Requirement to Keep Effective Clause Samples
The 'Requirement to Keep Effective' clause obligates a party to maintain the validity and enforceability of a particular agreement, license, or legal status throughout a specified period. In practice, this may involve renewing registrations, filing necessary documents, or taking actions to prevent expiration or invalidation. The core function of this clause is to ensure continuous legal protection or operational authority, thereby preventing lapses that could disrupt business operations or contractual rights.
Requirement to Keep Effective. Subject to Section 5.9(k), the ----------------------------- Buyer shall use its reasonable best efforts to cause the Resale S-1 Registration Statement to remain effective until the first to occur of (i) the one year anniversary of the Closing Date of the Merger or (ii) the date by which all Registrable Securities are sold.
Requirement to Keep Effective. The Company shall, subject to (f) below, use its reasonable efforts to keep any registration statement continuously effective until the first to occur of (i) the third anniversary of the effective date of such registration statement, or (ii) the date all Participating Noteholders (i.e., those Noteholders who are identified as selling shareholders under a particular registration statement filed pursuant to the terms of the Third Amended and Restated Note) are eligible to sell all of such Participating Noteholder’s Exchange Shares in any three month period pursuant to Rule 144 (or such successor rule as may be adopted by the Commission).
Requirement to Keep Effective. The Company shall use its ----------------------------- best commercial efforts to cause the Resale S-1 Registration Statement to remain effective until the first to occur of (1) February 28, 2001 or (2) the date by which all Registrable Securities included therein are sold.
Requirement to Keep Effective. Acquiror shall use its best ----------------------------- commercial efforts to cause such registration statement to remain effective, subject to Section 1.3(c), until the first to occur of (1) the second anniversary of the effective date of the Registration Statement, (2) the date by which all Registrable Securities included therein are sold or (3) the date all Holders are eligible to sell all such Holder's Registrable Securities in any three month period pursuant to Rule 144 (or such successor rule as may be adopted).
Requirement to Keep Effective. During the Effectiveness Period, ETHZilla shall use commercially reasonable efforts to cause a Registration Statement filed pursuant to Section 11.1 to remain effective, and to be supplemented and amended to the extent necessary to ensure that such Registration Statement is available or, if not available, that another Registration Statement is available for the resale of the Registrable Securities without interruption until all Registrable Securities have ceased to be Registrable Securities. As soon as practicable following the Effective Date of a Registration Statement, but in any event within three Business Days of such date, ETHZilla shall notify the Selling Stockholders of the effectiveness of such Registration Statement.