Reports During Offering Sample Clauses
The "Reports During Offering" clause requires parties involved in a securities offering to provide regular updates and disclosures throughout the offering period. Typically, this means the issuer must supply investors or underwriters with timely information about material developments, financial status, or any changes that could affect the offering. By mandating ongoing reporting, this clause ensures transparency and keeps all stakeholders informed, thereby reducing information asymmetry and helping investors make well-informed decisions.
Reports During Offering. During the offering period and until the Partnership is fully invested, the Partnership will file any prospectus required by Section 10(a)(3) of the Securities Act of 1933 as post-effective amendments to the registration statement. The Partnership will additionally file after the end of the distribution period, a current report on Form 8-K containing the financial statements and any additional information required by Rule 3-14 of Regulation S-X, to reflect each commitment (i.e., the signing of a binding purchase agreement) made after the end of the distribution period involving the use of 10% or more (on a cumulative basis) of the net proceeds of the offering and to provide the information contained in such report to the limited partners at least once each quarter after the distribution period of the offering has ended. The Partnership will also file a sticker supplement pursuant to Rule 424(c) under the Securities Act of 1933 during the offering period describing each property not identified in the prospectus at such time as there arises a reasonable probability that such property will be acquired (also disclosing all compensation and fees received by the General Partners and their affiliates in connection with such acquisition) and to consolidate all such stickers into a post-effective amendment filed at least once every three months, with the information contained in such amendment provided simultaneously to the existing Limited Partners. Lastly, the Partnership will provide the Limited Partners the Financial Statements required by Form 10-K for the first full fiscal year of operations of the Partnership.
Reports During Offering. During the offering period the Partnership will file any Prospectuses required by Section 10(a)(3) of the Securities Act of 1933 as post-effective amendments to the registration statement. The Partnership will additionally file a current report on Form 8-K to reflect each commitment (signing of a binding loan commitment) made after the effective date of the offering, involving the use of 10% or more (on a cumulative basis) of the net proceeds of the offering, and will provide the information contained in such report to the Limited Partners at least once each quarter after the distribution period of the offering has expired, which report will contain (unless waived) the financial statements required by Form S-11, or, at the discretion of the Partnership, a summary of the full financial statements with a statement that the full financial statements will be sent upon request. The Partnership will also file a sticker supplement pursuant to Rule 424(c) under the Securities Act of 1933 during the offering period describing each loan not identified in the Prospectus at such time as there arises a reasonable probability that such loan will be funded (also disclosing all compensation and fees received by the General Partners and their Affiliates in connection with such loan) and will consolidate all such supplements into a post-effective amendment filed at least once every three months, with the information contained in such amendment provided simultaneously to the existing Limited Partners. Lastly, the Partnership will provide the Limited Partners the financial statement information required by Form 10-K for the first full fiscal year of operations of the Partnership.