securities may be given to notify the Company or of their request to include their Registrable Securities in any event as soon thereafter as practicablesuch registration in accordance herewith) file with the Commission the requisite a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, provided that such preparation and filing may be delayed in the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date reasonable judgment of the registration statement relating theretoCompany; (bc) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities and other securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods plan of disposition by the seller or sellers thereof distribution set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (cd) furnish to each seller of such Registrable Securities covered by such registration statement, and the underwriters (if any) such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, such documents, if any, incorporated by reference in such registration statement or prospectus, and such other documents, as such seller may reasonably request; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Merger Agreement (Transcend Services Inc)

Registration Procedures. (a) If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2pursuant to either Section 2.1 or Section 2.2 hereof, the Company willshall use its best efforts to effect the registration and the sale of such Registrable Securities in accordance with the intended method of disposition thereof, and pursuant thereto the Company shall act as expeditiously as possible: (ai) use its best efforts to prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission SEC as soon as practicable (and in the requisite case of a demand pursuant to Section 2.1, within 30 days after receipt by the Company of a Demand Exercise Notice) a registration statement on an appropriate registration form of the SEC for the disposition of such Registrable Securities in accordance with the intended method of disposition thereof which registration statement shall comply as to effect such registration form in all material respects with the requirements of the applicable form and include all financial statements required by the SEC to be filed therewith, and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDand remain effective (A) with respect to an underwritten offering, HOWEVERfor a period of at least 90 days or until all shares subject to such registration statement have been sold and (B) with respect to any other registration, that until the Company may discontinue any registration earlier of its securities which are not (1) the sale of all Registrable Securities thereunder and (and, under 2) the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to 18 month anniversary of the effective date of the registration statement relating theretosuch shelf registration; (bii) use its best efforts to prepare and file with the Commission such SEC any amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof Participating Holders set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, for such period need not exceed the number of days set forth as provided for in Rule 3-12(gSection 2.3(a)(i) of Regulation S-X that applies to the Companyabove; (ciii) furnish furnish, without charge, to each seller of Registrable Securities covered by such registration statement, Participating Holder and each underwriter such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as the Majority Participating Holders and such seller underwriters may reasonably requestrequest (it being understood that the Company consents to the use of such prospectus or any amendment or supplement thereto by each Participating Holder and the underwriters in connection with the offering and sale of the Registrable Securities covered by such prospectus or any amendment or supplement thereto); provided, that the Company shall have no obligation to provide any document pursuant to this clause that is available on the SEC’s XXXXX system; (div) use its reasonable best efforts (iA) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other state securities or blue sky sky” laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement Majority Participating Holders or any managing underwriter shall reasonably request, (iiB) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iiiC) to take any and all other action actions which may be reasonably necessary or advisable to enable such sellers the Participating Holders or underwriters to consummate the disposition in such U.S. jurisdictions of the securities to be sold by such sellersthe Participating Holders or underwriters, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not not, but for the requirements of this subdivision (d) Section 2.3(a)(iv), be obligated to be so qualified or to file a general consent to general service of process in any such jurisdiction; (ev) without limiting Section 2.3(a)(iv) above, use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof Participating Holders to consummate the disposition of such Registrable Securities; (fvi) furnish at to the effective date extent any Participating Holder could be deemed to be an “underwriter” for purposes of Section 11 of the Securities Act in connection with such registration statement to each seller of Registrable Securities, furnish to each Participating Holder and each such seller's underwriters, if any, underwriter a signed counterpart of: of (iA) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and Company and (iiB) a "comfort" letter signed by the independent public accountants who have certified the Company's ’s financial statements included or incorporated by reference in such registration statement, in each case, addressed to each Participating Holder and each underwriter covering substantially the same matters with respect to such registration statement (and the prospectus included therein) as such Majority Participating Holders and managing underwriter(s) shall request; (vii) promptly notify each Participating Holder and each managing underwriter (A) when such registration statement, any pre-effective amendment, the prospectus or any prospectus supplement related thereto or post-effective amendment to such registration statement has been filed, and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement or any post-effective amendment, when the same has become effective; (B) of the receipt by the Company of any comments from the SEC or receipt of any request by the SEC for additional information with respect to any registration statement or the prospectus related thereto or any request by the SEC for amending or supplementing the registration statement and the prospectus used in connection therewith; (C) of the issuance by the SEC of any stop order suspending the effectiveness of such registration statement or the initiation of any proceedings for that purpose; (D) of the receipt by the Company of any notification with respect to the suspension of the qualification of any of the Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction or the initiation of any proceeding for such purpose; (E) at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at in the request case of any such seller this clause (E), promptly prepare and furnish furnish, at the Company’s expense, to it each Participating Holder and each managing underwriter a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; and (F) at any time when the representations and warranties of the Company contemplated by Section 2.4(a) or (b) hereof cease to be true and correct; (hviii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, 12 consecutive months beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a1l(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (iix) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (jx) use its reasonable best efforts to list cause all Registrable Securities covered by such registration statement to be listed on any national the principal securities exchange on which Registrable Securities of similar securities issued by the same class covered by such registration statement Company are then listed (if any), if the listing of such Registrable Securities is then permitted under the rules of such exchange; (xi) deliver promptly to counsel to the Participating Holders and each, underwriter, if any, participating in the offering of the Registrable Securities, copies of all correspondence between the SEC and the Company, its counsel or auditors and all memoranda relating to discussions with the SEC or its staff with respect to such registration statement; (xii) use its best efforts to obtain the withdrawal of any order suspending the effectiveness of the registration statement; (xiii) provide a CUSIP number for all Registrable Securities, no later than the effective date of the registration statement and, to the extent required, provide the applicable transfer agents with printed certificates for the Registrable Securities which are in a form eligible for deposit with The Depository Trust Company; (xiv) cause its officers and employees to participate in, and to otherwise facilitate and cooperate with the preparation of the registration statement and prospectus and any amendments or supplements thereto (including participating in meetings, drafting sessions, due diligence sessions and the marketing of the Registrable Securities covered by the registration statement (including, without limitation, participation in “road shows”) taking into account the Company’s business needs; (xv) enter into and perform its obligations under such customary agreements (including, without limitation, if no applicable, an underwriting agreement as provided for in Section 2.4 herein) and take such other actions as the Majority Participating Holders or managing underwriter(s) shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities; (xvi) promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter(s) or Majority Participating Holders reasonably request to be included therein relating to the plan of distribution with respect to such Registrable Securities; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; (xvii) cooperate with each Participating Holder and each underwriter, and their respective counsel in connection with any filings required to be made with FINRA or any securities exchange on which such Registrable Securities are so listedtraded or will be traded; (xviii) cooperate with the Participating Holders and the managing underwriter(s) to facilitate the timely preparation and delivery of certificates not bearing any restrictive legends representing the Registrable Securities to be sold, on and cause such Registrable Securities to be issued in such denominations and registered in such names in accordance with the underwriting agreement prior to any national securities exchange on which the Common Stock is then listed. The Company may require each seller sale of Registrable Securities as to which the underwriters or, if not an underwritten offering, in accordance with the instructions of the Participating Holders at least five business days prior to any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder sale of Registrable Securities agrees by acquisition and instruct any transfer agent or registrar of such Registrable Securities thatto release any stop transfer orders in respect thereof; (xix) to the extent required by the rules and regulations of FINRA, upon receipt of retain a Qualified Independent Underwriter, which shall be reasonably acceptable to the Majority Participating Holders; and (xx) take no direct or indirect action prohibited by Regulation M under the Exchange Act; provided, however, that to the extent that any notice from prohibition is applicable to the Company, the Company will take such action as is necessary to make any such prohibition inapplicable. (b) If the disposition by a Participating Holder of its securities is discontinued because of the happening of any event of the kind described in subdivision Section 2.3(a)(vii)(C) or (g) E), the Company shall extend the period of this Section 1.3, such holder will forthwith discontinue such holder's disposition effectiveness of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt by the number of days during the period from and including the date of the giving of such notice to and including the date when the Participating Holder shall have received copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 2.3(a)(vii)(E); and, if the Company shall not so directed extend such period, the Participating Holder’s request pursuant to which such registration statement was filed shall not be counted for purposes of the requests for registration to which the Participating Holder is entitled pursuant to Section 2.1 hereof. If for any other reason the effectiveness of any registration statement filed pursuant to Section 2.1 or Section 2.2 is suspended or interrupted prior to the expiration of the time period regarding the maintenance of the effectiveness of such registration statement required by Section 2.3(a)(i) so that Registrable Securities may not be sold pursuant thereto, the applicable time period shall be extended by the number of days equal to the number of days during the period beginning with the date of such suspension or interruption to and ending with the date when the sale of Registrable Securities pursuant to such registration statement may be resumed. (c) If any such registration statement or comparable statement under “blue sky” laws refers to any Holder by name or otherwise as the Holder of any securities of the Company, will deliver then such Holder shall have the right to require (i) the insertion therein of language, in form and substance reasonably satisfactory to such Holder and the Company, and subject to any comments made by the SEC staff, to the Company (at effect that the holding by such Holder of such securities is not to be construed as a recommendation by such Holder of the investment quality of the Company's expense’s securities covered thereby and that such holding does not imply that such Holder will assist in meeting any future financial requirements of the Company, or (ii) all copiesin the event that such reference to such Holder by name or otherwise is not in the judgment of the Company, other than permanent file copiesas advised by counsel, required by the Securities Act or any similar federal statute or any state “blue sky” or securities law then in such holder's possession force, the deletion of the prospectus relating reference to such Holder. (d) Holders may seek to register different types of Registrable Securities current at simultaneously and the time Company shall use its reasonable best efforts to effect such registration and sale in accordance with the intended method or methods of receipt of disposition specified by such noticeholders.

Appears in 1 contract

Samples: Registration Rights Agreement (KonaRed Corp)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 9.1 and 1.29.2, the Company will, will as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement (including such audited financial statements as may be required by the Securities Act or the rules and regulations promulgated thereunder) to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERprovided that before filing such registration statement or any amendments thereto, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior will furnish to the effective date counsel selected by DTN copies of all such documents proposed to be filed, which documents will be subject to the registration statement relating theretoreview of such counsel; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep maintain the effectiveness of such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until the earlier of such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDstatement and the expiration of 90 days after such registration statement becomes effective, that except with respect to any such registration statement filed pursuant to Rule 415 (or any successor Rule) under the Securities Act, in which case such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyshall be one year; (c) furnish to each seller of Registrable Securities covered by such registration statement, DTN such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller DTN may reasonably request; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement DTN shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers DTN to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersDTN, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by if such registration statement includes an underwritten Public Offering, furnish to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, DTN a signed counterpart of: (i) an opinion of counsel for the Companycounterpart, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect addressed to such registration statement DTN (and the prospectus included therein) andunderwriters), in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.of

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Data Transmission Network Corp)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the any registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2(a) and 1.23 hereof, the Company willshall, as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission (within 30 days in the case of a registration initiated pursuant to Section 2(a) hereof) the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become and remain effective; PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which that are not shares of Registrable Securities Common Stock (and, under the circumstances specified in Section 1.2(a)Sections 3 and 7(b) hereof, its securities which that are shares of Registrable SecuritiesCommon Stock) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable Securities Common Stock covered by such registration statement until April 12, 2008, or such time as all of such Registrable Securities have Common Stock has been disposed of in accordance with the intended methods method of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of Registrable Securities Common Stock covered by such registration statementstatement and each underwriter, if any, such number of copies of such drafts and final conformed copies versions of such registration statement and of each such amendment and supplement thereto (in each case including all exhibitsexhibits and any documents incorporated by reference), such number of copies of such drafts and final versions of the prospectus contained in such registration statement (including each any preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as the sellers of the Registrable Common Stock covered by such seller registration statement or any underwriter may reasonably requestrequest in writing; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities Common Stock and other securities securities, if any, covered by such registration statement under such other securities or blue sky laws of such States states or other jurisdictions of the United States of America where an exemption is not available and as the sellers of Registrable Securities Common Stock covered by such registration statement shall reasonably requestrequest in writing, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iii) to take any other action which that may be reasonably necessary or reasonably advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision subsection (d) be obligated to be so qualified qualified, to subject itself to taxation in such jurisdiction or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities Common Stock and other securities, if any, covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities Common Stock to enable the seller or sellers thereof to consummate the disposition of such Registrable SecuritiesCommon Stock; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities Common Stock and other securities covered by such registration statement statement, if any, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and and, at the written request of any such seller of Registrable Common Stock, promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus prospectus, as supplemented or amended, shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hg) otherwise use its reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a registration statement relating to the Registrable Common Stock at the earliest possible moment; (h) otherwise comply with all applicable rules and regulations of the CommissionCommission and any other governmental agency or authority having jurisdiction over the offering, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list cause all Registrable Securities Common Stock covered by a Registration Statement to be listed on a national securities exchange on which similar securities issued by the Company are then listed, if the listing of such Registrable Common Stock is then permitted under the rules of such exchange; (j) provide a transfer agent and registrar for the Registrable Common Stock covered by a registration statement no later than the effective date thereof; (k) enter into such agreements and take such other actions as the Holders holding the shares of Registrable Common Stock covered by such registration statement on shall reasonably request in order to expedite or facilitate the disposition of such Registrable Common Stock; and (l) if requested by the Holders of Registrable Common Stock being sold, cooperate with such Holders to facilitate the timely preparation and delivery of certificates representing Registrable Common Stock to be sold and not bearing any national securities exchange on which restrictive legends; and enable such Registrable Securities Common Stock to be in such share amounts and registered in such names as the managing underwriter(s) or, if none, the Holders of Registrable Common Stock being sold, may request at least five Business Days prior to any sale of Registrable Common Stock to the underwriters; As a condition to the obligations of the same class covered by such Company to complete any registration statement are then listed and, if no such pursuant to this Agreement with respect to the Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as any particular Holder, such Holder must furnish to which any registration is being effected to furnish the Company in writing such information regarding such seller itself, the Registrable Common Stock held by it and the distribution intended methods of disposition of the Registrable Common Stock held by it as is necessary to effect the registration of such securities Holders’ Registrable Common Stock and is requested in writing by the Company. At least: (i) 20 days prior to the first anticipated filing date of a Registration Statement for registration under Section 2 of this Agreement; or (ii) 20 days prior to the anticipated effectiveness date of a Registration Statement filed under Section 3 of this Agreement, the Company will notify in writing each Holder of the information referred to in the preceding sentence which the Company is requesting from that Holder whether or not such Holder has elected to have any of its Registrable Common Stock included in the Registration Statement. If, within ten days prior to the anticipated filing date or effectiveness date, as the case may be, the Company has not received the requested information from a Holder, then the Company may from time to time reasonably request in writingfile the Registration Statement without including Registrable Common Stock of that Holder. Each holder Holder agrees that as of the date that a final prospectus is made available to it for distribution to prospective purchasers of Registrable Securities agrees by acquisition Common Stock it shall cease to distribute copies of any preliminary prospectus prepared in connection with the offer and sale of such Registrable Securities Common Stock. Each Holder further agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision subsection (gf) of this Section 1.35, such holder will Holder shall forthwith discontinue such holder's Holder’s disposition of Registrable Securities Common Stock pursuant to the registration statement relating to such Registrable Securities Common Stock until such holder's Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by subdivision subsection (gf) of this Section 1.3 5 and, if so directed by the Company, will shall deliver to the Company (at the Company's ’s expense) all copies, other than permanent file copies, then in such holder's Holder’s possession of the prospectus relating to such Registrable Securities Common Stock current at the time of receipt of such notice. If any event of the kind described in subsection (f) of this Section 5 occurs and such event is the fault solely of a Holder(s), such Holder(s) shall pay all Expenses directly attributable to the preparation, filing and delivery of any supplemented or amended prospectus contemplated by subsection (f) of this Section 5.

Appears in 1 contract

Samples: Registration Rights Agreement (Bally Total Fitness Holding Corp)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.2, 2.2 the Company willshall, as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) reasonably practicable file with the Commission the requisite registration statement to effect such registration (including such audited financial statements as may be required by the Securities Act or the rules and regulations promulgated thereunder) and thereafter use its reasonable best efforts to cause such registration statement to become and remain effective; PROVIDED, HOWEVER, PROVIDED however that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto, PROVIDED further that before filing such registration statement or any amendments thereto, the Company will furnish to the counsel selected by the holders of Registrable Securities which are to be included in such registration copies of all such documents proposed to be filed, which documents will be subject to the review of such counsel; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement on Form S-3 filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company180 days; (ciii) furnish to each seller of Registrable Securities covered by such registration statementstatement and each underwriter, if any, of the securities being sold by such seller such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller and underwriter, if any, may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities laws or blue sky laws of such States jurisdictions as any seller thereof and any underwriter of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered securities being sold by such registration statement seller shall reasonably request, (ii) to keep such registration registrations or qualification qualifications in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller and underwriter to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or 6 sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (gvi) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under and the Securities Act, upon discovery that, managing underwriter or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, andunderwriters, if requiredany, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of promptly and confirm such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and advice in writing promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.thereafter:

Appears in 1 contract

Samples: Registration Rights Agreement (Learning Co Inc)

Registration Procedures. (a) If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 2, the Company willCompany, as expeditiously as possiblepossible and subject to the terms and conditions of Section 2, will: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become and remain effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) permit any Holder which, in the reasonable judgment of the Holder, might be deemed to be an underwriter or a controlling person of the Company, to participate in the preparation of such registration statement and to require the insertion therein of material, furnished to the Company in writing, which in the reasonable judgment of such Holder and its counsel should be included and which is not reasonably objected to by the Company and its counsel; (iii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until the earlier of such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any statement or the expiration of 60 days after such registration statement filed pursuant to Rule 415 under becomes effective (in the Securities Act, such period need not exceed case of the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the CompanyInitial Registration Statement or a Subsequent Registration Statement); (civ) furnish to each seller of Registrable Securities covered by such registration statement, the Holders such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as the purchaser or any Holder of Registrable Securities to be sold under such seller registration statement may reasonably requestrequest in order to facilitate the distribution of such Registrable Securities; (dv) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other United States state securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers any Holder of Registrable Securities covered by such to be sold under registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable customary in similar offerings to enable the Holder of Registrable Securities to be sold under such sellers registration statement to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersHolder, except that the Company shall not for any such purpose be required to (a) qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (dv) be obligated to be so qualified qualified, or (b) subject itself to consent to general service of process taxation in any such jurisdiction;. (evi) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or United States state governmental agencies or authorities as may be necessary in to enable the opinion of counsel to the Company and counsel to the seller or sellers Holder of Registrable Securities to enable the seller or sellers thereof be sold under such registration statement to consummate the intended disposition of such Registrable Securities; (fvii) furnish at in the effective date event of the issuance of any stop order suspending the effectiveness of the registration statement, or of any order suspending or preventing the use of any related prospectus or suspending the qualification of any Registrable Securities included in such registration statement for sale in any jurisdiction, the Company shall use its best efforts promptly to each seller obtain the withdrawal of such order; (viii) furnish to the Holders of Registrable Securities, and each Securities to be sold under such seller's underwriters, if any, a signed counterpart of: (i) registration statement an opinion of counsel for the Companyopinion, dated the effective date of the registration statement, of the independent counsel representing the Company for the purposes of such registration, addressed to the underwriters, if any, and to the Holders making such request, stating that such registration statement andhas become effective under the Securities Act and that (i) to the best knowledge of such counsel, if applicableno stop order suspending the effectiveness thereof has been issued and no proceedings for that purpose have been instituted or are pending or contemplated under the Securities Act; (ii) the registration statement, the related prospectus, and each amendment or supplement thereto, comply as to form in all material respects with the requirements of the Securities Act and the applicable rules and regulations of the Commission thereunder (except that such counsel need express no opinion as to financial statements and related schedules and other projected financial or statistical data contained therein); (iii) the descriptions in the registration statement or the prospectus, or any amendment or supplement thereto, of all legal and governmental matters and contracts and other legal documents or instruments are accurate and fairly present the information required to be shown; and (v) such counsel does not know of any legal or governmental proceedings, pending or contemplated, required to be described in the registration statement or prospectus, or any amendment or supplement thereto, which are not described as required nor of any contracts or documents or instruments of a character required to be described in the registration statement or prospectus, or any amendment or supplement thereto or to be filed as exhibits to the registration statement which are not described and filed as required. Such counsel shall also opine that, in the course of assisting the Company in preparing the Registration Statement, nothing has come to their attention that would cause them to believe that the Registration Statement (excluding the financial and statistical information contained therein) contains any untrue statement of a material fact or omits a material fact necessary to make the statements therein, in light of the circumstances under which they were made not misleading. (ix) furnish to the Holders of Registrable Securities to be sold under the Registration Statement a letter, dated the effective date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially from the same matters with respect independent certified public accountants of the Company, addressed to the underwriters, if any, and to the Holders making such request, stating that they are independent certified public accountants within the meaning of the Securities Act and that in the opinion of such accountants, the financial statements and other financial data of the Company included in the registration statement (and or the prospectus included therein) andprospectus, or any amendment or supplement thereto, comply as to form in all material respects with the case applicable accounting requirements of the accountants' comfort letter, with respect Securities Act. Such letter from the independent certified public accountants shall additionally cover such other financial matters (including information as to events subsequent the period ending not more than five business days prior to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered letter) with respect to the underwriters registration in underwritten public offerings respect of securities and, in the case of the accountants' comfort letter, which such other financial matters, and, in the case of the legal opinion, such other legal matters, letter is being given as the underwriters Holders may reasonably request;. (gx) immediately notify each seller the Holders of Registrable Securities covered by included in such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon of the happening of any event as a result of which, which the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller the Holders promptly prepare and furnish to it the Holders a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hxi) otherwise use its all reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of not file any amendment or supplement to such registration statement or prospectusprospectus to which any Holder shall have reasonably objected in writing on the grounds that such amendment or supplement does not comply in all material respects with the requirements of the Securities Act or of the rules or regulations thereunder, having been furnished with a copy thereof at least two business days prior to the filing thereof to the extent reasonably possible; (ixii) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (jxiii) use its all reasonable best efforts to list cause to be quoted or listed all Registrable Securities covered by such registration statement on NASDAQ and any national securities exchange on which Registrable Securities any of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so then quoted or listed, on ; (xiv) confer with the Stockholders' Representative as to mutually beneficial and appropriate time to schedule the Initial Offering and the first Subsequent Offering and make available the Company's management to participate in roadshow presentations and conference calls with respect to such offerings; and (xv) confer with the Stockholders' Representative as to mutually beneficial and appropriate time to schedule any national securities exchange on which the other underwritten offerings of Company Common Stock is then listed. The that will include Registrable Securities and use all reasonable best efforts to work with the Stockholders' Representative to schedule such offerings so that the Company's management will be able to participate in roadshow presentations and conference calls with respect to any additional Subsequent Offerings in excess of $100 million, the availability of its senior management, however, being subject to conflicting business necessities. (b) As a condition to the Company's obligation under this Section with respect to any Holder, the Company may require each seller such Holder of Registrable Securities as to which any be sold under such registration is being effected statement, at the Company's expense, to furnish the Company with such information and undertakings as it may reasonably request regarding such seller Holder and the distribution of such securities as the Company may from time to time reasonably request in writing. . (c) Each holder Holder, by execution of Registrable Securities this Agreement, agrees by acquisition of such Registrable Securities that, (A) that upon receipt of any notice from of the Company of the happening of any event of the kind described in subdivision (ga)(x) of this Section 1.33, such holder Holder will forthwith discontinue such holder's its disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until the receipt by such holder's receipt Holder of the copies of the supplemented or amended prospectus contemplated by subdivision (ga)(x) of this Section 1.3 3 and, if so directed by the Company, will deliver to the Company all copies (at the Company's expense) all copies, other than permanent file copies), then in such holder's possession of the Holders of the prospectus relating to such Registrable Securities current at the time of receipt of such notice and (B) that it will immediately notify the Company, at any time when a prospectus relating to the registration of such Registrable Securities is required to be delivered under the Securities Act, of the happening of any event as a result of which information previously furnished in writing by such Holder to the Company for inclusion in such prospectus contains 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 under which they were made. In the event the Company or any such Holder shall give any such notice, the period referred to in subdivision (a)(iii) of this Section 3 shall be extended by a number of days equal to the number of days during the period from and including the giving of notice pursuant to subdivision (a)(x) of this Section 3 to and including the date when such Holder shall have received the copies of the supplemented or amended prospectus contemplated by subdivision (a)(x) of this Section 3.

Appears in 1 contract

Samples: Registration Rights Agreement (Nextlink Communications Inc / De)

Registration Procedures. If and whenever when-ever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(b), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective in accordance with Section 2.1(d)(i) hereof and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company135 days; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (ix) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (iiy) to keep such registration or qualification in effect for so long as such registration statement remains in effect, effect and (iiiz) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the reasonable opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Playtex Products Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.2, 2.2 the Company willshall, as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) reasonably practicable file with the Commission the requisite registration statement to effect such registration (including such audited financial statements as may be required by the Securities Act or the rules and regulations promulgated thereunder) and thereafter use its reasonable best efforts to cause such registration statement to become and remain effective; PROVIDED, HOWEVER, provided however that the Company may discontinue any registration of its securities which are not 5 65 Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto, provided further that before filing such registration statement or any amendments thereto, the Company will furnish to the counsel selected by the holders of Registrable Securities which are to be included in such registration copies of all such documents proposed to be filed, which documents will be subject to the review of such counsel; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDprovided, that except with respect to any such registration statement on Form S-3 filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company180 days; (ciii) furnish to each seller of Registrable Securities covered by such registration statementstatement and each underwriter, if any, of the securities being sold by such seller such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller and underwriter, if any, may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities laws or blue sky laws of such States jurisdictions as any seller thereof and any underwriter of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered securities being sold by such registration statement seller shall reasonably request, (ii) to keep such registration registrations or qualification qualifications in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller and underwriter to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.dis-

Appears in 1 contract

Samples: Securities Purchase Agreement (Learning Co Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities or Registrable Inside Shareholder Securities under the Securities Act as provided in Sections 1.1 2.1, 2.2 and 1.22.3, the Company will, will as expeditiously as possible: (ai) prepare and (within 90 as soon thereafter as possible or in any event no later than 45 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, PROVIDED that the Company may discontinue any registration of its securities which are not Registrable Securities or Registrable Inside Shareholder Securities (and, under the circumstances specified in Section 1.2(a2.3(a), its securities which are Registrable Securities or Registrable Inside Shareholder Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDstatement or for 6 months, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such whichever period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyis shorter; (ciii) furnish to each seller of Registrable Securities or Registrable Inside Shareholder Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits)thereto, such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 or Rule 430A under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction or subject itself to be required to pay any franchise or income taxes in any such jurisdiction;. (ev) use its reasonable best efforts to cause all Registrable Securities and Registrable Inside Shareholder Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities or Registrable Inside Shareholder Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable SecuritiesSecurities or Registrable Inside Shareholder Securities a signed counterpart, and each addressed to such seller's , except as provided in (y) below (and the underwriters, if any), a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Castle Dental Centers Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, subject to the last paragraph of Section 3(a), as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite SEC within 90 days, and use its best efforts to prepare and so file within 45 days, after receipt of a request for registration with respect to such Registrable Securities, a registration statement on any form for which the Company then qualifies or which counsel for the Company shall deem appropriate, subject to effect Section 3(b) hereof, and which form shall be available for the sale of the Registrable Securities as part of such registration registration, and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDprovided, HOWEVERhowever, that before filing with the SEC a registration statement or prospectus or any amendments or supplements thereto, the Company may discontinue any registration will (i) furnish to one counsel selected by the Holders of its securities which are not a majority of the Registrable Securities (andcovered by such registration statement copies of all such documents proposed to be filed, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior documents will be subject to the effective date review of the such counsel, and (ii) notify each Holder of Registrable Securities covered by such registration statement relating theretoof any stop order issued or threatened by the SEC and take all reasonable actions required to prevent the entry of such stop order or to remove it if entered; (b) prepare and file with the Commission SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for such period as the underwriters may reasonably request, which period will terminate when all Registrable Securities covered by such registration statement have been sold (but not before the expiration of the 90-day period referred to in Section 4(3) of the Securities Act and to Rule 174 thereunder, if applicable), and comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller Holder and each underwriter, if any, of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of statement, each such amendment and supplement thereto (in each case including all exhibitsexhibits thereto), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any such other prospectus filed under Rule 424 under documents as such Holder may reasonably request in order to facilitate the disposition of the Registrable Securities Actowned by such Holder, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (d) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available jurisdictions as any Holder and as the sellers underwriter of Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, requests and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers Holder and each underwriter to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersHolder; provided, except however, that the Company shall will not for any such purpose be required to (i) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision paragraph (d), (ii) be obligated subject itself to be so qualified taxation in any such jurisdiction or to (iii) consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all the Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in by virtue of the opinion business and operations of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller Holder or sellers Holders thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date immediately notify each Holder of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: Securities (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that(ii) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, or upon (iii) of the happening of any event which comes to the Company's attention if as a result of which, such event the prospectus included in such registration statement, as then in effect, includes statement contains 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 misleadingmisleading and, in each such case, the light of the circumstances under which they were made, and at the request of any such seller Company will promptly prepare and furnish to it a reasonable number of copies of such Holder a supplement or amendment to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall will not include contain an untrue statement of a material fact or omit to state a any material fact required to be stated therein or necessary to make the statements therein not misleading misleading; (g) if Registrable Securities are then listed on a national securities exchange or quoted on a national market system, use its best efforts to cause all such Registrable Securities to be listed on such national securities exchange or quoted on such national market system and on each securities exchange on which similar securities issued by the Company are then listed or quoted, and enter into such customary agreements including a listing application or application for quotation and indemnification agreement in customary form, provided, however, that the light applicable listing or quotation requirements are satisfied, and to provide a transfer agent and registrar for such Registrable Securities covered by such registration statement no later than the effective date of the circumstances under which they were madesuch registration statement; (h) enter into such customary agreements (including an underwriting agreement) and take all such other actions as the Holders of a majority (by number of shares being sold) of the Registrable Securities or the underwriters retained by such Holders reasonably request in order to expedite or facilitate the disposition of such Registrable Securities, including provision of customary opinions and indemnification; (i) make available for inspection by any Holder of Registrable Securities covered by such registration statement, any underwriter participating in any disposition pursuant to such registration statement and amendment thereto, and any attorney, accountant or other agent retained by any such Holder or underwriter (collectively, the "Inspectors"), all financial and other records, pertinent corporate documents and properties of the Company and its subsidiaries, if any, as shall be reasonably necessary to enable them to exercise their due diligence responsibility, and cause the officers, directors and employees of the Company and its subsidiaries to supply all information and respond to all inquiries reasonably requested by any such Inspector in connection with such registration statement and amendments thereto; (j) use its best efforts to obtain a "cold comfort" letter from the Company's independent public accountants addressed to the selling Holders and the underwriters in customary form and covering such matters of the type customarily covered by "cold comfort" letters as the Holders of a majority (by number of shares being sold) of the Registrable Securities or the underwriters retained by such Holders reasonably request; (k) otherwise use its reasonable best efforts to comply in all material respects with all applicable rules and regulations of the CommissionSEC, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the a period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such the registration statementstatement and the effective date of each post-effective amendment thereto (as the term "effective date" is defined in Rule 158(c) under the Securities Act), which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (il) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registrationthe applicable Registration Statement, use its efforts to provide a CUSIP number for all Registrable Securities, and provide the applicable transfer agents with printed certificates for the Registrable Securities which are in a form eligible for deposit with Depositary Trust Company; and (jm) use its reasonable best efforts promptly prior to list all Registrable Securities covered the filing of any document which is to be incorporated by such registration statement on any national securities exchange on which Registrable Securities reference into the Registration Statement or the prospectus (after initial filing of the same class covered by Registration Statement), provide copies of such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which document to counsel to the Common Stock is then listed. The Company may require each seller selling Holders of Registrable Securities and to the managing underwriters, if any, and make the Company's representatives available for discussion of such document and make such changes in such document prior to the filing thereof as counsel for such selling holders or underwriters may reasonably request. It shall be a condition precedent to the obligation of the Company to take any action pursuant to this Agreement in respect of the securities which are to be registered at the request of any registration is being effected Holder of Registrable Securities that such Holder shall furnish to furnish the Company such information regarding the securities held by such seller Holder and the distribution intended method of such securities disposition thereof as the Company may from time to time shall reasonably request and as shall be required in writingconnection with the action taken by the Company. Each holder Holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (gSection 6(f) of this Section 1.3hereof, such holder Holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to covering such Registrable Securities until such holderHolder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gSection 6(f) of this Section 1.3 hereof, and, if so directed by the Company, such Holder will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holderHolder's possession possession, of the prospectus relating to covering such Registrable Securities current at the time of receipt of such notice. In the event the Company shall give any such notice, the period mentioned in Section 6(b) hereof shall be extended by the greater of (i) one month or (ii) the number of days during the period from and including the date of the giving of such notice pursuant to Section 6(f) hereof to and including the date when each Holder of Registrable Securities covered by such registration statement shall have received the copies of the supplemented or amended prospectus contemplated by Section 6(f) hereof. If for any other reason the effectiveness of any Registration Statement filed pursuant to Section 3 hereof is suspended or interrupted prior to the expiration of the time period regarding the maintenance of the effectiveness of such Registration Statement required by such Section 3 so that Registrable Securities may not be sold pursuant thereto, the applicable time period shall be extended by the number of days equal to the number of days during the period beginning with and including the date of such suspension or interruption to and including the date when the sale of Registrable Securities pursuant to such Registration Statement may be recommenced.

Appears in 1 contract

Samples: Registration Rights Agreement (Overseas Shipholding Group Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, will as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(asection 2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until for such time period as shall be required for the disposition of all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDSecurities, provided that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company120 days; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (ix) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (iiy) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iiiz) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal Federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; ; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, Securities and each such seller's underwriters, if any, the Significant Investors a signed counterpart of: of (ix) an opinion of counsel for the Company, dated which may be the effective date of such registration statement and, if applicable, the date head in-house counsel of the closing under the underwriting agreementCompany, and and (iiy) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities (and dated the dates such opinions and comfort letters are customarily dated) and, in the case of the accountants' comfort letter, such other financial matters,, and, in the case of the legal opinion, such other legal matters, as the sellers of more than 50% of the Registrable Securities covered by such registration statement, the underwriters or the Significant Investors may reasonably request; ; (gvii) notify each seller of Registrable Securities covered by such registration statement and the Significant Investors, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller or Significant Investor promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Polaroid Corp)

Registration Procedures. If Subject to Section 2.1(a), if and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company willshall, as expeditiously as reasonably possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration (including such audited financial statements as may be required by the Securities Act or the rules and regulations promulgated thereunder) and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDand remain effective for a period of at least 120 days, HOWEVER, provided however that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period of at least 120 days and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until the earlier of such time as all of such Registrable Securities securities have been disposed of in accordance with the intended method or methods of disposition by the seller or sellers thereof Trust set forth in such registration statement; PROVIDED, that except with respect to any statement or such registration statement filed pursuant to Rule 415 under other time as is required by the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller the Trust and its underwriter or underwriters, if any, of Registrable Securities covered the securities being sold by such registration statement, the Trust such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under pursuant to Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller the Trust and its underwriter or underwriters, if any, may reasonably request; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other state securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.or

Appears in 1 contract

Samples: Registration Rights Agreement (St Joe Paper Co)

Registration Procedures. If and whenever the Company is required to use its commercially reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 2.1, the Company willshall, as expeditiously as possible, subject to the provisions of Section 2.6: (ai) prepare and file with the Commission (such filing to be made within 90 45 days after the end initial request of the period within which requests for registration may be given to the Company one or more Initiating Holders of Registrable Securities and in any event as soon thereafter after receipt of such request as practicable) file with the Commission the requisite registration statement to effect such registration (including such audited financial statements as may be required by the Securities Act or the rules and regulations promulgated thereunder) and thereafter use its commercially reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, effective as promptly as practicable under the circumstances specified in circumstances; provided that with respect to a request pursuant to Section 1.2(a), its securities which are Registrable Securities) at any time 2.1 made prior to the effective date first anniversary of the Closing Date, the Company shall not be required to seek to cause the registration statement relating to become effective prior to the first anniversary of the Closing Date; and provided, further, that before filing such registration statement or any amendments thereto, the Company will furnish to the counsel selected by the holders of Registrable Securities which are to be included in such registration copies of all such documents proposed to be filed, which documents will be subject to the review, but not the prior approval, of such counsel; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until the earlier of such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any statement or the expiration of 90 days after such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companybecomes effective; (ciii) furnish to each seller of Registrable Securities covered by such registration statementstatement and each underwriter, if any, of the securities being sold by such seller such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller and underwriter, if any, may reasonably request; (div) use its commercially reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities laws or blue sky laws of such States jurisdictions as any seller thereof and any underwriter of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered securities being sold by such registration statement seller shall reasonably request, (ii) to keep such registration registrations or qualification qualifications in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller and underwriter to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; (ev) use its commercially reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable SecuritiesSecurities a signed counterpart, addressed to such seller and each such seller's the underwriters, if any, a signed counterpart of: (i1) an opinion of counsel for the Company, dated the effective date of such registration statement and(or, if applicablesuch registration includes an underwritten public offering, an opinion dated the date of the closing under the underwriting agreement) covering such matters as are customary in connection with such registration, reasonably satisfactory in form and substance to such seller, and (ii2) a "comfort" letter (or, in the case of any such Person which does not satisfy the conditions for receipt of a "comfort" letter specified in Statement on Auditing Standards No. 72, an "agreed upon procedures" letter), dated the effective date of such registration statement (and, if such registration includes an underwritten public offering, a letter of like kind dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities (with, in the case of an "agreed upon procedures" letter, such modifications or deletions as may be required under Statement on Auditing Standards No. 35) and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as such seller (or the underwriters underwriters, if any) may reasonably request; (gvii) notify the holders of Registrable Securities and the managing underwriter or underwriters, if any, promptly and confirm such advice in writing promptly thereafter: (1) when the registration statement, the prospectus or any prospectus supplement related thereto or post-effective amendment to the registration statement has been filed, and, with respect to the registration statement or any post-effective amendment thereto, when the same has become effective; (2) of any request by the Commission for amendments or supplements to the registration statement or the prospectus or for additional information; (3) of the issuance by the Commission of any stop order suspending the effectiveness of the registration statement or the initiation of any proceedings by any Person for that purpose (in which case the period mentioned in paragraph (ii) of this Section 2.2 shall be extended by the length of the period during which such stop order is in effect); (4) if at any time the representations and warranties of the Company made as contemplated by Section 2.3 below cease to be true and correct; or (5) of the receipt by the Company of any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the securities or blue sky laws of any jurisdiction or the initiation or threat of any proceeding for such purpose; (viii) notify each seller of Registrable Securities covered by such registration statement statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon the discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller promptly prepare and furnish to it such seller and each underwriter, if any, a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hix) otherwise use its make every reasonable best efforts effort to comply with all applicable rules and regulations obtain the withdrawal of any order suspending the effectiveness of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; at the earliest possible moment; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (jx) use its commercially reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities any of the securities of the same class as the Registrable Securities are then listed; and (x) use its commercially reasonable best efforts to list all Registrable Securities covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which any of the Common Stock is securities of the same class as the Registrable Securities are then listed; and (xi) use its commercially reasonable best efforts to provide a CUSIP number for the Registrable Securities, not later than the effective date of the registration statement. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening occurrence of any event of the kind described in subdivision (gviii) of this Section 1.32.2, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gviii) of this Section 1.3 2.2 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. In the event the Company shall give any such notice, the period mentioned in paragraph (ii) of this Section 2.2 shall be extended by the length of the period from and including the date when each seller of any Registrable Securities covered by such registration statement shall have received such notice to the date on which each such seller has received the copies of the supplemented or amended prospectus contemplated by paragraph (viii) of this Section 2.2. If any such registration statement refers to any holder of Registrable Securities by name or otherwise as the holder of any securities of the Company, then such holder shall have the right to require (i) the insertion therein of language, in form and substance satisfactory to such holder, to the effect that the holding by such holder of such securities is not to be construed as a recommendation by such holder of the investment quality of the Company's securities covered thereby and that such holding does not imply that such holder will assist in meeting any future financial requirements of the Company, or (ii) in the event that such reference to such holder by name or otherwise is not required by the Securities Act or any similar federal statute then in force and a written opinion from counsel to the holder to such effect is delivered to the Company, the deletion of the reference to such holder.

Appears in 1 contract

Samples: Registration Rights Agreement (General Motors Corp)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect In connection with the registration of any ------------------------ Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2Section 1 hereof, the Company will, shall as expeditiously as possible: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effectiveand remain effective (subject to clause (ii) below); PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration of its securities which that are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until for such time period as shall be required for the disposition of all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statementSecurities; PROVIDEDprovided, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number 90 days; and provided, further, that any period of days set forth in Rule 3-12(g) of Regulation S-X that applies discontinuance period pursuant to the Companylast paragraph of this Section 2 shall not be counted toward such 90 days; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, the Holders such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller the Holders may reasonably request; (div) use its reasonable best efforts (ix) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States states of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement Holders shall reasonably request, (iiy) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iiiz) to take any other action which that may reasonably be reasonably necessary or advisable to enable such sellers the Holders to consummate the disposition in such jurisdictions of the securities to be sold by such sellersthe Holders, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not not, but for the requirements of this subdivision paragraph (d) iv), be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable SecuritiesSecurities in accordance with their intended method of disposition; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, Securities and each such seller's the Holders' underwriters, if any, a signed counterpart of: (ix) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and and (iiy) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, each covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' accountant's comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' accountant's comfort letters delivered to the underwriters in underwritten public offerings of securities and, in (and dated the case of the accountants' dates such opinions and comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably requestletters are customarily dated); (gvii) notify each seller of Registrable Securities covered by such registration statement at any time the Holders when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller the Holders promptly prepare and furnish to it them a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hviii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve 12 months, but not more than eighteen 18 months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish the same to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectusthe Holders; (iix) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; (x) pay the reasonable fees and expenses of one counsel on behalf of the Holders whose Registrable Securities are included in the registration statement, together with any other selling security holders, with such counsel selected by a majority-in-interest (according to the number of shares of Common Stock each such Holder and other selling security holder is registering for sale in such registration statement) of such Holders and other selling security holders; and (jxi) use its commercially reasonable best efforts to list all Registrable Securities covered by such registration statement on the Nasdaq National Market or any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on in which the Common Stock of the Company is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected the Holders to furnish the Company such information regarding such seller the Holders and the distribution of such securities the Holders' Registrable Securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon Upon receipt of any notice from the Company of the happening of any an event of the kind described in subdivision item (gvii) of this Section 1.32, such holder the Holders will forthwith discontinue such holder's their disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's the Holders' receipt of the copies of the supplemented or amended prospectus contemplated by subdivision item (gvii) of this Section 1.3 and, if so directed by the Company, the Holders will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession the Holders' possession, of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Medsource Technologies Inc)

Registration Procedures. If and whenever the Company is ----------------------- required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 3.1 and 1.23.2, the Company will, as expeditiously as possiblewill promptly: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Securities and Exchange Commission the requisite within 120 days, and use its best efforts to prepare and file within 60 days, after receipt of a request pursuant to Section 3.1 a registration statement with respect to effect such registration securities, make all required filings with the NASD and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Securities and Exchange Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith and such other documents as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any but in no event for a period of more than six months after such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companybecomes effective; (c) furnish to each seller counsel (if any) selected by the holders of a majority (by number of shares) of the Registrable Securities covered by such registration statementstatement and to counsel for the underwriters in any underwritten offering copies of all documents proposed to be filed with the Securities and Exchange Commission (including all documents to be filed on a confidential basis) in connection with such registration, which documents will be subject to the review of such counsel; (d) furnish to each seller of such securities, without charge, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case case, including all exhibitsexhibits and documents filed therewith (other than those filed on a confidential basis), except that the Company shall not be obligated to furnish any seller of securities with more than two copies of such exhibits and documents), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably requestrequest in order to facilitate the disposition of the securities owned by such seller; (de) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other the securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it is not so qualified, subject itself to taxation in any jurisdiction wherein it is not so subject, or take any action which would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent subject it to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securitiesjurisdiction wherein it is not so subject; (f) in connection with an underwritten public offering only, furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart counterpart, addressed to the sellers, of: (i) an opinion of counsel for the CompanyCompany experienced in securities law matters, dated the effective date of such the registration statement and, if applicable, the date of the closing under the underwriting agreementstatement, and (ii) a "comfort" letter signed by the independent public accountants who have certified issued an audit report on the Company's financial statements included or incorporated by reference in such the registration statement, covering substantially the same matters with respect to such the registration statement (and the prospectus included therein) and, in the case of the such accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably requestsecurities; (gi) notify each seller holder of Registrable Securities covered by such - registration statement if such registration statement, at the time it or any amendment thereto became effective, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading, and, as promptly as practicable, prepare and file with the Securities and Exchange Commission a post-effective amendment to such registration statement and use best efforts to cause such post-effective amendment to become effective such that such registration statement, as so amended, shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading, and (ii) notify each holder of Registrable Securities covered -- by such registration statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, if the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleadingtherein, in the light of the circumstances under which they were made, and at the request of any such seller not misleading, and, as promptly as is practicable, prepare and furnish to it such holder a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading therein, in the light of the circumstances under which they were made, not misleading; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Securities and Exchange Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering of the period of at least twelve months, but not more than eighteen months, beginning Company complying with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable under the Securities a copy of any amendment or supplement to such registration statement or prospectusAct; (i) provide and cause to be maintained a transfer agent and registrar (which, in notify each case, may be the Company) for all Registrable Securities seller of any securities covered by such registration statement from (i) when such registration statement, or any post-effective - amendment to such registration statement, shall have become effective, or any amendment of or supplement to the prospectus used in connection therewith shall have been filed, (ii) of any request by the Securities and after a date not later than -- Exchange Commission to amend such registration statement or to amend or supplement such prospectus or for additional information, (iii) of the effective date --- issuance by the Securities and Exchange Commission of any stop order suspending the effectiveness of such registration; andregistration statement or of any order preventing or suspending the use of any preliminary prospectus, and (iv) of the suspension of the qualification of such securities for offering -- or sale in any jurisdiction, or of the institution of any proceedings for any of such purposes; (j) use its reasonable best efforts (i) (A) to list all Registrable Securities covered by such registration statement securities on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national - - securities exchange on which the Common Stock is then listed or, if no Common Stock is then listed, on an exchange selected by the Company, if such listing is then permitted under the rules of such exchange or (B) if - such listing is not practicable or the Board of Directors of the Company determines that quotation as a NASDAQ National Market System security is preferable, to secure designation of such securities as a NASDAQ "national market system security" within the meaning of Rule 11Aa2-1 under the Exchange Act or, failing that, to secure NASDAQ authorization for such securities, and, without limiting the foregoing, to arrange for at least two market makers to register as such with respect to such securities with the NASD, (ii) to provide a transfer agent and registrar for such -- Registrable Securities not later than the effective date of such registration statement and (iii) to obtain a CUSIP number for the --- Registrable Securities; and (k) use every reasonable effort to obtain the lifting of any stop order that might be issued suspending the effectiveness of such registration statement or of any order preventing or suspending the use of any preliminary prospectus. The Company may require each seller of Registrable Securities any securities as to which any registration is being effected to furnish to the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writingwriting and as shall be required by law in connection therewith. Each such holder agrees to furnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such holder not materially misleading. The Company agrees not to file or make any amendment to any registration statement with respect to any Registrable Securities, or any amendment of or supplement to the prospectus used in connection therewith, which refers to any seller of any securities covered thereby by name, or otherwise identifies such seller as the holder of any securities of the Company, without the consent of such seller, such consent not to be unreasonably withheld, except that no such consent shall be required for any disclosure that is required by law. By acquisition of Registrable Securities agrees by acquisition Securities, each holder of such Registrable Securities that, shall be deemed to have agreed that upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this pursuant to Section 1.33.3(g), such holder will forthwith promptly discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to covering such Registrable Securities until such holder's receipt holder shall have received, in the case of clause (i) of Section 3.3(g), notice from the Company that such registration statement has been amended, as contemplated by Section 3.3(g), and, in the case of clause (ii) of Section 3.3(g), copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if 3.3(g). If so directed by the Company, each holder of Registrable Securities will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to covering such Registrable Securities current at the time of receipt of such notice. In the event that the Company shall give any such notice, the period mentioned in Section 3.3(b) shall be extended by the number of days during the period from and including the date of the giving of such notice to and including the date when each seller of any Registrable Securities covered by such registration statement shall have received the copies of the supplemented or amended prospectus contemplated by Section 3.3(g). Although shares of Class A Common Stock issuable upon the exercise of options and shares of Class B Common Stock are included in the definition of Registrable Securities, the Company shall, in respect of any such Registrable Securities requested to be registered pursuant hereto, be required to include in any registration statement only shares of Class A Common Stock issuable upon conversion of or pursuant to such Registrable Securities and only if the Company has received assurances, reasonably satisfactory to it, in the case of shares issuable upon exercise of options, that such options will be exercised and in the case of Class B Common Stock that such Registrable Securities will be converted into shares of Class A Common Stock, in each case, promptly after such registration statement has become effective or the sale to an underwriter has been consummated so that only Class A Common Stock shall be distributed to the public under such registration statement.

Appears in 1 contract

Samples: Registration and Participation Agreement (CDW Holding Corp)

Registration Procedures. If and whenever In the case of each registration effected by the Company is required pursuant to use Section 11, the Company will keep each Holder advised in writing as to the initiation of each registration and as to the completion thereof. At its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2expense, the Company will, as expeditiously as possible: (ai) prepare prepare, and (within 90 days after the end of the period within which requests for registration may be given to the Company or as soon as practicable, but in any event as soon within 60 days thereafter as practicable) file with the Commission the requisite Commission, a registration statement with respect to effect such registration the Registrable Securities, make all required filings with the National Association of Securities Dealers, Inc. ("NASD") and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and promptly file with the Commission such amendments and post-effective amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and for so long as is required to comply with the provisions of the Securities Act with respect and to complete the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended method or methods of disposition by the seller or sellers thereof set forth thereof, but in such registration statement; PROVIDED, that except with respect to any no event for a period of more than four months after such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companybecomes effective; (ciii) furnish to counsel selected by the Holders copies of all documents proposed to be filed with the Commission in connection with such registration; (iv) furnish to each seller of Registrable Securities covered by such registration statementSecurities, without charge, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), exhibits and documents filed therewith) and such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities owned by such seller in accordance with the intended method or methods of disposition thereof; (dv) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other the securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition of such Registrable Securities in such jurisdictions in accordance with the intended method or methods of the securities to be sold by such sellersdisposition thereof, except provided that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it is not so qualified, subject itself to taxation in any jurisdiction wherein it is not so subject, or take any action which would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent subject it to general service of process in any such jurisdictionjurisdiction wherein it is not so subject; (evi) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal governmental agencies, authorities or state governmental agencies or authorities self-regulatory bodies as may be necessary in by virtue of the opinion business and operations of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable SecuritiesSecurities in accordance with the intended method or methods of disposition thereof; (fvii) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, Securities a signed counterpart counterpart, addressed to the sellers, of: (iA) an opinion of counsel for the CompanyCompany experienced in securities law matters, dated the effective date of such the registration statement (and, if applicablesuch registration includes an underwritten public offering, the date of the closing under the underwriting agreement, ); and (iiB) a "comfort" letter dated the effective date of such registration statement (and if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified issued an audit report on the Company's financial statements included or incorporated by reference in such the registration statement, covering substantially the same such matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably requestsecurities; (gviii) notify each seller of any Registrable Securities covered by such registration statement at any time when the Company has knowledge that a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon Act of the happening of any event or existence of any fact as a result of which, which the prospectus included in such 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, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller and, as promptly as is practicable, prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (hix) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement of the Company (in form complying with the provisions of Rule 158 under the Securities Act) covering the period of at least twelve 12 months, but not more than eighteen 18 months, beginning with the first full calendar month after the effective date of such the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (ix) provide and cause to be maintained a transfer agent and registrar (which, in notify each case, may be the Company) for all seller of any Registrable Securities covered by such registration statement from (i) when the prospectus or any prospectus supplement or post-effective amendment has been filed, and, with respect to such registration statement or any post-effective amendment, when the same has become effective, (ii) of any request by the Commission for amendments or supplements to such registration statement or to amend or to supplement such prospectus or for additional information, (iii) of the issuance by the Commission of any stop order suspending the effectiveness of such registration statement or the initiation of any proceedings for that purpose of which the Company has knowledge and after (iv) of the suspension of the qualification of such securities for offering or sale in any jurisdiction, or of the institution of any proceedings for any of such purposes of which the Company has knowledge; (xi) use every reasonable effort to obtain the lifting of any stop order that might be issued suspending the effectiveness of such registration statement at the earliest possible moment; (xii) use its reasonable best efforts (i) (A) to list such Registrable Securities on any securities exchange on which the equity securities of the Company are then listed or (B) if no such equity securities are then listed, to secure designation of such securities as a date NASDAQ "national market system security" within the meaning of Rule 11Aa2-1 under the Exchange Act or, failing that, to secure NASDAQ authorization for such Registrable Securities, and, without limiting the foregoing, to arrange for at least two market makers to register as such with respect to such Registrable Securities with the NASD, and (ii) to provide a transfer agent and registrar for such Registrable Securities not later than the effective date of such registrationregistration statement; (xiii) enter into such agreements and take such other actions as the sellers of Registrable Securities or the underwriters reasonably request in order to expedite or facilitate the disposition of such Registrable Securities, including, without limitation, to the extent that the offering in question is an underwritten offering, preparing for, and participating in, such number of "road shows" and all such other customary selling efforts as the underwriters reasonably request in order to expedite or facilitate such disposition; and (jxiv) use its reasonable best efforts to list take all Registrable Securities covered by such other steps necessary to effect the registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listedcontemplated hereby. The Company may require each seller of any Registrable Securities as to which any registration is being effected to furnish to the Company such information regarding such seller seller, including, without limitation, its ownership of Registrable Securities and the distribution disposition of such securities Registrable Securities, as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees writing and as shall be required by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described law in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.connection

Appears in 1 contract

Samples: Preferred Stock Purchase and Option Agreement (Imc Mortgage Co)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect In connection with the registration of any Registrable Securities under the Securities Act as provided in Common Shares pursuant to Sections 1.1 and 1.22 or 3 hereof, the Company willshall, as expeditiously as possiblepracticable: 5.1 Prepare (aand afford counsel for the sellers of Registrable Shares the opportunity to review and comment thereon) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite a registration statement with respect to effect such Common Shares as soon as practicable, but in no event later than 45 days (60 days if the applicable registration form is other than Form S-3) after the date notice is given, and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that effective within 90 days (or 120 days if the Company may discontinue any applicable registration form is other than Form S-3) after the date notice is given. 5.2 Prepare (and afford counsel for the sellers of its securities which are not Registrable Securities (and, under Shares the circumstances specified in Section 1.2(a), its securities which are Registrable Securitiesopportunity to review and comment thereon) at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary reasonably requested by any Holder of Registrable Shares being registered by such registration statement or any underwriter of Registrable Shares or as may be required by the rules, regulations or instructions applicable to the registration form used by the Company or by the Securities Act or rules and regulations thereunder, and to keep such registration statement effective and to comply with until the provisions second anniversary of the Securities Act with respect to date of its effectiveness, in the disposition case of all Registrable Securities covered by such a shelf registration statement until such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under Section 3, or for 120 days from the Securities Actdate of its effectiveness, such period need not exceed in the number case of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company;any other registration. (c) furnish 5.3 Furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), Holder such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, documents as such seller Holder may reasonably request;request in order to facilitate the disposition of the Common Shares owned by such Holder. (d) use 5.4 Use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities the Common Shares covered by such registration statement under such other the securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each selling Holder shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers Holder to consummate the disposition of the Common Shares owned by such Holder in such jurisdictions of during the securities to be sold by such sellersperiod specified in Section 5.2, except PROVIDED, HOWEVER, that the Company shall not for any such purpose be required to qualify generally to do transact business as a foreign corporation in any jurisdiction wherein where it would is not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction;. (e) use its reasonable best efforts to cause all Registrable Securities 5.5 Notify each Holder of any Common Shares covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement Registration Statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon Act of the happening of any event as a result of which, which the prospectus included contained or incorporated by reference in such 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, misleading in the light of the circumstances under which they were madethen existing. Each Holder agrees, upon receipt of such notice, forthwith to cease making offers and at sales of the request Common Shares pursuant to such registration statement or deliveries of the prospectus contained therein for any purpose and to return to the Company, for modification and exchange, the copies of such seller promptly prospectus not theretofore delivered by such Holder, provided that the Company shall forthwith prepare and furnish furnish, after securing such approvals as may be necessary, to it such Holder a reasonable number of copies of a any supplement to or an amendment of such prospectus as that may be necessary so that, as thereafter delivered to the purchasers Holders of such securitiesCommon Shares, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made;then existing. 5.6 In connection with any registration that is underwritten, include such information in the registration statement and prospectus related thereto (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of or in any amendment or supplement thereof) as may be reasonably requested by the underwriter or underwriters even if not required by Form S-3. 5.7 Enter into such agreements (including an underwriting agreement) and do anything else necessary or advisable in order to expedite or facilitate the disposition of such Registrable Shares, and in such connection, whether or not the registration statement or prospectusis an underwritten registration: (a) make such representations and warranties to the Holders of such Registrable Shares and the underwriters, if any, in form, substance and scope as are customarily made by issuers to underwriters in primary underwritten offerings; (ib) provide obtain opinions of counsel to the Company and cause updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriter, if any, and the Holders of a majority of the Registrable Shares being sold) addressed to each selling Holder and the underwriter, if any, covering the matters customarily covered in opinions delivered to underwriters in primary underwritten offerings and such other matters as may be reasonably requested by such Holders or underwriters; (c) obtain "cold comfort" letters and updates thereof from the Company's independent certified public accountants addressed to the selling Holders of Registrable Shares and the underwriters, if any, such letters to be maintained a transfer agent in customary form and registrar covering matters of the type customarily covered in "cold comfort" letters by underwriters in connection with primary underwritten offerings; (whichd) if an underwriting agreement is entered into, in each casecause the same to include the indemnification and contribution provisions and procedures of Section 7 hereof with respect to all parties to be indemnified pursuant to such Section (or, may be with respect to the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date indemnification of such registrationunderwriters, such similar indemnification and contribution provisions as such underwriters shall customarily require); and (je) deliver such documents and certificates as may be requested by the Holders of a majority of the Registrable Shares being sold and the managing underwriter, if any, to evidence compliance with clause (a) above and with any customary conditions contained in the underwriting agreement or other agreement entered into by the Company. The above shall be done at each closing under such underwriting or similar agreement or as and to the extent otherwise reasonably requested by the Holders of a majority of the Registrable Shares being sold. 5.8 Make available for inspection by representatives of the Holders of a majority of the Registrable Shares being sold, any underwriter participating in any disposition pursuant to such Registration Statement, and any attorney or accountant retained by the sellers or any such underwriter, all financial and other records and pertinent corporate documents and properties of the Company, and cause the Company's officers, directors and employees to supply all information reasonably requested by any such representative, underwriter, attorney or accountant in connection with the Registration and to participate in any roadshow presentation reasonably requested by the managing underwriter in any underwritten offering; provided that any records, information or documents that are designated by the Company in writing as confidential shall be kept confidential by such persons unless disclosure of such records, information or documents is required by court or administrative order. 5.9 Promptly notify all selling Holders of any stop order or similar proceeding initiated by state or federal regulatory bodies and use its reasonable best efforts to list take all Registrable Securities covered by necessary steps expeditiously to remove such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented stop order or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such noticesimilar proceeding.

Appears in 1 contract

Samples: Registration Rights Agreement (Vmark Software Inc)

Registration Procedures. (a) If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act for Sale in a public offering as provided in Sections 1.1 and 1.2Section 6.01 or 6.02(b), the Company will, shall as expeditiously as possibleis reasonably practicable: (ai) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite on any appropriate form a registration statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments (including post-effective amendments) and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities and other securities covered by such registration statement until the earlier of (A) such time as all of such Registrable Securities and other securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any statement and (B) the expiration of 90 days from the date such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Companyfirst becomes effective; (ciii) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, such documents incorporated by reference in such registration statement or prospectus, and such other documents, as such seller may reasonably requestrequest in order to facilitate the sale or disposition of such Registrable Securities; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or "blue sky sky" laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action which acts and things that may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold its Registrable Securities covered by such sellersregistration statement, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would is not but for the requirements so qualified, or to subject itself to taxation in respect of this subdivision (d) be obligated to be so qualified doing business in any such jurisdiction, or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all enter into such customary agreements (including an underwriting agreement in customary form), which may include indemnification provisions in favor of underwriters and other Persons in addition to, or in substitution for the provisions of Section 6.05 hereof, and take such other actions as sellers of a majority of shares of such Registrable Securities covered by such registration statement or the underwriters, if any, reasonably request in order to be registered with expedite or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate facilitate the disposition of such Registrable Securities; (fvi) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, Securities a signed counterpart of: copy of (iA) an any opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreementagreement with respect to such Public Offering, and in customary form and in form and scope reasonably satisfactory to the underwriter and its counsel, and (iiB) a "cold comfort" letter signed by the independent public accountants who have certified in customary form and covering matters of the Company's financial statements included or incorporated type customarily covered by reference "cold comfort" letters and otherwise in such form and scope as the seller of such Registrable Securities shall reasonably request (provided that Registrable Securities constitute at least 25% of the securities covered by such registration statement, covering substantially the same matters with respect to unless such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent a "cold comfort" letter or letters are provided to the date of Company or other selling holders or any underwriter in connection with such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably requestregistration); (gvii) immediately notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon of the happening of any event as a result of which, which the prospectus included in such 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, misleading in the light of the circumstances under which they were madethen existing or if it is necessary to amend or supplement such prospectus to comply with law, and at the request of any such seller promptly prepare and furnish to it such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such Registrable Securities or other securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing and shall otherwise comply in all material respects with law; (hviii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated the rules and regulations thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (iix) use its reasonable best efforts to list such Shares on each securities exchange or quotation system on which Shares are then listed or quoted, if such Shares are not already so listed or quoted and if such listing is then permitted under the rules of such exchange or quotation system, and provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all such Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; andregistration statement; (jx) cooperate with the holders of Registrable Securities covered by the registration statement and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing securities to be sold under the registration statement, and enable such securities to be in such denominations and registered in such names as the managing underwriter or agent, if any, or such holders may request; (xi) notify counsel for the holders of Registrable Securities included in such registration statement and the managing underwriter or agent, immediately, and confirm the notice in writing (A) when the registration statement, or any post-effective amendment to the registration statement, shall have become effective, or any supplement to the prospectus or any amendment prospectus shall have been filed, (B) of the receipt of any comments from the Commission, (C) of any request of the Commission to amend the registration statement or amend or supplement the prospectus or for additional information, and (D) of the issuance by the Commission of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus, or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, or of the institution or threatening of any proceedings for any of such purposes; (xii) use its reasonable best efforts to list all Registrable Securities covered by such prevent the issuance of any stop order suspending the effectiveness of the registration statement on or of any national securities exchange on which Registrable Securities order preventing or suspending the use of the same class covered by such registration statement are then listed any preliminary prospectus and, if no any such order is issued, to obtain the withdrawal of any such order at the earliest possible moment; (xiii) if requested by the managing underwriter or underwriters, promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or underwriters or agent or such holder reasonably requests to be included therein, including, without limitation, with respect to the number of Registrable Securities being sold by such holder to such underwriter or underwriters or agent, the purchase price being paid therefor by such underwriter or underwriters or agent and with respect to any other terms of the underwritten offering of the Registrable Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such prospectus supplement or post-effective amendment; (xiv) cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable Securities are so listedand their respective counsel in connection with any filings required to be made with the National Association of Securities Dealers, on Inc.; and (xv) issue to any national securities exchange on underwriter to which any holder of Registrable Securities may sell such Registrable Securities in connection with any such registration (and to any direct or indirect transferee of any such underwriter) certificates evidencing Shares without the Common Stock is then listedlegends described in Section 5.02(a). The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company with such information regarding such seller and the distribution of such securities Registrable Securities as the Company may from time to time reasonably request in writing. writing and as shall be required by law or by the Commission in connection therewith. (b) Each holder of Registrable Securities agrees agrees, if so required by acquisition the managing underwriter or underwriters of such an underwritten public offering of Shares, not to effect any sale or distribution of Registrable Securities that, upon receipt (other than as part of any notice from a public offering other than the Company Initial Public Offering) during the seven days prior to and 180 days after the effective date of the happening registration statement with respect to such underwritten public offering; provided that this Section 6.03(b) shall be applicable to the holders of any event Registrable Securities only if all executive officers and directors and all stockholders holding more than five percent (5%) of the kind described then outstanding Common Stock are subject to a similar restriction. Notwithstanding anything herein or in subdivision the Ancillary Agreements to the contrary, Xxxxxxx Sachs and it Affiliates shall not be restricted from engaging in any brokerage, investment advisory, financial advisory, anti-raid advisory, merger advisory, financing, asset management, trading, market making, arbitrage and other similar activities conducted in the ordinary course of its or its Affiliates' business. (gc) of this Section 1.3The Company agrees, if so required by the managing underwriter or underwriters in connection with such holder will forthwith discontinue such holder's disposition public offering of Registrable Securities pursuant to Section 6.01 or Section 6.02, not to effect any public sale or distribution of any of its equity securities or securities convertible into or exchangeable or exercisable for any of such equity securities during the seven days prior to and the 180 days after the effective date of any registration statement relating with respect to such public offering, except as part of such public offering or except in connection with a stock option plan, stock purchase plan, savings or similar plan, or an acquisition, merger or exchange offer. (d) It is understood that, in any public offering of Registrable Securities until such holder's receipt Securities, in addition to the Shares (the "Initial Shares") the underwriters have committed to purchase, the underwriting agreement may grant the underwriters an option to purchase a number of additional shares (the "Option Shares") equal to up to 15% of the copies initial Shares (or such other maximum amount as the National Association of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 andSecurities Dealers, if so directed Inc. may then permit), solely to cover over-allotments. Shares proposed to be sold by the CompanyCompany and the requesting holders shall be allocated between Initial Shares and Option Shares as agreed or, will deliver to in the Company (at absence of agreement, in the Company's expense) all copies, other than permanent file copies, then in such holder's possession of same manner as the prospectus relating to such Registrable Securities current at the time of receipt of such noticeInitial Shares.

Appears in 1 contract

Samples: Securityholders' Agreement (Priceline Com Inc)

Registration Procedures. If With respect to the Resale Registration Statement, and whenever the Holders have properly requested that any Registrable Securities be registered pursuant to Section 15 or 16 of this Warrant (the Resale Registration Statement and such other registration statement including the Registrable Securities being referred to herein as a "Registration Statement"), the Company is required will, subject to all limitations set forth herein, use its reasonable best efforts to effect the registration and the sale of any such Registrable Securities under in accordance with the Securities Act as provided in Sections 1.1 intended method of disposition thereof, and 1.2, pursuant thereto the Company will, if applicable, as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite registration statement a Registration Statement with respect to effect such registration Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement Registration Statement to become effective; PROVIDEDeffective (PROVIDED that before filing a Registration Statement or prospectus or any amendments or supplements thereto, HOWEVER, that the Company may discontinue any registration will furnish to each Holder copies of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(aall such documents proposed to be filed), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; ; (b) prepare and file with the Commission such amendments and supplements to such registration statement Registration Statement and the prospectus used in connection therewith as may be necessary to keep such Registration Statement effective for a period ending on the earlier of (i) the date all such registered Registrable Securities are sold and any prospectus delivery requirements under the Securities Act shall have lapsed, and (ii) (A) one year (in the case of a registration statement effective on Form S-1 or comparable long-form registration statement) or (B) until the expiration of the Registration Period (in the case of any other Registration Statement, including the Resale Registration Statement), and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until Registration Statement during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers Holders thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the CompanyRegistration Statement; (c) furnish to each seller of Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (d) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers to consummate the disposition in such jurisdictions of the securities to be sold by such sellers, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (d) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (e) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Warrant Agreement (Alfacell Corp)

Registration Procedures. If and whenever the Company is ----------------------- required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 Section 4.1 and 1.24.2, the Company will, will as expeditiously as possible: (ai) use its best efforts to prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or as soon as practicable, and in any event as soon thereafter as practicablewithin 75 days in the case of Forms S-1 or S-2 and 30 days in the case of a registration requested on Form S-3) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDEDprovided, HOWEVERhowever, that the Company may discontinue any registration -------- ------- of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a4.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) use its best efforts to prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such registration statement until for such time period as shall be required for the disposition of all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDEDSecurities, provided, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company180 days; (ciii) use its best efforts to furnish to each seller of Registrable Securities covered by such registration statementselling Stockholder, such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller each selling Stockholder may reasonably request; (div) use its reasonable best efforts (ix) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and as the sellers of Registrable Securities covered by such registration statement each selling Stockholder shall reasonably request, (iiy) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iiiz) to take any other action which may be reasonably necessary or advisable to enable such sellers each selling Stockholder to consummate the disposition in such jurisdictions of the securities to be sold by such sellerseach selling Stockholder, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation Company in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof each selling Stockholder to consummate the disposition of such Registrable Securities; (fvi) in the case of an underwritten public offering of securities, furnish at the effective date of such registration statement to each seller of Registrable Securities, selling Stockholder and each such seller's underwriters, if any, the underwriters a signed counterpart of: of (ix) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and and (iiy) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, statement covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' accountant's comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' accountant's comfort letters delivered to the underwriters in underwritten public offerings of securities (and dated the dates such opinions and comfort letters are customarily dated) and, in the case of the accountants' accountant's comfort letter, such other financial matters, and, and in the case of the legal opinion, such other legal matters, as each selling Stockholder, or the underwriters underwriters, may reasonably request; (gvii) notify each seller of Registrable Securities covered by such registration statement selling Stockholder at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, in the judgment of the Company, the prospectus included in such 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 under which they were made, and at the request of any such seller each selling Stockholder promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, in the judgment of the Company, as thereafter delivered to the purchasers selling Stockholders of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hviii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities selling Stockholder a copy of any amendment or supplement to such registration statement or prospectus; (iix) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (jx) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange or national quotations system on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected selling Stockholder to furnish the Company in writing as promptly as reasonably practicable such information regarding such seller selling Stockholder and the distribution of such securities Registrable Securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities selling Stockholder agrees by acquisition of such Registrable Securities that, that upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (gvii) of this Section 1.34.3, such holder selling Stockholder will forthwith discontinue such holder's its disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holderselling Stockholder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gvii) of this Section 1.3 4.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holderselling Stockholder's possession possession, of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Stockholders' Agreement (Homestore Com Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 sections 2.1 and 1.22.2, the Company will, will as expeditiously as reasonably possible: (ai) prepare and (within 90 60 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period of either (A) not less than 90 days (subject to extension pursuant to the last paragraph of this section 2.4) or, if such registration statement relates to an underwritten offering, such longer period as in the opinion of counsel for the underwriters a prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer or (B) such shorter period as will terminate when all of the securities covered by such registration statement have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement (but in any event not before the expiration of any longer period required under the Securities Act), and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, the Participating Holders such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documentsdocuments in order to facilitate the disposition of the Registrable Securities owned by the Participating Holders, as such seller the Participating Holders may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States jurisdiction as, in the case of the United States of America where an exemption is not available and as the sellers any underwritten offering of Registrable Securities covered by such pursuant to a registration statement requested under Section 2.1, the Initiating Holder shall reasonably request, (ii) or, in the case of any other registration, as the Participating Holders shall reasonably request, to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers the Participating Holders to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellers, except the Participating Holders; provided that the Company shall not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would not otherwise be required to qualify but for the requirements of this subdivision (div), (B) be obligated to be so qualified or to consent to general service of process in any such jurisdiction, (C) subject itself to taxation in such jurisdiction, or (D) qualify such securities in any jurisdiction in which the blue sky authority requires that the Participating Holders submit any shares of Registrable Securities to the terms, provisions and restrictions of any escrow, lock-up or similar agreement(s) for consent to sell Registrable Securities in such jurisdiction unless the Participating Holders agree to do so; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in by virtue of the opinion business and operations of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof Participating Holders to consummate the disposition of such Registrable Securities; (fvi) furnish at to the effective date of such registration statement Participating Holders a signed counterpart, addressed to each seller of Registrable Securities, the Participating Holders (and each such seller's the underwriters, if any, a signed counterpart of: ) of (iA) an opinion of counsel for the Company, dated the effective date of such registration statement (and, if applicablesuch registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), and reasonably satisfactory in form and substance to the Participating Holders, and (iiB) a "comfort" letter (unless the registration is pursuant to section 2.2 and such a letter is not otherwise being furnished to the Company or the Participating Holders pursuant to section 2.2), dated the effective date of such registration statement (and, if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified the Company's ’s financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's ’s counsel and in accountants' comfort letters ’ letter delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters Participating Holders (or the underwriters, if any) may reasonably request; (gvii) notify each seller of Registrable Securities covered by such registration statement the Participating Holders at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the discovery of the happening of any event as a result of which, the prospectus included in such 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, misleading in the light of the circumstances under which they were made, and at the request of any such seller the Participating Holders promptly prepare and furnish to it the Participating Holders a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (hviii) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the a period of at least twelve months, but not more than eighteen months, beginning with the first full a calendar month commencing not more than three months after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunderAct, and promptly will furnish to each such seller of Registrable Securities the Participating Holders at least two business days prior to the filing thereof a copy of any amendment or supplement to such registration statement or prospectusprospectus and shall not file any such amendment or supplement to which the Participating Holders shall have reasonably objected in writing on the grounds that such amendment or supplement does not comply (explaining why) in all material respects with the requirements of the Securities Act or of the rules or regulations thereunder; (iix) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registrationregistration statement; and (jx) use its reasonable best efforts (A) to list cause all such Registrable Securities covered by such registration statement to be listed on any a national securities exchange (if such Registrable Securities are not already so listed) and on each other securities exchange on which similar securities issued by the Company are then listed, if the listing of such Registrable Securities is then permitted under the rules of such exchange; or (B) to secure the same class designation of all such Registrable Securities covered by such registration statement are then listed andas a NASDAQ “national market system security” within the meaning of Rule 11Aa2-1 of the Commission or, if no failing that, to secure NASDAQ authorization for such Registrable Securities are so listedand, on any national securities exchange on which without limiting the Common Stock is then listed. The Company may require each seller generality of the foregoing, to arrange for at least two market makers to register as such with respect to such Registrable Securities as with the National Association of Securities Dealers. It shall be a condition precedent to which the obligations of the Company to take any registration is being effected action pursuant to this Agreement that each Holder shall furnish to the Company such information regarding such seller it, the ownership of the Registrable Securities held by it, and the distribution its intended method of disposition of such securities as the Company may from time to time shall reasonably request and as shall be required by law in writingconnection with the action to be taken by the Company. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon Upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (gvii) of this Section 1.3section 2.4, such holder the Participating Holders will forthwith discontinue such holder's their disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (gvii) of this Section 1.3 section 2.4 and, if so directed by the Company, the Participating Holders will use their best efforts to deliver to the Company (at the Company's ’s expense) all copies, other than permanent file copies, copies then in such holder's possession their possession, of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. In the event the Company shall give any such notice, the applicable time period mentioned in clause (ii) of this section 2.4 during which a Registration Statement is to remain effective shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to this paragraph to and including the date when the Participating Holders shall have received the copies of the supplemented or amended prospectus contemplated by clause (vii) of this section 2.4.

Appears in 1 contract

Samples: Registration Rights Agreement (Healthessentials Solutions Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 2.1 and 1.22.2, the Company will, will as expeditiously as possible: (ai) prepare and (within 90 as soon thereafter as possible or in any event no later than 60 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicableCompany) file with the Commission the requisite registration statement to effect such registration and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVER, provided that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a2.2(a), its securities which are Registrable Securities) at any time prior to the effective date of the registration statement relating thereto; (bii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until such time as all of such Registrable Securities securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (ciii) furnish to each seller of Registrable Securities covered by such registration statement, statement such number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus contained in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; (div) use its reasonable best efforts (i) to register or qualify all Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller thereof shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take any other action which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold owned by such sellersseller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this subdivision (div) be obligated to be so qualified or to consent to general service of process in any such jurisdiction; (ev) use its reasonable best efforts to cause all Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such 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 under which they were made, and at the request of any such seller promptly prepare and furnish to it a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were made; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (j) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed. The Company may require each seller of Registrable Securities as to which any registration is being effected to furnish the Company such information regarding such seller and the distribution of such securities as the Company may from time to time reasonably request in writing. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision (g) of this Section 1.3, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision (g) of this Section 1.3 and, if so directed by the Company, will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such holder's possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Titan Exploration Inc)

Registration Procedures. If and whenever the Company is required to use its reasonable best efforts ----------------------- to effect or cause the registration of any Registrable Securities under the Securities Act as provided in Sections 1.1 and 1.2this Agreement, the Company will, as expeditiously as possible: (a) prepare and (within 90 days after the end of the period within which requests for registration may be given to the Company or in any event as soon thereafter as practicable) file with the Commission the requisite a registration statement with respect to effect such registration Registrable Securities, and thereafter use its reasonable best efforts to cause such registration statement to become effective; PROVIDED, HOWEVERprovided, however, that the Company may discontinue any registration of its securities which are not Registrable Securities (and, under the circumstances specified in Section 1.2(a), its securities which are Registrable Securities) is being effected pursuant to Sections 3 or 4 herein at any time prior to the effective date of the registration statement relating thereto; (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period of not less than (i) 180 days in the case of a registration of Registrable Securities pursuant to Section 3 hereof, or (ii) 90 days in the case of a registration of Registrable Securities pursuant to Section 4 hereof, or (iii) such shorter period which will terminate when all Registrable Securities covered by such registration statement have been sold (but not before the expiration of the 90-day period referred to in Section 4(3) of the Securities Act and to Rule 174 thereunder, if applicable) and comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities securities covered by such registration statement until during such time as all of such Registrable Securities have been disposed of period in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; PROVIDED, that except with respect to any such registration statement filed pursuant to Rule 415 under the Securities Act, such period need not exceed the number of days set forth in Rule 3-12(g) of Regulation S-X that applies to the Company; (c) furnish to each seller of such Registrable Securities covered by such registration statement, such number of conformed copies of such registration statement and of each such amendment and supplement thereto thereof (in each case including all exhibits), such number of copies of the prospectus contained included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 under the Securities Act), in conformity with the requirements of the Securities Act, and such other documents, documents as such seller may reasonably requestrequest in order to facilitate the disposition of the Registrable Securities by such seller; (d) use its reasonable best efforts (i) to register or qualify all such Registrable Securities and other securities covered by such registration statement under such other securities or blue sky laws of such States of the United States of America where an exemption is not available and jurisdictions as the sellers of Registrable Securities covered by such registration statement each seller shall reasonably request, (ii) to keep such registration or qualification in effect for so long as such registration statement remains in effect, and (iii) to take do any and all other action acts and things which may be reasonably necessary or advisable to enable such sellers seller to consummate the disposition in such jurisdictions of the securities to be sold Registrable Securities owned by such sellersseller; provided, except however, that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein where it would is not but for the requirements of this subdivision (d) be obligated to be then so qualified or to consent take any action which would subject it to general service of process in any such jurisdictionjurisdiction where it is not then so subject or subject itself to general taxation in any jurisdiction where it is not then so subject; (e) use its reasonable best efforts to cause all immediately notify each seller of any Registrable Securities covered by such registration statement to be registered with or approved by such other federal or state governmental agencies or authorities as may be necessary in the opinion of counsel to the Company and counsel to the seller or sellers of Registrable Securities to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; (f) furnish at the effective date of such registration statement to each seller of Registrable Securities, and each such seller's underwriters, if any, a signed counterpart of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement and, if applicable, the date of the closing under the underwriting agreement, and (ii) a "comfort" letter signed by the independent public accountants who have certified the Company's financial statements included or incorporated by reference in such registration statement, covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of the accountants' comfort letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer's counsel and in accountants' comfort letters delivered to the underwriters in underwritten public offerings of securities and, in the case of the accountants' comfort letter, such other financial matters, and, in the case of the legal opinion, such other legal matters, as the underwriters may reasonably request; (g) notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities ActAct within the appropriate period mentioned in clause (b) of this Section 5, upon discovery that, or upon of the happening of any event as a result of which, Company becoming aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, misleading in the light of the circumstances under which they were madethen existing, and at the request of any such seller promptly within ten days prepare and furnish to it all sellers a reasonable number of copies of a supplement to an amended or an amendment of such supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such securitiesRegistrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances under which they were madethen existing; (h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission, and, if required, make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder, and promptly furnish to each such seller of Registrable Securities a copy of any amendment or supplement to such registration statement or prospectus; (i) provide and cause to be maintained a transfer agent and registrar (which, in each case, may be the Company) for all Registrable Securities covered by such registration statement from and after a date not later than the effective date of such registration; and (jf) use its reasonable best efforts to list all Registrable Securities covered by such registration statement on any national securities exchange on which Registrable Securities of the same class covered by such registration statement are then listed and, if no such Registrable Securities are so listed, on any national securities exchange on which the Common Stock is then listed, if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange, and provide an independent transfer agent and registrar for such Registrable Securities covered by such registration statement not later than the effective date of such registration statement; (g) cooperate with each seller of Registrable Securities and the underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legend; and enable such Registrable Securities to be in such denominations and registered in such names as the holders of Registrable Securities or the underwriters, if any, may request at least two business days prior to any sale of Registrable Securities made by such underwriter; (h) furnish to each seller of Registrable Securities covered by such registration statement a signed counterpart, addressed to such seller (and the underwriters, if any) of: (i) an opinion of counsel for the Company, dated the effective date of such registration statement (or, if such registration involves an underwritten public offering, dated the date of the closing under the underwriting agreement), reasonably satisfactory in form and substance to the sellers of not less than 50% of such Registrable Securities (and the managing underwriter, if any); and (ii) a "comfort" letter, dated the effective date of such registration statement (or, if such registration involves an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the independent public accountants who have certified the Company's financial statements included in such registration statement, covering such matters with respect to such registration statement as are customarily covered in accountants' letters delivered to the underwriters in underwritten offerings of securities as may reasonably be requested by the sellers of not less than 50% of such Registrable Securities (and the managing underwriter, if any); and (i) make available for inspection by any seller of such Registrable Securities covered by such registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such seller or any such underwriter (individually, an "Inspector" and collectively, the "Inspectors"), all pertinent financial and other records, pertinent corporate documents and properties of the Company as shall be reasonably necessary to enable them to exercise their due diligence responsibility (collectively, the "Records"), and cause all of the Company's officers, directors and employees to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; provided that any Records that are designated by the Company in writing as confidential shall be kept confidential by the Inspectors unless (A) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in such registration statement or (B) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction or by any regulatory authority having jurisdiction. Each Investor agrees that non-public information obtained by it as a result of such Inspections shall be deemed confidential and acknowledges its obligations under the Federal securities laws not to trade any securities of the Company on the basis of material non-public information. The Company may require each seller of Registrable Securities as to which any registration is being effected promptly to furnish to the Company such information regarding such seller and the distribution of such securities Registrable Securities as may be legally required. Such information shall be furnished in writing and shall state that it is being furnished for use in the Company may from time to time reasonably request in writingregistration statement. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any notice from the Company of the happening of any event of the kind described in subdivision clause (ge) of this Section 1.35, such holder will forthwith discontinue such holder's disposition of Registrable Securities pursuant to the registration statement relating to covering such Registrable Securities until such holder's receipt of the copies of the supplemented or amended prospectus contemplated by subdivision clause (ge) of this Section 1.3 5, and, if so directed by the Company, such holder will deliver to the Company (at the Company's expense) all copies, other than permanent file copies, copies then in such holder's possession possession, of the prospectus relating to covering such Registrable Securities current at the time of receipt of the Company's notice. In the event the Company shall give any such notice, the period mentioned in clause (b) of this Section 5 shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to clause (e) of this Section 5 and including the date when each seller of Registrable Securities covered by such registration statement shall have received the copies of the supplemented or amended prospectus contemplated by clause (e) of this Section 5. To the extent not inconsistent with applicable law, each holder of Registrable Securities whose Common Stock is included in a registration statement hereunder, if requested by the managing underwriter or underwriters for such registration, agrees not to effect any public sale or distribution of Registrable Securities, including a sale pursuant to Rule 144 (or any similar provision then in force) under the Securities Act, during the fifteen business days prior to, and during the ninety-day period (or such shorter period as may be agreed to by such holders) beginning on, the effective date of a demand registration statement.

Appears in 1 contract

Samples: Registration Rights Agreement (Dri Acquisition LLC)

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