Registration Statement Effective; Eligibility Clause Samples
The 'Registration Statement Effective; Eligibility' clause defines when a registration statement filed with a regulatory authority, such as the SEC, becomes effective and specifies the conditions under which parties are eligible to participate in the related offering or transaction. Typically, this clause outlines the procedural steps required for the registration statement to be declared effective, such as the submission of necessary documents and the receipt of regulatory approval, and may detail eligibility criteria for investors or securities involved. Its core practical function is to ensure that all parties understand when the offering can legally proceed and who is permitted to participate, thereby promoting compliance and reducing the risk of regulatory violations.
Registration Statement Effective; Eligibility. The Registration Statement has become effective; no stop order suspending the effectiveness of the Registration Statement is in effect, and no proceedings for such purpose are pending before or threatened by the Commission. If the Registration Statement is an automatic shelf registration statement as defined in Rule 405 under the Securities Act, the Company is a well-known seasoned issuer (as defined in Rule 405 under the Securities Act) eligible to use the Registration Statement as an automatic shelf registration statement and the Company has not received notice that the Commission objects to the use of the Registration Statement as an automatic shelf registration statement.
Registration Statement Effective; Eligibility. The Registration Statement has become effective; no stop order suspending the effectiveness of the Registration Statement is in effect, and no proceedings for such purpose are pending before or threatened by the Commission.