Common use of Shelf Registration Clause in Contracts

Shelf Registration. If (i) the Issuer and the Guarantors determine upon advice of outside counsel that a Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to the Target Registration Date, (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer, the following provisions shall apply: (a) The Issuer and the Guarantors shall, as promptly as practicable, file with the Commission, and, thereafter, shall use their commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that, with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the Staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act, as applicable, in satisfaction of its obligations under this Section 3(a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until the Securities covered by the Shelf Registration Statement cease to be Registrable Securities (such period being called the “Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 2 contracts

Samples: Registration Rights Agreement (F&G Annuities & Life, Inc.), Registration Rights Agreement (Fidelity National Financial, Inc.)

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Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 270 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and To the Guarantors shallextent not prohibited by any applicable law or applicable interpretation of the Staff of the Commission, the Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement; PROVIDED, howeverHOWEVER, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, business combinations or similar significant corporate transactions involving the Company or Exelon Corporation so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(j) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 2 contracts

Samples: Registration Rights Agreement (Commonwealth Edison Co), Registration Rights Agreement (Commonwealth Edison Co)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 210 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests requests, within 20 days after the consumation of the Registered Exchange Offer, with respect to Original Securities Notes that are not eligible to be exchanged for New Securities Notes in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) who notifies the Company within 20 days after the consummation of the Registered Exchange Offer that it is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer, such Initial Purchaser does not receive freely tradeable New Notes in exchange for Notes constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Securities Act in connection with sales of New Notes acquired in exchange for such Notes shall result in such New Notes being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such New Notes being not "freely tradeable"), the following provisions Company and the Guarantor shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer Company and the Guarantors shall, Guarantor shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable SecuritiesNotes or the New Notes, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Notes held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities Notes received by an Initial Purchaser in exchange for Original Securities Notes constituting any portion of an unsold allotment, the Issuer Company and the Guarantors Guarantor may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Company and the Guarantors Guarantor shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Securities Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the Securities date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Notes or New Notes, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer Company and the Guarantors Guarantor shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company and the Guarantor in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer Company's and the Guarantors Guarantor's obligations hereunder), including the acquisition or divestiture of assets, so long as the Issuer Company and the Guarantors Guarantor promptly thereafter comply with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 2 contracts

Samples: Registration Rights Agreement (Harrahs Operating Co Inc), Registration Rights Agreement (Harrahs Entertainment Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors Issuers determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 300 days of the Target Registration Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable;" and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Issuers shall apply: (a) The Issuer file and the Guarantors shall, as promptly as practicable, file with the Commission, and, thereafter, shall use their commercially reasonable best efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below. (i) The Issuers shall as promptly as practicable use their reasonable best efforts to file with the Commission and shall use their reasonable best efforts to cause to be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 300 days, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Issuers may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Issuers shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date, (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable the Shelf Registration Statement or (C) the date upon which the Securities or New Securities, as applicable, covered by the Shelf Registration Statement become eligible for resale, without regard to volume, manner of sale or other restrictions contained in Rule 144 under the Act pursuant to paragraph (k) thereof (in any such period being called case, the "Shelf Registration Period"). The Issuer and the Guarantors Issuers shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is otherwise taken by such party the Issuers in good faith and for valid business reasons (not including avoidance of the Issuers' obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer assets and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k) (ii) hereof, if applicable. (ciii) The Issuer and Issuers shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 2 contracts

Samples: Registration Rights Agreement (Nalco Energy Services Equatorial Guinea LLC), Registration Rights Agreement (Nalco Energy Services Equatorial Guinea LLC)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 240 days of the date of original issuance of the Securities or the Registered Exchange Offer is not consummated on or prior to within 270 days of the Target Registration Date, date of original issuance of the Securities; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer or does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such Holder being an Affiliate of the Company; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Securities Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver an Exchange Offer Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 45-days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially its reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Securities Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years (or if Rule 144(k) is amended to provide a shorter restrictive period, such shorter period) from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the “Shelf Registration Period”). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 2 contracts

Samples: Registration Rights Agreement (Arauco & Constitution Pulp Inc), Registration Rights Agreement (Arauco & Constitution Pulp Inc)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on within 180 days of the date hereof, or prior to the Target Registration Date, (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer and so notifies the Company as soon as practicable, but in any event not later than 30 days following consummation of the Registered Exchange Offer, or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that, for purposes of this Section 3, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors Company shall, as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, and thereafter shall use their commercially reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, Statement; provided that, with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of three years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law law, or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company as promptly as practicable thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 2 contracts

Samples: Registration Agreement (Qwest Communications International Inc), Registration Agreement (Qwest Communications International Inc)

Shelf Registration. If (i) on or prior to the Issuer and the Guarantors determine upon advice of outside counsel that a Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, (ii) for any other reason time the Registered Exchange Offer is consummated, existing Commission interpretations are changed such that the Exchange Securities received by Holders are not consummated on or prior to would not in general be, upon receipt, freely transferable by each such Holder under the Target Registration Securities Act, (ii) the Registered Exchange Offer has not been completed within 365 days following the Completion Date, (iii) any Initial Purchaser so requests with respect to Original Initial Securities (or the Private Exchange Securities) not eligible to be exchanged for New Exchange Securities in a the Registered Exchange Offer or, in and held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities Offer or (iv) any Holder (other than an Initial Purchaser) is not eligible to participate shall be, and shall notify the Company that such Holder is, prohibited by law or Commission policy from participating in the Registered Exchange Offer, or such Holder may not resell the following provisions Exchange Securities acquired in the Registered Exchange Offer to the public without delivering a prospectus and the prospectus contained in the Exchange Offer Registration Statement is not available for such resales by such Holder (other than, in either case, (x) due solely to the status of such Holder as an affiliate of the Company within the meaning of the Securities Act or (y) due to such Holder’s inability to make the representations set forth in the second to last paragraph of Section 1 hereof) and any such Holder so requests, the Company shall applyin lieu of (or, in the case of clauses (iii) and (iv), in addition to) conducting the Registered Exchange Offer contemplated by Section 1: (a) The Issuer and use its commercially reasonable efforts to file under the Guarantors shall, Securities Act as promptly as reasonably practicable, a “shelf” registration statement providing for the registration of, and the sale on a continuous or delayed basis by the Holders of, all of the Initial Securities (or, in the case of clause (iii), the Initial Securities held by the Initial Purchasers, or, in the case of clause (iv), by the Holders referred to in clause (iv), as the case may be), pursuant to Rule 415 or any similar rule that may be adopted by the Commission (such filing, the “Shelf Registration” and such registration statement, the “Shelf Registration Statement”); (b) use its commercially reasonable efforts (i) to cause the Shelf Registration Statement to become effective within 90 days after the date on which the obligation to file with the Commission, and, thereafter, shall such Shelf Registration Statement arises and to use their its commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a such Shelf Registration Statement relating to remain effective for a period ending on the offer and sale earlier of 365 days following the applicable Registrable Securities, by the applicable Holders from time to time in accordance with the methods effective date of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that, with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the Staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act, as applicable, in satisfaction of its obligations under this Section 3(a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under or such shorter period that will terminate when all the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until the Initial Securities covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the “Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and are distributed to the Issuer and public pursuant to Rule 144 or, after the Guarantors determine that disclosure at 90th day following the effectiveness of such time is not in the best interests Shelf Registration Statement, would be eligible for resale (if held by a non-affiliate of the Issuer Company) pursuant to Rule 144 without restriction on volume or manner of sale, if any; and (c) supplement or make amendments to the Shelf Registration Statement, as and its stockholders when required by the rules, regulations or if obtaining instructions applicable to the registration form used by the Company for such Shelf Registration Statement or by the Securities Act or rules and regulations thereunder for shelf registration. Notwithstanding any financial statements relating other provisions of this Agreement to any such acquisition or business combination required to be included in the contrary, the Company shall cause the Shelf Registration Statement and the related prospectus and any amendment or Prospectus would be impracticable. Upon supplement thereto, as of its respective effective date, (i) to comply in all material respects with the occurrence of any applicable requirements of the conditions described in the foregoing sentence, the Issuer Securities Act and the Guarantors shall give prompt notice rules and regulations of the delay Commission thereunder and (ii) not to contain any untrue statement of a material fact or suspension (but not omit to state a material fact required to be stated therein or necessary in order to make the basis thereof) to the Holders. Upon the termination or disclosure of such conditionstatements therein, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders in light of the cessation of the delay or suspension (but circumstances under which they were made, not the basis thereof)misleading.

Appears in 2 contracts

Samples: Registration Rights Agreement (Warner Music Group Corp.), Registration Rights Agreement (Warner Music Group Corp.)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Issuer and the Guarantors determine determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 330 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that the requirement that (x) an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Issuer shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, shall as promptly as practicablepracticable (but in no event more than 240 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and shall use their commercially its reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 300 days after so required or requested, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until (A) the second anniversary thereof or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”)Statement. The Issuer and the Guarantors shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Issuer in good faith and for valid business reasons (not including avoidance of the Issuer’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer mergers and the Guarantors promptly thereafter comply with the requirements of combinations and similar events, and (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 2 contracts

Samples: Registration Rights Agreement (Rural Metro Corp /De/), Registration Rights Agreement (Rural Metro Corp /De/)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors Issuers determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 330 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that the requirement that (x) an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Issuers shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Issuers shall as promptly as practicablepracticable (but in no event more than 240 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 300 days after so required or requested, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Issuers may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Issuers shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until (A) the second anniversary thereof or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”)Statement. The Issuer and the Guarantors Issuers shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Issuers in good faith and for valid business reasons (not including avoidance of the Issuers’ obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer mergers and the Guarantors promptly thereafter comply with the requirements of combinations and similar events, and (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and Issuers shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 2 contracts

Samples: Registration Rights Agreement (Rural Metro Corp /De/), Registration Rights Agreement (Rural Metro Corp /De/)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer Commission’s staff, the Issuers and the Guarantors determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 270 days of the Target Registration Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by them following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of the Initial Purchasers that participate in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, an Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable;” and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Issuers and the Guarantors shall apply:file and use their reasonable best efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer Issuers and the Guarantors shall, if required by subsection (a) above, as promptly as practicable, practicable use their reasonable best efforts to file with the Commission, and, thereafter, Commission and shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under Act within 270 days of the Securities Act, otherwise designate an existing registration statement filed with the Commission asClosing Date, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Issuers and the Guarantors may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Issuers and the Guarantors shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such period being called case, the “Shelf Registration Period”). The Issuer Issuers and the Guarantors shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is otherwise taken by such party the Issuers and the Guarantors in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer Issuers’ and the Guarantors Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Issuer assets and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer Issuers and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 2 contracts

Samples: Registration Rights Agreement (Nielsen CO B.V.), Registration Rights Agreement (Nielsen CO B.V.)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer Commission’s staff, the Issuers and the Guarantors determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 375 days of the Target Registration Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable;” and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Issuers and the Guarantors shall apply:file and use their reasonable best efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer Issuers and the Guarantors shall, if required by subsection (a) above, as promptly as practicable, practicable use their reasonable best efforts to file with the Commission, and, thereafter, Commission and shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 375 days, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Issuers and the Guarantors may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Issuers and the Guarantors shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date, (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable the Shelf Registration Statement or (C) the date upon which the Securities or New Securities, as applicable, covered by the Shelf Registration Statement become eligible for resale, without regard to volume, manner of sale or other restrictions contained in Rule 144 under the Act pursuant to paragraph (k) thereof (in any such period being called case, the “Shelf Registration Period”). The Issuer Issuers and the Guarantors shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is otherwise taken by such party the Issuers and the Guarantors in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer Issuers’ and the Guarantors Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Issuer assets and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer Issuers and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 2 contracts

Samples: Registration Rights Agreement (Global Media USA, LLC), Registration Rights Agreement (Global Media USA, LLC)

Shelf Registration. If If, (i) because of any change in law or ------------------ applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to the Target Registration DateApril 30, 1997, or (iii) any the Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in Notes held by it as a Registered Exchange Offer or, in result of the case purchase of any Initial Purchaser that participates in any such Notes directly from the Company following consummation of the Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an the Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer or the New Notes such Holder would receive in the Registered Exchange Offer could only be reoffered and resold by such Holder upon compliance with the registration and prospectus delivery requirements of the Securities Act and the delivery of the Prospectus contained in the Exchange Offer Registration Statement, as appropriately amended, is not a legally available alternative, or (v) in the case where the Initial Purchaser participates in the Registered Exchange Offer or acquires New Notes pursuant to Section 2(f) hereof, the Initial Purchaser does not receive freely tradable New Notes in exchange for Notes constituting any portion of an unsold allotment (it being understood that, for purposes of this Section 3, (x) the requirement that the Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of New Notes acquired in exchange for such Notes shall result in such New Notes being not "freely tradable" and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such New Notes being not "freely tradable"), the following provisions shall apply: (a) The Issuer and the Guarantors Company shall, as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, shall use their commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable SecuritiesNotes or the New Notes, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement and Rule 415 under the Securities Act, provided, however, that, that with respect to New Securities Notes received by an the Initial -------- Purchaser in exchange for Original Securities Notes constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to cause the Shelf Registration Statement to be declared effective under the Securities Act on or prior to 45 days after filing such Shelf Registration Statement pursuant to this Section 3 and to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof contained therein to be usable by Holders until for a period of three years (or, if Rule 144(k) under the Securities Act is amended to allow for resales pursuant to such Rule after a shorter period, such shorter period) from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Notes or New Notes, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities notes covered thereby not being able to offer and sell such securities notes during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer No Holder of Notes or New Notes may include any of its Notes or New Notes in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Guarantors shall be entitled to suspend their obligation to file Company in writing, within 20 business days after receipt of a request therefor, such information as the Company may reasonably request for use in connection with any Shelf Registration Statement or amendment thereto, furnish any supplement Prospectus or amendment to a preliminary Prospectus included in a therein. No Holder of Notes or New Notes shall be entitled to Liquidated Damages pursuant to Section 4 hereof unless and until such Holder shall have used its best efforts to provide all such reasonably requested information. Each Holder as to which any Shelf Registration Statement or any free writing prospectus, make any other filing with is being effected agrees to furnish promptly to the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination Company all information required to be included disclosed in order to make the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) information previously furnished to the Holders. Upon the termination or disclosure of Company by such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but Holder not the basis thereof)misleading.

Appears in 2 contracts

Samples: Indenture (Gorges Quik to Fix Foods Inc), Registration Rights Agreement (Gorges Quik to Fix Foods Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Issuer and the Guarantors determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 210 days of the Target Registration Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Holder notifies the Company within 20 Business Days after the commencement of the Registered Exchange Offer or, that (A) due to a change in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities law or (iv) any Holder (other than an Initial Purchaser) Commission policy it is not eligible entitled to participate in the Registered Exchange Offer, (B) due to a change in applicable law or Commission policy it may not resell the following provisions New Securities to be acquired by it in the Registered Exchange Offer to the public without delivering a prospectus and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder or (C) it is a broker-dealer and owns Registrable Securities acquired directly from the Company or an affiliate of the Company; or (iv) in the case of the Initial Purchasers that participate in the Registered Exchange Offer or acquire New Securities pursuant to Section 2(f) hereof, an Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment and notifies the Company within 20 Business Days after the commencement of the Registered Exchange Offer (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall apply: result in such New Securities being not “freely tradeable;” and (ay) The the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the Issuer and the Guarantors shall, as promptly as practicablepracticable file and use their commercially reasonable efforts to cause to become and keep effective a Shelf Registration Statement covering resales of the Notes in accordance with subsection (b) below. (i) The Issuer and the Guarantors shall, if required by subsection (a) above, as promptly as practicable use their commercially reasonable efforts to file with the Commission, and, thereafter, Commission and shall use their commercially reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under Act within the Securities Act, otherwise designate an existing registration statement filed with (x) later of 210 days of the Commission asClosing Date or (y) 90 days after such filing obligation arises pursuant to subsection (a) above, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such period being called case, the “Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is otherwise taken by such party the Issuer and the Guarantors in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer Issuer’s and the Guarantors Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Issuer assets and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 2 contracts

Samples: Registration Rights Agreement (Headwaters Inc), Registration Rights Agreement (Headwaters Inc)

Shelf Registration. If If, (i) because of any change in law or ------------------ applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may hereof, or (ii) for any other reason the Exchange Offer Registration Statement has not be completed as soon as practicable after been filed with the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations Commission within 60 days of the StaffClosing Date, or (iiiii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 180 days of the Target Registration Closing Date, or (iiiiv) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a held by it following consummation of the Registered Exchange Offer orOffer, or (v) in the case of any Initial Purchaser that participates in any the Registered Exchange OfferOffer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradable tradeable New Securities or in exchange for Securities constituting any portion of an unsold allotment (ivit being understood that, for purposes of this Section 3, (x) any Holder the requirement that a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (other than y) the requirement that an Initial Purchaser) is not eligible to participate Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange OfferOffer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, that, that with respect to New Securities received by an Initial a Purchaser in -------- exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law law, or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and No Holder of Securities may include any of its Securities in any Shelf Registration Statement pursuant to this Agreement unless such Holder furnishes to the Guarantors shall be entitled to suspend their obligation to file Company in writing, within 10 days after receipt of a request therefor, such information as the Company may reasonably request for use in connection with any Shelf Registration Statement or amendment thereto, furnish any supplement Prospectus or amendment to a preliminary Prospectus included in a Shelf Registration Statement or any free writing prospectustherein, make any other filing with and each such Holder agrees to furnish promptly to the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination Company all information required to be included disclosed in order to make the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) information previously furnished to the Holders. Upon the termination or disclosure of Company by such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but Holder not the basis thereof)materially misleading.

Appears in 2 contracts

Samples: Registration Agreement (McLeodusa Inc), Registration Agreement (McLeodusa Inc)

Shelf Registration. (a) If (i) notwithstanding the Issuer and efforts contemplated in Section 2(g), due to any change in law or applicable interpretations thereof by the Guarantors determine Staff, the Partnership determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 260 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser or an Affiliate of the Partnership) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in any the Registered Exchange OfferOffer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradable New Securities or in exchange for Securities constituting any portion of an unsold allotment (ivit being understood that (x) any Holder (other than the requirement that an Initial PurchaserPurchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradable"; and (y) is not eligible to participate the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange OfferOffer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradable"), the following provisions Partnership shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, as promptly as practicable, file with the Commission, and, thereafter, Partnership shall use their commercially its reasonable best efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, file a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement with the Commission on or before the later of (A) 20 days after so required or requested pursuant to this Section 3, and (B) 90 days after the date hereof; and thereafter the Partnership shall use its reasonable best efforts to cause the Shelf Registration Statement to be declared effective under the Act on or before the later of (x) 60 days after the filing of such Shelf Registration Statement is so required or requested pursuant to this Section 3, and (y) 210 days after the date hereof; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Partnership may, if permitted by current interpretations by the Staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Partnership shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to the Shelf Registration Statement or may be Registrable Securities sold pursuant to Rule 144(k) under the Act (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Partnership shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors Partnership voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Partnership in good faith and for valid business reasons (not including avoidance of the Partnership's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Partnership promptly thereafter comply complies with the requirements of Section 5(k) hereof, if applicable. (ciii) The Issuer and Partnership shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 2 contracts

Samples: Registration Rights Agreement (Enbridge Energy Partners Lp), Registration Rights Agreement (Enbridge Energy Partners Lp)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Exchange Offer Registration Statement is not declared effective by the Commission under the Act within 180 days of the date of the original issuance of the Securities or the Registered Exchange Offer is not consummated on or prior to within 45 Business Days of the Target date of the effectiveness of the Exchange Offer Registration Date, Statement; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer, or in the following provisions case of any Holder that participates in the Registered Exchange Offer, does not receive freely tradable New Securities in the Registered Exchange Offer, other than by reason of such Holder being an Affiliate of the Company (it being understood that the requirement that a participating Broker-Dealer deliver the prospectus contained in the Exchange Offer Registration Statement in connection with sales of New Securities shall apply: not result in such New Securities being not "freely tradable"); or (av) The Issuer in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment, other than by reason of such Holder being an Affiliate of the Company (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall not result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the Company and the Guarantors shall, shall effect a Shelf Registration Statement in accordance with subsection (b) below. (i) The Company and the Guarantors shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially respective reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement in accordance with Rule 415 under the Act relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Company and the Guarantors may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Company and the Guarantors shall use their commercially respective reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease (i) have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period") or (ii) are eligible for resale under Rule 144(k). The Issuer Company and the Guarantors shall be deemed not to have used their commercially respective reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company and the Guarantors in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer Company's and the Guarantors Guarantors' obligations hereunder), including the acquisition or divestiture of assetsassets (to the extent permitted by the terms of the Indenture), so long as the Issuer Company and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (ciii) The Issuer Company and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply as to form in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 2 contracts

Samples: Registration Rights Agreement (Cascades Boxboard Group Inc), Registration Rights Agreement (4989294 Canada Inc)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Commission's staff, any of the Issuer and or the Guarantors determine determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on Consummated within 30 Business Days from the date the Exchange Offer Registration Statement becomes effective (or, if such 30th day is not a Business Day, by the first Business Day thereafter), or prior to the Target Registration Date, (iii) any the Initial Purchaser so requests with respect to Original Securities Registrable Notes held by it as a result of the purchase of such Registrable Note directly from the Issuer and the Guarantors following Consummation of the Registered Exchange Offer and the Initial Purchaser is not eligible to be exchanged for New Securities in a receive Exchange Notes pursuant to the Registered Exchange Offer orin respect of such Registrable Securities, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an the Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer or the Exchange Notes such Holder would receive in the Registered Exchange Offer could only be reoffered and resold by such Holder upon compliance with the registration and prospectus delivery requirements of the Act and the delivery of the Prospectus contained in the Exchange Offer Registration Statement, as appropriately amended, is not a legally available alternative, or (v) in the case where the Initial Purchaser participates in the Registered Exchange Offer or acquires Exchange Notes pursuant to Section 2(g) hereof, the Initial Purchaser does not receive freely tradable Exchange Notes in exchange for Notes constituting any portion of an unsold allotment (it being understood that, for purposes of this Section 3, (x) the requirement that the Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Registrable Notes shall result in such Exchange Notes being not "freely tradable" and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Registrable Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradable"), the following provisions shall apply: (a) The Issuer and the Guarantors shallshall prepare, as promptly as practicableand not later than 75 days following the Shelf Registration Trigger Date (or, if such 75th day is not a Business Day, by the first Business Day thereafter), shall file with the CommissionCommission and thereafter, andbut not later than 135 days following the Shelf Registration Trigger Date (or, if such 135th day is not a Business Day, by the first Business Day thereafter), shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities, Notes by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement, provided, however, that, that with respect to New Securities Exchange Notes received by an the Initial Purchaser in exchange for Original Securities Notes constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its their obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors shall use their commercially reasonable best efforts to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until the Securities covered earliest of (i) the second anniversary of the date on which the filing of a Shelf Registration Statement was required or requested pursuant to this Section 3, (ii) the date on which the Registrable Notes may be sold pursuant to Rule 144(k) (or any successor provision) promulgated by the Commission under the Act and (iii) such date as of which all the Registrable Notes have been sold pursuant to the Shelf Registration Statement cease to be Registrable Securities (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors any of them voluntarily take takes any action that would result in Holders of securities Registrable Notes covered thereby not being able to offer and sell such securities notes during that period, unless (i) such action is (x) required by applicable law or (iiy) such action is taken by such party pursuant to Section 3(c) hereof, and, in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assetseither case, so long as the Issuer and or the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall may suspend the use of the Prospectus for a period not to exceed 30 days in any three-month period or for three periods not to exceed an aggregate of 90 days in any twelve-month period for valid business reasons, to be entitled determined by the Issuer and the Guarantors in their sole reasonable judgment (not including avoidance of their obligations hereunder), including, without limitation, the acquisition or divestiture of assets, public filings with the Commission, pending corporate developments and similar events; provided that the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (d) No Holder of Registrable Notes may include any of its Registrable Notes in any Shelf Registration Statement pursuant to suspend their obligation this Agreement unless and until such Holder furnishes to file the Issuer in writing, within 20 Business Days after receipt of a request therefor, such information as the Issuer may reasonably request for use in connection with any Shelf Registration Statement or amendment thereto, furnish any supplement Prospectus or amendment to a preliminary Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would therein. No Holder of Registrable Notes shall be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement entitled to remain effective or the Prospectus or any free writing prospectus Liquidated Damages pursuant to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or Section 4 hereof unless and until such Holder shall have used its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at best efforts to provide all such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).reasonably requested

Appears in 2 contracts

Samples: Registration Rights Agreement (Galey & Lord Inc), Registration Rights Agreement (Galey & Lord Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; or (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 210 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ab) The Issuer and (i) To the Guarantors shallextent not prohibited by any applicable law or applicable interpretation of the Staff of the Commission, the Company shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3, such day being a “Filing Deadline”), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate Act within 180 days after so requested or required pursuant to this Section 3 (such day being an existing registration statement filed with the Commission as, “Effectiveness Deadline”) a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until the Securities covered by the Shelf Registration Statement cease to be Registrable Securities (such period being called the “Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 2 contracts

Samples: Registration Rights Agreement (Public Service Co of Colorado), Registration Rights Agreement (Xcel Energy Inc)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it and the Issuer are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 135 days after the Closing Date or the Registered Exchange Offer is not consummated on or prior to within 165 days after the Target Registration Closing Date, or (iii) any Initial the Purchaser so requests with respect to Original Securities (or any New Securities received pursuant to Section 2(f)) not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial event that the Purchaser that participates in any Registered Exchange Offer, such Initial the Purchaser does not receive freely tradable New Securities Securities, or (iv) any Holder (other than an Initial the Purchaser) is not eligible to participate in the Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Securities in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Issuer within the meaning of the Act (it being understood that, for purposes of this Section 3, (x) the requirement that the Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement (such Securities or New Securities, howeveras applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as "Registration Securities"); PROVIDED, HOWEVER, that, with respect to New Securities received by an Initial the Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof").

Appears in 2 contracts

Samples: Registration Agreement (Canadian Forest Oil LTD), Registration Agreement (Forest Oil Corp)

Shelf Registration. If (i) due to applicable law or interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a Registered it is not permitted to effect the Exchange Offer as contemplated by Section 2 3 hereof may not be completed as soon as practicable (after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of Company has complied with the Staff, procedures set forth in Section 6(a)(i) hereof); (ii) for any other reason the Registered Exchange Offer Registration Statement is not declared effective within 180 days following the date of the original issuance of the Notes or the Exchange Offer is not consummated on or prior to within 210 days following the Target Registration Date, date of the original issuance of the Notes; (iii) any Initial Purchaser so requests with respect to Original Securities Notes that are not eligible to be exchanged for New Securities Exchange Notes in a Registered the Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) of Transfer Restricted Securities is not eligible to participate in the Registered Exchange Offer, Offer or does not receive freely tradeable Exchange Notes in the following provisions shall apply: Exchange Offer other than by reason of such Holder being an Affiliate of the Company (a) The Issuer and it being understood that the Guarantors shall, as promptly as practicable, file with requirement that a participating Broker-Dealer deliver the Commission, and, thereafter, shall use their commercially reasonable efforts to cause to become effective under Prospectus contained in the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Exchange Offer Registration Statement relating to the offer and sale in connection with sales of the applicable Registrable Securities, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth Exchange Notes shall not result in such Shelf Registration Statement; provided, however, that, Exchange Notes being not "freely tradeable"); or (v) in the case of any Initial Purchaser that participates in the Exchange Offer or acquires Exchange Notes from the Company as a result of its determination that it is not eligible to participate in the Exchange Offer with respect to New Securities received by an any unsold Notes, such Initial Purchaser does not receive freely tradeable Exchange Notes in exchange for Original Securities Notes constituting any portion of an unsold allotment, allotment (it being understood that (x) the Issuer and the Guarantors may, if permitted by current interpretations by the Staff, file requirement that an Initial Purchaser deliver a post-effective amendment to the Exchange Offer Registration Statement Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities Act, as applicable, Act in satisfaction connection with sales of its obligations under this Section 3(a) with respect thereto, and any Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable"; and (y) the requirement that a participating Broker-Dealer delivers a Prospectus in connection with sales of Exchange Notes acquired in the Exchange Offer Registration Statement, in exchange for Notes acquired as so amended, a result of market-making activities or other trading activities shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined not result in Rule 405 under the Securities Actsuch Exchange Notes being not "freely tradeable"), the Issuer and the Guarantors Company shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until the Securities covered by the Shelf Registration Statement cease to be Registrable Securities (such period being called the “Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in effect a Shelf Registration Statement or any free writing prospectus, make any other filing in accordance with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action subsection (collectively, “Suspension Actions”b) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)below.

Appears in 2 contracts

Samples: Registration Rights Agreement (Coventry Health Care Inc), Registration Rights Agreement (Coventry Health Care Inc)

Shelf Registration. If (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a Registered it is not permitted to effect the Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any reason other reason than those specified in clause (i) above, the Registered Exchange Offer is not consummated on or prior to within 180 days of the Target Registration Closing Date, or (iii) any the Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in held by them within 90 days following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an the Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer or has participated in the Exchange Offer and has received Exchange Securities that are not freely tradeable or (v) in the case where the Initial Purchaser participates in the Exchange Offer or acquires Exchange Securities pursuant to Section 2(f) hereof, the Initial Purchaser does not receive freely tradeable Exchange Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that, for purposes of this Section 3, (x) the requirement that the Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange Securities acquired in exchange for such Securities shall result in such Exchange Securities being not "freely tradeable" and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Securities acquired in the Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors Company shall, as promptly as practicable, file with the Commission, and, thereafter, shall use their commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the Exchange Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement and Rule 415 under the Securities Act, however, PROVIDED that, with respect to New Exchange Securities received by an the Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to cause the Shelf Registration Statement to be declared effective under the Securities Act as promptly as possible after filing such Shelf Registration Statement pursuant to this Section 3 and to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof contained therein to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (i) such action is required by applicable law law, (ii) the Company complies with this Agreement or (iiiii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(l) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 2 contracts

Samples: Registration Rights Agreement (Dobson Communications Corp), Registration Rights Agreement (Dobson Communications Corp)

Shelf Registration. If (i) because of any change in law or ------------------ applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a Registered it is not permitted to effect the Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any reason other reason than those specified in clause (i) above, the Registered Exchange Offer is not consummated within 180 days of the Closing Date unless the Exchange Offer has commenced, in which case, the Exchange Offer is not consummated within 30 days after the date on which the Exchange Offer was commenced (or prior to the Target Registration Datelonger period required by applicable law), or (iii) any Initial Purchaser so requests requests, with respect to Original Securities Notes not eligible to be exchanged for New Securities Exchange Notes in a Registered the Exchange Offer or, in and held by it following consummation of the case Exchange Offer within 120 days following consummation of any Initial Purchaser that participates in any Registered the Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an the Initial PurchaserPurchasers) is not eligible to participate in the Registered Exchange Offer, the following provisions shall apply: (a) The Issuer and the Guarantors Company shall, as promptly as practicablepracticable (but in any event on or prior to 60 days after such filing obligation arises), file with the Commission, and, thereafter, shall use their commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable SecuritiesNotes, as applicable, not eligible to be exchanged for Exchange Notes, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, Statement and Rule 415 under the Securities Act; provided -------- that, with respect to New Securities Exchange Notes received by an the Initial Purchaser Purchasers in exchange for Original Securities Notes constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to cause the Shelf Registration Statement to be declared effective under the Securities Act on or prior to 60 calendar days after filing such Shelf Registration Statement pursuant to this Section 3 and to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof contained therein to be usable by Holders until for a period of two years from the Securities date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Breed Technologies Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer Commission's staff, the Issuers, the Company and the Guarantors determine determines upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 225 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer Issuers, the Company and the Guarantors shall, shall effect a Shelf Registration Statement in accordance with subsection (b) below. (i) The Issuers and the Guarantors shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the CommissionCommission and thereafter the Issuers, and, thereafter, the Company and the Guarantors shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Issuers and the Guarantors may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Issuers, the Company and the Guarantors shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer Each of the Issuers, the Company and the Guarantors shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Issuers, the Company and the Guarantors in good faith and for valid business reasons (not including avoidance of the Issuers', the Company's and Guarantors' obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as each of the Issuer Issuers, the Company and the Guarantors promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer Issuers, the Company and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Arch Western Resources LLC)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors Issuers determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 330 days after the Closing Date or the Registered Exchange Offer is not consummated on or prior to within 365 days of the Target Registration Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall not result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Issuers shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Issuers shall as promptly as practicablepracticable (but in no event more than 90 days after the filing obligation arises pursuant to this Section 3), file with the Commission, and, thereafter, Commission and shall use their commercially reasonable efforts to cause to become have declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder and shall furnish in writing, within 20 days after receipt of a request therefore, the information specified in Items 507 and 508 of Registration S-K, as applicable, of the Act for use in connection with the Shelf Registration; and provided, further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Issuers may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless ; provided, further, the Issuers shall not be under any obligation to file a post-effective amendment to, a Shelf Registration Statement or the Exchange Registration Statement, as applicable, or to file a new Shelf Registration Statement pursuant to this Section 2(b), for the six months after the effective date of the Shelf Registration Statement, or file a post-effective amendment to a Shelf Registration Statement is an automatic shelf registration statement (or the Exchange Registration Statement, as defined applicable, more than once in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Actany six-month period thereafter. (bii) The Issuer and the Guarantors Issuers shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus prospectus forming a part thereof to be usable by Holders Holder for a period the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until (A) the expiration of the holding period under Rule 144(k) under the Act or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”)Statement. The Issuer and the Guarantors Issuers shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Issuers in good faith and for valid business reasons (not including avoidance of the Issuers’ obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and Issuers shall use their commercially reasonable efforts to cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (SMART Modular Technologies (DE), Inc.)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer Commission's staff, the Issuer, the Company and the Guarantors determine determines upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 225 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Issuer, the Company and the Guarantors shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the CommissionCommission and thereafter the Issuer, and, thereafter, the Company and the Guarantors shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Issuer, the Company and the Guarantors shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer Each of the Issuer, the Company and the Guarantors shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Issuer, the Company and the Guarantors in good faith and for valid business reasons (not including avoidance of the Issuer's, the Company's and Guarantors' obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as each of the Issuer Issuer, the Company and the Guarantors promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer Issuer, the Company and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Arch of Wyoming LLC)

Shelf Registration. If (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors Issuers determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on within 180 days of the date hereof, or prior to the Target Registration Date, (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder of Securities (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that, for purposes of this Section 3, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors shall, Issuers shall as promptly as practicablepracticable (but in no event more than 45 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders of Securities from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, Statement; provided that, with respect to New Securities received by an Initial Purchaser in exchange for Original Securities securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Issuers may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Issuers shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until of Securities for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Issuers shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the any Issuer and the Guarantors voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law law, or (ii) such action is taken by such party Issuer in good faith and for valid business reasons (not including avoidance of the such Issuer's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the such Issuer and the Guarantors promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Oxford Automotive Inc)

Shelf Registration. If (ia) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff the Guarantors determine upon advice of outside counsel that a Issuers are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff1 hereof, (iib) for any other reason Securities validly tendered pursuant to the Registered Exchange Offer is are not consummated on or prior to exchanged for Exchange Securities within 210 days after the Target Registration Issue Date, (iiic) any Initial Purchaser so requests with respect to Original Securities or Private Exchange Securities not eligible to be exchanged for New Exchange Securities in a the Registered Exchange Offer or, in and held by it following the case consummation of any Initial Purchaser that participates in any the Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (ivd) any applicable law or interpretations do not permit any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer, (e) any Holder that participates in the Registered Exchange Offer does not receive freely transferable Exchange Securities in exchange for tendered Securities (the obligation to comply with a prospectus delivery requirement being understood not to constitute a restriction or transferability), or (f) the Issuers so elect, then the following provisions shall apply: (a) The Issuer Issuers and the Guarantors shall, shall use their reasonable best efforts to file as promptly as practicable, file practicable (but in no event more than 60 days after so required or requested pursuant to this Section 2) with the Commission, and, thereafter, and thereafter shall use their commercially reasonable best efforts to cause to become be declared effective within 180 days after so required or requested pursuant to this Section 2, a shelf registration statement on an appropriate form under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement Act relating to the offer and sale of the applicable Registrable Securities, Transfer Restricted Securities (as defined below) by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedregistration statement (hereafter, howevera "SHELF REGISTRATION STATEMENT" and, that, together with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the Staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act, as applicable, in satisfaction of its obligations under this Section 3(a) with respect thereto, and any such Exchange Offer Registration Statement, as so amendeda "REGISTRATION STATEMENT"); PROVIDED, HOWEVER, that no Holder of Transfer Restricted Securities (other than the Initial Purchasers) shall be referred entitled to herein as, and governed have Transfer Restricted Securities held by the provisions herein applicable to, a Shelf Registration Statement. Unless the it covered by such Shelf Registration Statement is an automatic shelf registration statement (as defined unless such Xxxxxx agrees in Rule 405 under writing to be bound by all the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Actprovisions of this Agreement applicable to such Holder. (b) The Issuer Issuers and the Guarantors shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus prospectus forming a part thereof to be usable used by Holders until of Transfer Restricted Securities for a period ending on the earlier of (i) two years from the Issue Date or such shorter period that will terminate when all the Transfer Restricted Securities covered by the Shelf Registration Statement cease have been sold pursuant thereto and (ii) the date on which the Securities become eligible for resale without volume restrictions pursuant to be Registrable Rule 144 under the Securities Act (in any such case, such period being called the “Shelf Registration Period”"SHELF REGISTRATION PERIOD"). The Issuer Issuers and the Guarantors shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors any of them voluntarily take takes any action that would result in Holders of securities Transfer Restricted Securities covered thereby not being able to offer and sell such securities Transfer Restricted Securities during that period, unless (i) such action is required by applicable law or (ii) such action is law; PROVIDED, HOWEVER, that the foregoing shall not apply to actions taken by such party the Issuers and the Guarantors in good faith and for valid business reasons (not including avoidance of the their obligations of the Issuer and the Guarantors hereunder), including including, without limitation, the acquisition or divestiture of assets, so long as the Issuer Company and the Guarantors promptly within 30 days thereafter comply with the requirements of Section 5(k4(j) hereof, if applicable. (c) The Issuer . Any such period during which the Issuers and the Guarantors shall be entitled fail to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in keep the Shelf Registration Statement or Prospectus effective and the Issuer usable for offers and the Guarantors determine that disclosure at such time sales of Transfer Restricted Securities is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating referred to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).as

Appears in 1 contract

Samples: Exchange Offer and Registration Rights Agreement (Semiconductor Components Industries LLC)

Shelf Registration. If If, (i) because of any ------------------ change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) if for any other reason the Registered Exchange Offer is not consummated on declared effective within 180 days following the date of original issuance of the Securities, or prior to the Target Registration Date, (iii) if any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer orheld by it constituting any portion of an allotment remaining unsold after 30 days following the date hereof, or (iv) in the case of any Initial Purchaser that participates in any the Registered Exchange OfferOffer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradable tradeable New Securities or in exchange for Securities constituting any portion of an unsold allotment (ivit being understood that, for purposes of this Section 3, (x) any Holder (other than the requirement that an Initial PurchaserPurchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (y) is not eligible to participate the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange OfferOffer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors Company shall, at its cost, as promptly as practicable, file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective by the 210th day after the original date of issuance of the Securities under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that, Statement and Rule 415 under the Act; PROVIDED that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless ; PROVIDED, FURTHER, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all the provisions of this Agreement applicable to such Holder as provided in a written notice and questionnaire delivered to all Holders (including the Initial Purchasers) notifying such Holders that a Shelf Registration Statement will be filed by the Company, requesting such information with respect to the Holders as required to be disclosed by the Shelf Registration Statement is an automatic shelf registration statement and setting forth a deadline for response therein (as defined which in Rule 405 under the Securities Actno event shall be less than 30 calendar days), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable lawfully delivered by Holders until the earliest of (x) the second anniversary of the date of original issuance of the Securities covered by (or the first anniversary of the effective date if such Shelf Registration Statement cease is filed at the request of the Initial Purchasers), (y) the time when the Securities registered thereunder can be sold by non-affiliates pursuant to be Registrable Rule 144 under the Securities Act without limitation under clauses (c), (e), (f) and (h) of Rule 144, or (z) such time as all the Securities registered thereunder have been sold (in any such case, such period being called the "Shelf Registration Period"). During any consecutive 365-day period, the Company will have the ability to suspend the availability of the Shelf Registration Statement for up to two periods of up to 45 consecutive days, but no more than an aggregate of 60 days during any 365-day period. The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (i) such action is required by applicable law law, or (ii) upon the occurrence of any event contemplated by paragraph 4(c)(2)(iii) below, such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay Company has determined in good faith that there are no material legal or suspension (but not the basis thereof)commercial impediments in so doing.

Appears in 1 contract

Samples: Registration Agreement (Seacor Smit Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 240 days of the Target Registration Date, date hereof; (iii) within thirty (30) days following the consummation of the Registered Exchange Offer any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer and such Holder delivers a written request to the Company within thirty (30) days following the consummation of the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”) and such Initial Purchaser delivers a written request to the Company within thirty (30) days following the consummation of the Registered Exchange Offer, the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablereasonably practicable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and shall use their commercially its reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 90 days after so required or requested, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat nothing in this Section 3(b) shall require the filing of a Shelf Registration Statement prior to the deadline for filing the Exchange Offer Registration Statement set forth in Section 2(a) hereof; and provided, further, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period) from the date the Shelf Registration Statement is declared effective by the Commission until the earlier of (A) the second anniversary thereof or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement or cease to be Registrable Securities (such period being called the “Shelf Registration Period”)outstanding. The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors it voluntarily take takes any action that would reasonably be expected to result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended Act; and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Usg Corp)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 180 days of the date hereof or the Registered Exchange Offer is not consummated on or prior to within 225 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act, or such other applicable rule adopted by the Commission, in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their its commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement to be declared effective under the Act within 150 days after being so required or requested to file a Shelf registration Statement, relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under K, if applicable, or such other applicable rule adopted by the Securities Act, as applicableCommission, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their its commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their its commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Russel Metals Inc)

Shelf Registration. If If, (i) because of any change in law or in currently prevailing interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer Offers as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is Offers are not consummated on within 225 days of the Time of Delivery, or prior to the Target Registration Date, (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser Holder that participates in any of the Registered Exchange OfferOffers, such Initial Purchaser Holder does not receive applicable freely tradable New tradeable Exchange Debt Securities or (iv) any Holder on the date of the exchange (other than due solely to the status of such Holder as an Affiliate of the Company or as a broker-dealer) (it being understood that, for purposes of this Section 3, (x) the requirement that the Initial PurchaserPurchasers deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Debt Securities acquired in exchange for such Offered Debt Securities shall result in such Exchange Debt Securities being not "freely tradeable" but (y) is not eligible to participate the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Debt Securities acquired in the Registered Exchange OfferOffers in exchange for Offered Debt Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Debt Securities being not "freely tradeable") (the events described in clauses (i), (ii) and (iii) of this paragraph are each referred to herein as a "Shelf Registration Event"), the following provisions shall apply: (a) The Issuer and Company shall promptly deliver to the Guarantors shallapplicable Holders written notice of a Shelf Registration Event and, as promptly as practicable, file with the Commission, and, thereafter, shall Commission and thereafter use their commercially its reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Offered Debt Securities or the applicable Exchange Debt Securities, as the case may be, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, that, that with respect to New Exchange Debt Securities received by an the Initial Purchaser Purchasers in exchange for Original Offered Debt Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its their obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially its reasonable efforts to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by such Holders until for a period of two years (or, if Rule 144(k) is amended to provide a shorter restrictive period, such shorter period) or such shorter period that will terminate when all the Offered Debt Securities or Exchange Debt Securities, as applicable, covered by such Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement cease to be Registrable Securities (in any such case, such period being called the "Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof").

Appears in 1 contract

Samples: Registration Rights Agreement (Monsanto Co)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer Commission’s staff, the Issuers and the Guarantors determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 360 days of the Target Registration Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by them following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of the Initial Purchasers that participate in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, an Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable;” and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Issuers and the Guarantors shall apply:file and use their reasonable best efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer Issuers and the Guarantors shall, if required by subsection (a) above, as promptly as practicable, practicable use their reasonable best efforts to file with the Commission, and, thereafter, Commission and shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under Act within 360 days of the Securities Act, otherwise designate an existing registration statement filed with the Commission asClosing Date, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Issuers and the Guarantors may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Issuers and the Guarantors shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of: (A) second anniversary of the Closing Date or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such period being called case, the “Shelf Registration Period”). The Issuer Issuers and the Guarantors shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is otherwise taken by such party the Issuers and the Guarantors in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer Issuers’ and the Guarantors Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Issuer assets and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer Issuers and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Nielsen Holdings N.V.)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 210 days of the date of original issuance of the Securities (or, if such day is not a Business Day, the first Business Day thereafter) or the Registered Exchange Offer is not consummated on within 45 days after the Exchange Offer Registration Statement is declared effective (or, if such day is not a Business Day, the first Business Day thereafter); provided that, if the Exchange Offer Registration Statement shall be declared effective, or prior to the Target Registration DateRegistered Exchange Offer shall be consummated, at any time after the expiration of the applicable time period set forth in this clause (ii), then the Company's obligations under this clause (ii) shall terminate; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible under applicable Commission rules, regulations or interpretations to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible under applicable Commission rules, regulations or interpretations to participate in the Registered Exchange OfferOffer or does not receive New Securities in the Registered Exchange Offer that are freely tradeable without limitations under the Act other than by reason of such Holder being an Affiliate of the Company; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver an Exchange Offer Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 45 days after so required or requested pursuant to this Section 3 (or, if such day is not a Business Day, the first Business Day thereafter)), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially its reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act as promptly as reasonably practicable a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder (i) agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder, (ii) complies with the obligations set forth in Section 4(o) and (iii) executes and delivers such other agreements and documents as may be required by applicable law in connection with such registration; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless ; and provided further, that nothing in this Section 3(b) shall require the Company to file a Shelf Registration Statement, or cause it to be declared effective, at any time earlier than the time an Exchange Offer Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under would be required to be filed, or be declared effective, respectively, pursuant to the Securities Actprovisions of Section 2(a), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease (i) have been sold pursuant to be Registrable Securities the Shelf Registration Statement, (ii) are transferable pursuant to paragraph (k) of Rule 144 under the Act (or any successor provision thereto) or (iii) otherwise are no longer registrable pursuant to the provisions of Section 8 (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it suspends the availability of the Shelf Registration Period if the Issuer and the Guarantors Statement for any period or otherwise voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assetsassets or other material corporate transaction or event, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (City National Corp)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Issuer and the Guarantors determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 365 days of the Target Registration Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Holder notifies the Company within 20 Business Days after the commencement of the Registered Exchange Offer or, that (A) due to a change in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities law or (iv) any Holder (other than an Initial Purchaser) Commission policy it is not eligible entitled to participate in the Registered Exchange Offer, (B) due to a change in applicable law or Commission policy it may not resell the following provisions New Securities to be acquired by it in the Registered Exchange Offer to the public without delivering a prospectus and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder or (C) it is a broker-dealer and owns Registrable Securities acquired directly from the Company or an affiliate of the Company; or (iv) in the case of the Initial Purchasers that participate in the Registered Exchange Offer or acquire New Securities pursuant to Section 2(f) hereof, an Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment and notifies the Company within 20 Business Days after the commencement of the Registered Exchange Offer (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall apply: result in such New Securities being not “freely tradeable;” and (ay) The the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the Issuer and the Guarantors shall, as promptly as practicable, practicable use their commercially reasonable efforts to file with the Commission, and, thereafter, and shall use their commercially reasonable efforts to cause to become and to keep effective a Shelf Registration Statement covering resales of the Notes in accordance with subsection (b) below. (i) The Issuer and the Guarantors shall, if required by subsection (a) above, as promptly as practicable use their commercially reasonable efforts to file with the Commission and shall use their commercially reasonable efforts to cause to be declared effective under the Securities Act, or, if permitted by Rule 430B under Act within the Securities Act, otherwise designate an existing registration statement filed with later of (x) 365 days following the Commission asClosing Date or (y) 90 days after such filing obligation arises pursuant to subsection (a) above, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such period being called case, the “Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is otherwise taken by such party the Issuer and the Guarantors in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer Issuer’s and the Guarantors Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Issuer assets and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Erickson Air-Crane Inc.)

Shelf Registration. (a) If (i) due to any change in law or ------------------ applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors Issuers determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 180 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New freely tradeable Exchange Securities in a the Registered Exchange Offer or, and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder notifies the Issuers before the 30th day following consummation of the Registered Exchange Offer that (A) it is not eligible to participate in the Registered Exchange Offer or (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a Prospectus and the Prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales; or (v) in the case of any Initial Purchaser that participates in any the Registered Exchange OfferOffer or acquires Exchange Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradable New tradeable Exchange Securities or in exchange for Securities constituting any portion of an unsold allotment (ivit being understood that (x) any Holder (other than the requirement that an Initial PurchaserPurchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of Exchange Securities acquired in exchange for such Securities shall result in such Exchange Securities being not "freely tradeable"; and (y) is not eligible to participate the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Securities acquired in the Registered Exchange OfferOffer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Securities being not "freely tradeable"), the following provisions Issuers shall apply:effect a Shelf Registration Statement in accordance with this Section 3. (ab) The Issuer and the Guarantors shall, Issuers shall as promptly as practicable, practicable (but in no event more than 60 days after so required or requested pursuant to this Section 3) file with the Commission, and, thereafter, and thereafter shall use their commercially respective reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 150 days after so required or requested to so file pursuant to this Section 3, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the Exchange Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder -------- ------- (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided, further, that with respect to New Exchange Securities -------- ------- received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Issuers may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bc) The Issuer and the Guarantors Issuers shall use their commercially respective reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration ------------------ Period"). The Issuer and the Guarantors Issuers shall be deemed not to have used their commercially respective ------ reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors any of them voluntarily take takes any action that would result in Holders of securities Securities or Exchange Securities covered thereby not being able to offer and sell such securities Securities or Exchange Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party Issuer in good faith and for valid business reasons (not including avoidance of the such Issuer's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Issuers promptly thereafter comply with the requirements of Section 5(k4(k) hereof, if applicable. (cd) The Issuer and Issuers shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Stoneridge Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 225 days of the Target Registration Issue Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 and 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ab) The Issuer and the Guarantors shall, Company shall as promptly as practicablereasonably practicable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially its reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by a majority of such Holders and set forth in such Shelf Registration Statement; providedStatement; PROVIDED, howeverHOWEVER, thatthat nothing in this Section 3(b) shall require the filing of a Shelf Registration Statement prior to the deadline for filing the Exchange Offer Registration Statement set forth in Section 2(a); PROVIDED, FURTHER, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and PROVIDED, FURTHER, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or and 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bc) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the original issuance date of the Securities or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement or cease to be Registrable Securities outstanding (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities or New Securities covered thereby not being able to offer and sell such securities Securities or New Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Polyone Corp)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or before September 15, 2005; (iii) prior to the Target Registration Datecompletion of the Registered Exchange Offer, (iiiA) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities ; or (ivB) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer and so notifies the Company; or (iv) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable") and the Initial Purchaser so notifies the Company, the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer Company and the Guarantors shall, shall as promptly as practicablereasonably practicable (but in no event more than 60 days after so required or requested pursuant to this Section 3, it being understood that in no event shall the Company be required to make any such filing prior to the earlier to occur of (x) March 31, 2005 and (y) the 30th day following delivery from our independent auditors of an audit report covering our consolidated financial statements for the year ending December 31, 2004, file with the Commission, and, thereafter, Commission and shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under Act within 120 days after the Securities Act, otherwise designate an existing registration statement filed with filing of the Commission asShelf Registration Statement, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Company and the Guarantors may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Company and the Guarantors shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the "Shelf Registration Period") from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of (A) two years from the Closing Date of the Securities (or until one year from the effective date of the Shelf Registration Statement if the Shelf Registration Statement is filed at the request of the Initial Purchasers); (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease can be sold pursuant to be Registrable Rule 144 without any limitations under clauses (c), (e), (f) and (h) thereunder; or (C) the date on which all Securities (such period being called the “Shelf Registration Period”)registered thereunder are disposed of in accordance therewith. The Issuer Company and the Guarantors shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders bad faith or for the purpose of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law avoiding the Company's or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the Guarantors' obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (ciii) The Issuer Company and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (UGS PLM Solutions Asia/Pacific INC)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) if for any other reason the Registered Exchange Offer is not consummated on or prior to within 150 days of the Target Registration Closing Date, or (iii) if any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Exchange Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) upon request by such Holder, if any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer or (v) upon request by such Initial Purchaser, in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires Exchange Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable Exchange Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that, for purposes of this Section 3, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Securities acquired in exchange for such Securities shall result in such Exchange Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors Company shall, as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3; it being understood that any delay by a Holder or Initial Purchaser in requesting a shelf registration pursuant to this Section 3 shall not in any way prejudice or impair such Holder's or Initial Purchaser's rights under this Agreement), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted Act by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with 180th day after the Commission as, Closing Date a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the Exchange Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that, Statement; provided that with respect to New Exchange Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of three years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law law, or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and Holders of Securities may elect to sell their Securities pursuant to one or more Underwritten Offerings; provided, however, that in no event shall any Holder commence any such Underwritten Offering if a period of less than 180 days has elapsed since the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests consummation of the Issuer and its stockholders or if obtaining most recent Underwritten Offering hereunder. No Holder may participate in any financial statements relating Underwritten Offering hereunder unless such Holder agrees to any sell such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not Holder's Securities on the basis thereof) to provided in customary underwriting arrangements entered into in connection therewith and completes and executes all reasonable and customary agreements and documents required under the Holders. Upon the termination or disclosure terms of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)underwriting arrangements.

Appears in 1 contract

Samples: Registration Agreement (Optel Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 210 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests requests, within 20 days after the consummation of the Registered Exchange Offer with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) notifies us within 20 days after the consummation of the Registered Exchange Offer that it is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, shall use their commercially reasonable efforts to cause to become effective under the Securities Act, Commission or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed filing with the Commission asCommission, and shall use its reasonable best efforts to cause to be declared effective under the Act as soon as practicable after so required or requested, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the "Shelf Registration Period") from the date the Shelf Registration Statement is declared effective by the Commission until the earlier of: (A) the second anniversary thereof or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”)Statement. The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, and the any Issuer and the Guarantors determine that disclosure at such time is not in the best interests Free Writing Prospectus, as of the Issuer date thereof, (A) to comply in all material respects with the applicable requirements of the Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus and any Issuer Free Writing Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Allergan Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to the Target Registration Datebefore September 12, 2008; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 90 days after so required or requested, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until (A) the expiration of the time period referred to in Rule 144(d)(1)(ii) under the Act or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”)Statement. The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended Act; and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Jabil Circuit Inc)

Shelf Registration. If (i) If, because of any changes in law, SEC rules or regulations or applicable interpretations thereof by the Issuer staff of the SEC, the Company and the Guarantors Guarantor determine upon advice of after consultation with its outside counsel that a Registered the Company or the Guarantor is not permitted to effect the Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff2.1 hereof, (ii) if for any other reason (A) the Registered Exchange Offer Registration Statement is not declared effective within 270 days following the Closing Date or (B) the Exchange Offer is not consummated on or prior to within 300 days after the Target Registration Closing Date, (iii) any if the Initial Purchaser so requests is holding Private Exchange Securities issued with respect to Original Registrable Securities that were not eligible to be exchanged for New Exchange Securities in a Registered the Exchange Offer or, in or if the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Exchange Securities or in the Exchange Offer, upon the request of the Initial Purchaser, (iv) upon notice of any Holder (other than an the Initial Purchaser) given to the Company or the Guarantor in writing within 35 days after the commencement of the Exchange Offer to the effect that (A) due to a change in law or SEC policy it is not eligible entitled to participate in the Registered Exchange Offer, (B) due to a change in law or SEC policy it may not resell the following provisions shall applyExchange Securities acquired by it in the Exchange Offer to the public without delivering a prospectus and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder or (C) it is a broker-dealer and owns Registrable Securities acquired directly from the Company or the Guarantor or an “affiliate” of the Company or the Guarantor (as such term is defined in Rule 405 under the 0000 Xxx) or (v) the holders of a majority of the Exchange Securities may not resell the Exchange Notes acquired by them in the Exchange Offer to the public without restriction under the 1933 Act and without restriction under applicable blue sky or state securities laws, then in case of each of clauses (i) through (v) the Company and the Guarantor shall, at their cost: (a) The Issuer and the Guarantors shall, as As promptly as practicable, file with the CommissionSEC, and, thereafter, and thereafter shall use their commercially reasonable best efforts to cause to become be declared effective under as promptly as practicable but no later than 270 days after the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asClosing Date, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities, Securities by the applicable Holders from time to time in accordance with the methods of distribution elected by such the Majority Holders participating in the Shelf Registration and set forth in such Shelf Registration Statement; provided, however, that, with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the Staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act, as applicable, in satisfaction of its obligations under this Section 3(a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors shall use Use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until the earlier of (A) two years from the date the Shelf Registration Statement is declared effective by the SEC, (B) the date on which the Registrable Securities become eligible for resale pursuant to Rule 144(k) or any successor provision or (C) the date on which all Registrable Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement or cease to be outstanding or otherwise to be Registrable Securities (such period being called the “Shelf Registration Effectiveness Period”). The Issuer and ; provided, however, that the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep Effectiveness Period in respect of the Shelf Registration Statement effective during shall be extended if and to the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able extent necessary to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter permit dealers to comply with the applicable prospectus delivery requirements of Section 5(k) hereof, if applicableRule 174 under the 1933 Act and as otherwise provided herein. (c) The Issuer and the Guarantors shall be entitled Notwithstanding any other provisions hereof, use their reasonable best efforts to suspend their obligation to file ensure that (i) any Shelf Registration Statement or and any amendment thereto, furnish thereto and any Prospectus forming part thereof and any supplement or amendment to a Prospectus included thereto complies in a all material respects with the 1933 Act and the rules and regulations thereunder, (ii) any Shelf Registration Statement and any amendment thereto does not, when it becomes effective, 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 (iii) any free writing prospectus, make Prospectus forming part of any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause and any supplement to such Prospectus (as amended or supplemented from time to time), does not include an untrue statement of a Shelf Registration Statement material fact or omit to remain effective state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. The Company and the Guarantor further agree, if necessary, to supplement or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in amend the Shelf Registration Statement or Prospectus Statement, as required by Section 3(b) below, and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice furnish to the Holders of Registrable Securities copies of any such supplement or amendment as promptly as reasonably practicable after its being used or filed with the cessation of the delay or suspension (but not the basis thereof)SEC.

Appears in 1 contract

Samples: Registration Rights Agreement (Santander Finance Preferred S.A. Unipersonal)

Shelf Registration. If (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff the Guarantors determine upon advice of outside counsel that a Company is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law 1 hereof, or applicable interpretations of the Staff, (ii) for any other reason Securities validly tendered pursuant to the Registered Exchange Offer is are not consummated on or prior to exchanged for Exchange Securities within 210 days after the Target Registration Issue Date, or (iii) any Initial Purchaser so requests with respect to Original Securities or Private Exchange Securities not eligible to be exchanged for New Exchange Securities in a the Registered Exchange Offer or, in and held by it following the case consummation of any Initial Purchaser that participates in any the Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any applicable law or interpretations do not permit any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer, or (v) any Holder that participates in the Registered Exchange Offer does not receive freely transferable Exchange Securities in exchange for tendered Securities, other than by reason of such Holder being an Affiliate of the Company (it being understood that, for purposes of this Section 2, the requirement that an Exchanging Dealer deliver a prospectus in connection with sales of Exchange Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of marketmaking activities or other trading activities shall not result in such Exchange Securities being not "freely tradeable"), or (vi) the Company so elects, then the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall use its reasonable best efforts to file as promptly as practicable, file practicable (but in no event more than 90 days after so required or requested pursuant to this Section 2) with the Commission, and, thereafter, and thereafter shall use their commercially its reasonable best efforts to cause to become effective be declared effective, a shelf registration statement on an appropriate form under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement Act relating to the offer and sale of the applicable Registrable Securities, Transfer Restricted Securities (as defined below) by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such registration statement (hereafter, a "Shelf Registration Statement; Statement" and, together with any Exchange Offer Registration Statement, a "Registration Statement"); provided, however, that, with respect to New Exchange Securities or Private Exchange Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective posteffective amendment to the Exchange Offer Registration Statement containing the information required by Regulation SK Items 507 and/or 508 of Regulation S-K under the Securities Act508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus prospectus forming a part thereof to be usable used by Holders until of Transfer Restricted Securities for a period ending on the earlier of (i) two years from the Issue Date or such shorter period that will terminate when all the Transfer Restricted Securities covered by the Shelf Registration Statement cease have been sold pursuant thereto and (ii) the date on which the Securities become eligible for resale without volume restrictions pursuant to be Registrable Rule 144 under the Securities Act (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Transfer Restricted Securities covered thereby not being able to offer and sell such securities Transfer Restricted Securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors Company's obligation hereunder), including the acquisition or divestiture of assetsassets and other material transactions involving the Company, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(j) hereof, if applicable. (c) The Issuer and Notwithstanding any other provisions hereof, the Guarantors shall be entitled to suspend their obligation to file Company will ensure that (i) any Shelf Registration Statement or and any amendment thereto, furnish thereto and any prospectus forming part thereof and any supplement or amendment to a Prospectus included thereto complies in a all material respects with the Securities Act and the rules and regulations of the Commission thereunder, (ii) any Shelf Registration Statement and any amendment thereto (in either case, other than with respect to information included therein in reliance upon or in conformity with written information furnished to the Company by or on behalf of any free writing prospectus, Holder specifically for use therein (the "Holders' Information")) does 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 (iii) any other filing with the Commission that would be incorporated by reference into a prospectus forming part of any Shelf Registration Statement, cause and any supplement to such prospectus (in either case, other than with respect to Holders' Information), does not include an untrue statement of a Shelf Registration Statement material fact or omit to remain effective or state a material fact necessary in order to make the Prospectus or any free writing prospectus to remain usable or take any similar action (collectivelystatements therein, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests light of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Exchange and Registration Rights Agreement (Jones Apparel Group Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer Commission's staff, the Company and the Guarantors determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 240 days of the Target Registration Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer Company and the Guarantors shall, as promptly as practicable, file shall effect a Shelf Registration Statement in accordance with subsection (b) below. (i) The Company and the Commission, and, thereafter, Guarantors shall use their commercially reasonable efforts to cause to become be filed as soon as practicable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission and shall use their commercially reasonable efforts to cause to be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 210 days after so required or requested, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Company and the Guarantors may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Company and the Guarantors shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective under the Act, and supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the "Shelf Registration Period") from the date the Shelf Registration Statement is declared effective by the Commission until the earlier of (A) the second anniversary thereof or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”)Statement. The Issuer Company and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if either the Issuer and Company or the Guarantors voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Company and the Guarantors in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer Company's and the Guarantors Guarantors' obligations hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Scotts Company)

Shelf Registration. If (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors Issuers determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on within 180 days of the date hereof, or prior to the Target Registration Date, (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in and held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an Initial a Purchaser) shall notify the Company in writing that it is not eligible under applicable law to participate in the Registered Exchange Offer (other than because it has an understanding or arrangement with any person to participate in a distribution of the New Securities) or (v) in the case of any Purchaser that participates in the Registered Exchange Offer, such Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that, for purposes of this Section 3, (x) the requirement that a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable") or (vi) if the Company so elects; provided that any such election shall not relieve the Company of its obligations pursuant to Section 2 hereof, the following provisions shall apply: (a) The Issuer and the Guarantors shall, Issuers shall as promptly as practicable, practicable file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, Statement; provided that, with respect to New Securities received by an Initial a Purchaser in exchange for Original Securities securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Issuers may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its their obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Issuers shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders for a period of two years (or until one year after its effective date if such Shelf Registration Statement is filed at the request of any of the Purchasers) from the date the Shelf Registration Statement is declared effective (the "Expiration Date") by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"); provided however that during any consecutive 365-day period, the Company shall have the option to suspend avail- 8 -8- ability of the Shelf Registration Statement for up to two 30-consecutive-day periods, except for the consecutive 30-day period immediately prior to the Expiration Date, if the Company's Board of Directors determines in the exercise of its reasonable judgment that there is a valid business purpose for such suspension; provided further that if the Shelf Registration Period terminates and all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement have not been sold, the Company will cause the effectiveness to be extended by the number of days during which the Registration Statement was not usable pursuant to the preceding proviso. The Issuer and the Guarantors Issuers shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the any Issuer and the Guarantors voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law law, or (ii) such action is taken by such party Issuer in good faith and for valid business reasons (not including avoidance of the such Issuer's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the such Issuer and the Guarantors promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Agreement (MSX International Business Services Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors Issuers determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 150 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests in writing with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) notifies the Issuers in writing that it is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall not result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Issuers shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below; provided, however that the Issuers shall only be required to register Securities under the Shelf Registration Statement for persons who have identified themselves to the Issuers as Holders thereof. If in the judgment of the Company’s Board of Directors exercised reasonably and in good faith the use of the Shelf Registration Statement and the disclosure required to be made therein would materially interfere with a valid business purpose of the Issuers, the Company may deliver a notice to such effect to the Holders, and upon receipt of such notice, the Holders shall cease distribution of the Securities or New Securities under a Shelf Registration Statement for the period of time (the “Shelf Delay Period”) set forth in such notice (which shall not be greater than 60 days). Notwithstanding the foregoing, there shall not be more than one Shelf Delay Period declared in any one calendar year. The Company shall use its reasonable efforts to minimize the length of any Shelf Delay Period and shall promptly notify the Holders upon the termination thereof. (ab) The Issuer and the Guarantors shall, Issuers shall as promptly as practicable, practicable (but in no event more than 30 days after so required or requested pursuant to this Section 3) file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act within 60 days after so required or requested pursuant to this Section 3 a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat nothing in this Section 3(b) shall require the filing of a Shelf Registration Statement prior to the deadline for filing the Exchange Offer Registration Statement set forth in Section 2(a); provided, further, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided, further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Issuers may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bc) The Issuer and the Guarantors Issuers shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date of the initial sale of the Notes or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the “Shelf Registration Period”). The Issuer and the Guarantors Issuers shall not be obligated to amend or supplement such Shelf Registration Statement more than once per calendar quarter to reflect additional Holders. The Issuers shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors any of them voluntarily take takes any action that would result in Holders of securities Securities or New Securities covered thereby not being able to offer and sell such securities Securities or New Securities during that period, unless (iA) such action is required by applicable law or (iiB) such action is taken by such party Issuer in good faith and for valid business reasons (not including avoidance of the such Issuer’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Issuers promptly thereafter comply with the requirements of Section 5(k4(k) hereof, if applicable. (cd) The Issuer and Issuers shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (i) to comply in all material respects with the applicable requirements of the Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (ii) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Terra Industries Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 180 days of the date of original issuance of the 2006 Securities or the Registered Exchange Offer is not consummated on or prior to within 210 days of the Target Registration Date, date of original issuance of the 2006 Securities; (iii) any Initial Purchaser so requests within 45 days of consummation of the Registered Exchange Offer with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is so requests within 45 days of consummation of the Registered Exchange Offer on the basis that such Holder was not eligible to participate in the Registered Exchange OfferOffer or does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such Holder being an Affiliate of the Company (it being understood that a requirement to deliver a Prospectus in connection with market-making activities or other trading shall not result in the applicable securities not being “freely tradeable”); or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver an Exchange Offer Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable efforts to cause to become effective under the Securities ActAct a Shelf Registration Statement, oror shall, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed effective filing with the Commission as, for use by the Holders as a Shelf Registration Statement Statement, relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the Closing Date or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the “Shelf Registration Period”). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. The Company is expressly permitted to suspend the effectiveness of the Shelf Registration Statement in good faith in connection with the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Levi Strauss & Co)

Shelf Registration. If If, (i) because of any change in law or in applicable interpretations thereof by the staff of the Commission, the Issuer and the Guarantors determine upon advice of outside counsel that is not permitted to effect a Registered Exchange Offer Offer, as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, 1 hereof; (ii) for because of any change in law or in applicable interpretations thereof by the staff of the Commission prior to the 90th day after the Closing Date, the Issuer, pursuant to the ultimate paragraph of Section 1 hereof, undertakes reasonable and prompt efforts to obtain a favorable no-action letter or other reason decision from the Commission to allow the Issuer to consummate the Registered Exchange Offer and a response from the Commission has not been received prior to the 110th day after the Closing Date and Additional Interest (as defined in Section 6 hereof) has been assessed pursuant to Section 6(a)(i) hereof; (iii) the Registered Exchange Offer is not consummated on or prior to by the Target Registration 250th day after the Closing Date, ; (iiiiv) any Initial Purchaser so requests and notifies the Issuer within 10 business days following the consummation of the Registered Exchange Offer with respect to Original the Initial Securities (or the Private Exchange Securities) not eligible to be exchanged for New Exchange Securities in a the Registered Exchange Offer and held by it following consummation of the Registered Exchange Offer; or (v) any Holder (other than an Exchanging Dealer) is not eligible to participate in the Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an Initial PurchaserExchanging Dealer) is not eligible to participate that participates in the Registered Exchange Offer, such Holder does not receive freely tradable Exchange Securities on the date of the exchange and any such Holder so requests and notifies the Issuer within 10 business days following the consummation of the Registered Exchange Offer, the Issuer shall take the following provisions shall apply:actions (the date on which any of the conditions described in the foregoing clauses (i) through (v) occur, including in the case of clauses (iv) or (v) the receipt of the required notice, being a "Trigger Date"): (a) The Issuer and shall promptly (but in no event more than 60 days after the Guarantors shall, as promptly as practicable, Trigger Date (such 60th day being a "Filing Deadline")) file with the Commission, and, thereafter, shall Commission and thereafter use their commercially its reasonable efforts to cause to become be declared effective no later than 140 days after the Trigger Date (such 140th day being an "Effectiveness Deadline") a registration statement (the "Shelf Registration Statement" and, together with the Exchange Offer Registration Statement, a "Registration Statement") on an appropriate form under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement Act relating to the offer and sale of the applicable Registrable Securities, Transfer Restricted Securities by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such the Shelf Registration Statement; Statement and Rule 415 under the Securities Act (hereinafter, the "Shelf Registration"); provided, however, that, with respect that no Holder (other than any Initial Purchaser) shall be entitled to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the Staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under have the Securities Act, as applicable, in satisfaction of its obligations under this Section 3(a) with respect thereto, and any held by it covered by such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined unless such Holder agrees in Rule 405 under writing to be bound by all the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Actprovisions of this Agreement applicable to such Holder. (b) The Issuer and the Guarantors shall use their commercially its reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof prospectus included therein to be usable lawfully delivered by the Holders until of the relevant Securities, for a period of two years (or for such longer period if extended pursuant to Section 3(j) below) from the date of its effectiveness or such shorter period that will terminate when all the Securities covered by the Shelf Registration Statement cease to be Registrable (i) have been sold pursuant thereto or (ii) are no longer restricted securities (as defined in Rule 144 under the Securities Act, or any successor rule thereof) (such period being called the "Shelf Registration Period"). The Issuer and the Guarantors shall be deemed not to have used their commercially its reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicablelaw. (c) The Notwithstanding any other provisions of this Agreement to the contrary, the Issuer and shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a effective date of the Shelf Registration Statement, cause a Shelf Registration Statement amendment or supplement, (i) to remain effective or comply in all material respects with the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving applicable requirements of the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus Securities Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission and its stockholders (ii) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any statements therein, in light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Aquila Inc)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) if for any other reason the Registered Exchange Offer is not consummated on within 150 days of the date hereof, or prior to the Target Registration Date, (iii) if any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) if any Holder (other than an Initial a Purchaser) is not eligible to participate in the Registered Exchange OfferOffer or (v) in the case of any Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that, for purposes of this Section 3, (x) the requirement that a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market- making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration 6 Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, that, that with respect to New Securities received by an Initial a Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of three years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law law, or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Agreement (Forcenergy Inc)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Issuer Commission's staff, the Company and the Guarantors determine upon advice of outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 120 days after the Closing Date or the Registered Exchange Offer is not consummated on or prior to within 150 days after the Target Registration Closing Date, or (iii) any Initial Purchaser so requests with respect to Original Securities (or any New Securities received pursuant to Section 2(f)) not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities Securities, or (iv) any Holder (other than an Initial a Purchaser) is not eligible to participate in the Registered Exchange Offer, or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Securities in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Company within the meaning of the Act (it being understood that, for purposes of this Section 3, (x) the requirement that a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer Company and the Guarantors shall, shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such the Majority Holders participating in the Shelf Registration and set forth in such Shelf Registration Statement; Statement (such Securities or New Securities, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as "Registration Securities"); provided, however, that, with respect to New Securities received by an Initial a Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Company and the Guarantors may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer Company and the Guarantors shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the Securities covered by date the Shelf Registration Statement cease to be Registrable Securities (such period being called the “Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement is declared effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).shorter period

Appears in 1 contract

Samples: Registration Agreement (Metallurg Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable ------------------ interpretations thereof by the Issuer Commission's staff, the Company and the Guarantors determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to before 150 days after the Target Registration Datedate of this Agreement, (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iviii) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (iv) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer Company and the Guarantors shall, shall effect a Shelf Registration Statement in accordance with subsection (b) below. (i) The Company and the Guarantors shall as promptly as practicable, practicable file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable respective best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Company and the Guarantors may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Company and the Guarantors shall use their commercially reasonable respective best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement or when applicable law is amended to provide a shorter restrictive period (in any such case, such period being called the "Shelf Registration Period"). The Issuer Company and the Guarantors shall be deemed not to have used their commercially reasonable respective best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors any of them voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company or the Guarantors in good faith and for valid business reasons (not including avoidance of the Company's or the Guarantors' obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer Company and the Guarantors promptly thereafter comply with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer Company and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Amvescap PLC/London/)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Exchange Offer Registration Statement is not declared effective by the Commission under the Act within 180 days of the date of the original issuance of the Notes or the Registered Exchange Offer is not consummated on or prior to within 30 Business Days of the Target date of the effectiveness of the Exchange Offer Registration Date, Statement; (iii) any Initial Purchaser so requests with respect to Original Securities Notes that are not eligible to be exchanged for New Securities Exchange Notes in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer or does not receive Exchange Notes which are tradable from and after their receipt without any limitations or restrictions under the Act and without material restrictions under the securities laws of a substantial portion of the several states of the United States (for the purposes of this Section 3, "freely tradable" Exchange Notes) in the Registered Exchange Offer, other than by reason of such Holder being an Affiliate of the following provisions Company (it being understood that the requirement that a participating Broker-Dealer deliver the prospectus contained in the Exchange Offer Registration Statement in connection with sales of Exchange Notes shall apply:not result in such Exchange Notes being not "freely tradable"); or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires Exchange Notes pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable Exchange Notes in exchange for Notes constituting any portion of an unsold allotment, other than by reason of such Holder being an Affiliate of the Company (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall not result in such Exchange Notes being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the Company shall effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their its commercially reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable SecuritiesNotes or the Exchange Notes, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Notes held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities Exchange Notes received by an Initial Purchaser in exchange for Original Securities Notes constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their its commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the Securities date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their its commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assetsassets (to the extent permitted by the terms of the Indenture), so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Nova Chemicals Corp /New)

Shelf Registration. If If, (i) because of any change in law or ------------------- applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine upon advice of outside counsel that a Company is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staffhereof, (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 180 days after the Closing Date or the Registered Exchange Offer is not consummated on or prior to within 210 days after the Target Registration Closing Date, (iii) any Initial the Purchaser so requests with respect to Original Securities (or any New Securities received pursuant to Section 2(f)) not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial that the Purchaser that participates in any Registered Exchange Offer, such Initial the Purchaser does not receive freely tradable New Securities or Securities, (iv) any Holder (other than an Initial the Purchaser) is not eligible to participate in the Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Securities in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Company within the meaning of the Act (it being understood that, for purposes of this Section 3, (x) the requirement that the Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement (such Securities or New Securities, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as "Registration Securities"); provided, however, that, with -------- ------- respect to New Securities received by an Initial the Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders for a period of two years after the later of (x) the date of the original issuance of the Preferred Stock (or until one year after such date if such Shelf Registration Statement is filed at the request of the Purchaser) and (y) the last date on which any Affiliate of the Company, as applicable, was a beneficial owner of the Securities or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take it takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Agreement (Century Maintenance Supply Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on within 180 days of the date hereof; or prior to the Target Registration Date, (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities ; or (iv) any Holder (other than an Initial Purchaser) notifies the Company that it is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and If requested, the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 60 days after so requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and shall use their commercially its reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 120 days after so requested, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period (the "Shelf Registration Period") of (A) two years from the date the Shelf Registration Statement is declared effective by the Commission or (B) such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”)Statement. The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (ix) such action is required by or advisable under applicable law or (ii) such action is taken otherwise undertaken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of (y) if applicable, notice is delivered pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Synovus Financial Corp)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Guarantor determines upon advice of its outside counsel that a it or the Trust is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 300 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, provided that such Initial Purchaser does not receive freely tradable New Securities or request shall be made to the Guarantor and the Trust in writing prior to the 20th day following the consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) notifies the guarantor and the Trust in writing prior to the 20th day following consummation of the Registered Exchange Offer that is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser notifies the Guarantor and the Trust in writing prior to the 20th day following consummation of the Registered Exchange Offer that it has not received freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Guarantor and the Trust shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer Guarantor and the Guarantors shall, Trust shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), use their reasonable best efforts to file with the Commission, and, thereafter, Commission and shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission aswithin 180 days after so required or requested, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, together with the Debentures or New Debentures underlying such Securities or New Securities and the Guarantee or New Guarantee of the Securities or New Securities, by the applicable Holders of the Securities or the New Securities from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Guarantor and the Guarantors Trust may, if permitted by then-current rules or regulations, or then-current interpretations by the StaffCommission's staff, file a post-effective amendment or prospectus supplement to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amendedamended or supplemented, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Guarantor and the Guarantors Trust shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period the Securities covered by "Shelf Registration Period") from the date the Shelf Registration Statement cease to be is declared effective by the Commission until the earlier of (A) the second anniversary after the Closing Date or (B) the date upon which no Registrable Securities (such period being called are outstanding. Both the “Shelf Registration Period”). The Issuer Guarantor and the Guarantors Trust shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors either voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (iiy) such action is taken otherwise undertaken by such party the Guarantor or the Trust in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer Guarantor and the Guarantors Trust's obligations hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Guarantor and the Trust promptly thereafter comply with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer Guarantor and the Guarantors Trust shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Stanley Works)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors Issuers determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 270 days of the Target Registration Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable;" and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"); provided, that in the case of clauses (iii), (iv) and (v) above, such Holder or Initial Purchaser, as the case may be, notifies the Issuers in writing prior to the 20th Business Day following consummation of the Exchange Offer to such effect, the following provisions Issuers shall apply:file and use their commercially reasonable efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Issuers shall as promptly as practicable, practicable use their commercially reasonable efforts to file with the Commission, and, thereafter, Commission and shall use their commercially reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 270 days, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Issuers may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Issuers shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date, (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable the Shelf Registration Statement or (C) the date upon which the Securities or New Securities, as applicable, covered by the Shelf Registration Statement become eligible for resale, without regard to volume, manner of sale or other restrictions contained in Rule 144 under the Act pursuant to paragraph (k) thereof (in any such period being called case, the "Shelf Registration Period"). The Issuer and the Guarantors Issuers shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is otherwise taken by such party the Issuers in good faith and for valid business reasons (not including avoidance of the Issuers' obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer assets and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k) (ii) hereof, if applicable. (ciii) The Issuer and Issuers shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (VHS of Anaheim Inc)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Commission’s staff, the Issuer and the Guarantors Parent determine upon advice of outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any other reason the Exchange Offer Registration Statement is not declared effective by November 9, 2014 or the Registered Exchange Offer is not consummated on or prior to the Target later of (x) December 9, 2014 and (y) 30 business days following the initial effectiveness date of the Exchange Offer Registration DateStatement, or (iii) any Initial Purchaser so requests with respect to Original Securities Notes (or any New Notes received pursuant to Section 2(f)) not eligible to be exchanged for New Securities Notes in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities Notes, or (iv) any Holder (other than an Initial a Purchaser) is not eligible to participate in the Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Notes in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Issuer and Parent within the meaning of the Securities Act (it being understood that, for purposes of this Section 3, (x) the requirement that a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of New Notes acquired in exchange for such Original Notes shall result in such New Notes being not “freely tradeable” but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Notes acquired in the Registered Exchange Offer in exchange for Original Notes acquired as a result of market-making activities or other trading activities shall not result in such New Notes being not “freely tradeable”), the following provisions shall apply: (a) The Issuer and the Guarantors shall, Parent shall as promptly as practicablepracticable (but in no event after the later of (i) August 11, 2014 or (ii) 45 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable SecuritiesOriginal Notes or the New Notes, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement (such Original Notes or New Notes, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as “Registration Securities”); provided, however, that, with respect to New Securities Notes received by an Initial a Purchaser in exchange for Original Securities Notes constituting any portion of an unsold allotment, the Issuer and the Guarantors Parent may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its their obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors Parent shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Parent shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of one year from the Securities date the Shelf Registration Statement becomes effective or is designated as such or such shorter period that will terminate when all the Original Notes or New Notes, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the “Shelf Registration Period”). The Issuer and the Guarantors Parent shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors or Parent voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors Parent hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Parent promptly thereafter comply with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Agreement (Level 3 Communications Inc)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staffhereof, (ii) if for any other reason the Registered Exchange Offer Registration Statement is not consummated on or prior to declared effective within 180 days of the Target Registration Closing Date, (iii) if any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) if in the reasonable opinion of Fulbright & Jawoxxxx X.X.P. any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that, for purposes of this Section 3, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K promulgated under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted Act by Rule 430B under the Securities Act, otherwise designate 210th day after the Closing Date (or promptly in the event of a request by an existing registration statement filed with the Commission asInitial Purchaser), a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, that, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until the earliest of (i) the second anniversary of the Closing Date (or the first anniversary of the date the Shelf Registration Statement is declared effective by the Commission if the Shelf Registration Statement is filed at the request of an Initial Purchaser), (ii) the time when the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease can be sold by non-affiliates pursuant to be Registrable Rule 144 promulgated under the Act without limitation under clauses (c), (e), (f) and (h) of Rule 144 or (iii) when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). During any consecutive 365-day period, the Company will have the ability to suspend the availability of the Shelf Registration Statement for up to two periods of up to 45 consecutive days each, but no more than an aggregate of 60 days during any 365-day period. The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k5(l) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Global Marine Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 180 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years after the Closing Date or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Amc Entertainment Inc)

Shelf Registration. If (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors determine Company determines upon advice of its outside counsel that a Registered it is not permitted to effect the Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) the Company is not required to file the Exchange Offer Registration Statement for any reason other reason than those specified in clause (i) above, or (iii) with respect to any Holder of Transfer Restricted Securities, such Holder notifies the Registered Exchange Offer is not consummated Company in writing on or prior to the Target Registration Date, (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered 20th day following consummation of the Exchange Offer or, that (A) such Holder is prohibited by applicable law or Commission policy from participating in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (ivB) any such Holder (other than an Initial Purchaser) may not resell the Exchange Notes acquired by it in the Exchange Offer to the public without delivering a prospectus and that the Prospectus contained in the Exchange Offer Registration Statement is not eligible to participate appropriate or available for such resales by such Holder, or (C) such Holder is an Exchanging Dealer and holds Initial Notes acquired directly from the Company or one of its affiliates (it being understood that, for purposes of this Section 3, (x) the requirement that the Initial Purchasers deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not “freely tradeable” and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange OfferOffer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not “freely tradeable”), the following provisions shall apply: (a) The Issuer and the Guarantors shall, as promptly as practicable, file with the Commission, and, thereafter, Company shall use their its commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed file with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable SecuritiesNotes or the Exchange Notes, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement and Rule 415 under the Securities Act, however, provided that, with respect to New Securities Exchange Notes received by an the Initial Purchaser Purchasers in exchange for Original Securities Initial Notes constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their its commercially reasonable efforts to cause the Shelf Registration Statement to be filed on or prior to the 90th calendar day after, and declared effective under the Securities Act on or prior to the 180th calendar day after, the obligation to file a Shelf Registration Statement under this Section 3 arises and to keep the such Shelf Registration Statement continuously effective in order to permit for a period of two years from the Prospectus forming a part thereof to be usable date the Shelf Registration Statement is declared effective by Holders until the Securities Commission or such shorter period that will terminate when all the Initial Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable the Shelf Registration Statement or are no longer Transfer Restricted Securities (in any such case, such period being called the “Shelf Registration Period”). The Issuer and the Guarantors Company shall be deemed not to have used their its commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors Company voluntarily take takes any action that would result in Holders of securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (i) such action is required by applicable law law, (ii) the Company complies with this Agreement or (iiiii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(m) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Dobson Communications Corp)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer Commission’s staff, the Company and the Guarantors Guarantor determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to the Target Registration Datebefore October 31, 2005; (iii) any Initial Purchaser so requests with respect to Original Registrable Securities that, upon advice of counsel, are not eligible under applicable law to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) who, upon advice of counsel, is not eligible under applicable law to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Company and the Guarantor shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer Company and the Guarantors shall, as promptly as practicableGuarantor shall (after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 90 days after so required or requested, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Company and the Guarantors Guarantor may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Company and the Guarantors Guarantor shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until (A) the second anniversary of the Issue Date or (B) for such shorter period that will terminate on the date upon which all the Registrable Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement or otherwise cease to be Registrable Securities; provided, however, that the Company and the Guarantor shall have the right to suspend the disposition of Registrable Securities (such period being called the “Shelf Registration Period”pursuant thereto in accordance with Section 4(j)(ii). The Issuer Company and the Guarantors Guarantor shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Company or the Guarantor in good faith and for valid business reasons (not including avoidance of the Company or the Guarantor’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of or (y) permitted pursuant to Section 5(k4(j)(ii) hereof, if applicable. (ciii) The Issuer Company and the Guarantors Guarantor shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (CSN Islands IX Corp.)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 225 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall not result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicable, practicable file with the Commission, and, thereafter, Commission and shall use their commercially its reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the "Shelf Registration Period") from the date the Shelf Registration Statement is declared effective by the Commission until (A) the second anniversary thereof or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”)Statement. The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Brinker International Inc)

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Shelf Registration. If If, (i) because of any change in law or ------------------ applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 180 days after the Closing Date; (iii) the Registered Exchange Offer is not consummated on or prior (it being understood that, for purposes of this clause (iii) and clause (iii) of Section 5 hereof, "consummated" shall mean that the Company has offered the New Notes in exchange for surrender of the Transfer Restricted Notes pursuant to the Target Registration Registered Exchange Offer, kept the Registered Exchange Offer open for the period required by Section 2(c)(ii) hereof and fulfilled all of its other obligations hereunder in connection with the Registered Exchange Offer) within 210 days of the Closing Date, ; (iiiiv) any Initial Purchaser so requests with respect to Original Securities Transfer Restricted Notes constituting any portion of an allotment remaining unsold after 30 days following the date hereof; (v) any Holder (other than an Initial Purchaser or a Restricted Holder) does not eligible to be exchanged for receive freely tradeable New Securities Notes in a the Registered Exchange Offer or, Offer; or (vi) in the case of any Initial Purchaser that participates in any the Registered Exchange OfferOffer or acquires New Notes pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradable tradeable New Securities or Notes in exchange for Transfer Restricted Notes constituting any portion of an allotment remaining unsold after 30 days following the date hereof (ivit being understood that, for purposes of this Section 3, (x) any the requirement that a Holder deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Notes acquired in exchange for such Transfer Restricted Notes shall result in such New Notes being not "freely tradeable" but (other than y) the requirement that an Initial Purchaser) is not eligible to participate Exchanging Dealer deliver a Prospectus in connection with sales of New Notes acquired in the Registered Exchange OfferOffer in exchange for Transfer Restricted Notes acquired as a result of market-making activities or other trading activities shall not result in such New Notes being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors Company shall, at its cost, as promptly as practicablepracticable (but in no event more than 45 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially its reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable SecuritiesTransfer Restricted Notes or the New Notes, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, that, that with respect to New Securities -------- Notes received by an Initial Purchaser in exchange for Original Securities Transfer Restricted Notes constituting any portion of an allotment remaining unsold allotmentafter 30 days following the date hereof, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years (or any shorter period under Rule 144(k) under the Securities Act) from the date the Shelf Registration Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when all the Transfer Restricted Notes or New Notes, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities notes covered thereby not being able to offer and sell such securities notes during that period, unless (i) such action is required by applicable law law, or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Exchange and Registration Agreement (Focal Communications Corp)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Issuer and the Guarantors determine determines upon advice of their outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 270 days of the Target Registration Original Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Exchange Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires Exchange Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable Exchange Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of Exchange Securities acquired in exchange for such Securities shall result in such Exchange Securities being not "freely tradeable;" and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Securities being not "freely tradeable"), the following provisions Issuer shall apply: (a) The Issuer file and the Guarantors shall, as promptly as practicable, file with the Commission, and, thereafter, shall use their commercially its reasonable best efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below. (i) The Issuer shall use its reasonable best efforts to as promptly as practicable file with the Commission and shall use its reasonable best efforts to cause to be declared effective under the Securities Act, or, if permitted by Rule 430B under Act within 270 days of the Securities Act, otherwise designate an existing registration statement filed with the Commission asOriginal Closing Date, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the Exchange Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Exchange Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date, (B) the date upon which all the Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”Statement or (C) the date upon which the Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement become eligible for resale, without regard to volume, manner of sale or other restrictions contained in Rule 144 under the Act pursuant to paragraph (k) thereof (in any such case, the "SHELF REGISTRATION PERIOD"). The Issuer and the Guarantors shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is otherwise taken by such party the Issuer in good faith and for valid business reasons (not including avoidance of the Issuer's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer assets and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (BCP Crystal Holdings Ltd. 2)

Shelf Registration. (a) If (i) notwithstanding the Issuer and efforts contemplated in Section 2(g), due to any change in applicable law or interpretations thereof by the Guarantors determine Staff, the Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 225 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests requests, within the 90-day period specified in Section 2(f) above, with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser or an Affiliate of the Company) is not eligible to participate in the Registered Exchange Offer because of any applicable laws or interpretations thereof by the Staff; or (v) in the case of any Initial Purchaser that participates in any the Registered Exchange OfferOffer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradable New Securities or in exchange for Securities constituting any portion of an unsold allotment (ivit being understood that (x) any Holder (other than the requirement that an Initial PurchaserPurchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradable” and (y) is not eligible to participate the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange OfferOffer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradable”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. In the case of clause (ii) of this Section 3(a), if the Registered Exchange Offer is consummated, the Company may terminate any Shelf Registration Statement then in effect, without penalty, at any time. (ai) The Issuer and the Guarantors shall, as promptly as practicable, file with the Commission, and, thereafter, Company shall use their commercially its reasonable best efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, file a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement with the Commission on or before the later of (A) 60 days after so required or requested pursuant to this Section 3, and (B) 90 days after the date hereof (or, if such 60th or 90th day, as applicable, is not a Business Day, the next succeeding Business Day), such later date being referred to herein as the “Shelf Filing Date;” and thereafter the Company shall use its reasonable best efforts to cause the Shelf Registration Statement to be declared effective under the Act on or before 90 days after the Shelf Filing Date (or, if such 90th day is not a Business Day, the next succeeding Business Day; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the Staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to the Shelf Registration Statement or may be Registrable Securities sold pursuant to Rule 144(k) under the Act (in any such case, such period being called the “Shelf Registration Period”). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors Company voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (iA) such action is required by applicable law or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assetsassets or other material corporate transaction or event, so long as the Issuer and the Guarantors promptly thereafter comply Company complies with the requirements of Section 5(k) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Newfield Exploration Co /De/)

Shelf Registration. If (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer Offers as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, (ii) if for any reason the Exchange Offer Registration Statement is not declared effective within 180 days following the Closing Date or (iii) for any other reason the Registered Exchange Offer is Offers are not consummated on or prior to within 210 days following the Target Registration Closing Date, or (iiiiv) any the Initial Purchaser so requests with respect to Original Securities Debentures not eligible to be exchanged for New Securities Exchange Debentures in a Registered Exchange Offer or, in and held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange OfferOffers, such Initial Purchaser does not receive freely tradable New Securities or (ivv) if under any applicable laws or applicable interpretations thereof any Holder at the time of the Registered Exchange Offers (other than an including the Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffers or (vi) any Holder that participates in the Registered Exchange Offer (other than an Exchanging Dealer), does not receive freely tradeable thereafter Exchange Debentures in exchange for tendered Debentures, the following provisions shall apply: (a) The Issuer and the Guarantors shallCompany shall at its own cost, as promptly as practicable, practicable file with the Commission, and, thereafter, shall and use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted Act by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with 210th day after the Commission as, Closing Date (or promptly in the event of a request by the Initial Purchaser) a Shelf Registration Statement relating to the offer and sale of the applicable Registrable SecuritiesDebentures or the Exchange Debentures, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement; PROVIDED, howeverHOWEVER, that, that with respect to New Securities Exchange Debentures received by an the Initial Purchaser in exchange for Original Securities Debentures constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until the Securities earliest of (i) the third anniversary of the Closing Date (or the first anniversary of the effective date of the Shelf Registration Statement if such Shelf Registration Statement is filed at the request of the Initial Purchaser), (ii) the time when the Debentures registered under the Shelf Registration Statement can be sold by non-Affiliates pursuant to Rule 144 under the Act without any limitations under clauses (c), (e), (f) and (h) of Rule 144 or (iii) such time as all the Debentures or Exchange Debentures, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and ; PROVIDED, HOWEVER, that the Guarantors shall be deemed not Company will have the ability to have used their commercially reasonable efforts to keep suspend the availability of the Shelf Registration Statement effective during any consecutive 365-day period for up to two periods of up to 45 consecutive days, but no more than an aggregate of 60 days during any 365-day period (a "Suspension"), PROVIDED that the Shelf Registration Period if Company notifies the Issuer and holders of the Guarantors voluntarily take any action that would result in Holders of securities Debentures covered thereby not being able to offer and sell of any such securities during that period, unless (i) such action is Suspension as required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof4(c)(2)(iii).

Appears in 1 contract

Samples: Registration Agreement (Sherwin Williams Co)

Shelf Registration. If If, (i) because of any change in law or ------------------ applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may hereof, or (ii) for any other reason the Exchange Offer Registration Statement has not be completed as soon as practicable after been filed with the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations Commission within 60 days of the StaffClosing Date, or (iiiii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 180 days of the Target Registration Closing Date, or (iiiiv) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a held by it following consummation of the Registered Exchange Offer orOffer, or (v) in the case of any Initial Purchaser that participates in any the Registered Exchange OfferOffer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradable tradeable New Securities or in exchange for Securities constituting any portion of an unsold allotment (ivit being understood that, for purposes of this Section 3, (x) any Holder the requirement that a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (other than y) the requirement that an Initial Purchaser) is not eligible to participate Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange OfferOffer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, that, -------- that with respect to New Securities received by an Initial a Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-post- effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law law, or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and No Holder of Securities may include any of its Securities in any Shelf Registration Statement pursuant to this Agreement unless such Holder furnishes to the Guarantors shall be entitled to suspend their obligation to file Company in writing, within 10 days after receipt of a request therefor, such information as the Company may reasonably request for use in connection with any Shelf Registration Statement or amendment thereto, furnish any supplement Prospectus or amendment to a preliminary Prospectus included in a Shelf Registration Statement or any free writing prospectustherein, make any other filing with and each such Holder agrees to furnish promptly to the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination Company all information required to be included disclosed in order to make the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) information previously furnished to the Holders. Upon the termination or disclosure of Company by such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but Holder not the basis thereof)materially misleading.

Appears in 1 contract

Samples: Registration Agreement (McLeodusa Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on within 225 days of the Closing Date; or (iii) prior to the Target Registration Date20th day following the consummation of the Registered Exchange Offer, (iiia) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities ; or (ivb) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (c) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities not being “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with resales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities not being “freely tradeable”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and shall use their its commercially reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 120 days after so required or requested, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until the earlier of (A) the second anniversary thereof or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement or cease to be Registrable Securities (such period being called the “Shelf Registration Period”)outstanding. The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Advanced Micro Devices Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors Issuers determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or within 150 days after the Assumption Date; (iii) prior to the Target Registration Date, 20th day following consummation of the Registered Exchange Offer (iiiA) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (ivB) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (C) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires Exchange Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable Exchange Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of Exchange Securities acquired in exchange for such Securities shall result in such Exchange Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Securities being not "freely tradeable"), the following provisions Issuers shall apply:effect a Shelf Registration Statement in accordance with Section 3(b) hereof. (ai) The Issuer and the Guarantors shall, Issuers shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, and thereafter shall use their commercially reasonable respective best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct (within 120 days after so required or requested pursuant to this Section 3), a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the Exchange Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement; PROVIDED, howeverHOWEVER, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and PROVIDED, FURTHER, that with respect to New Exchange Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Issuers may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Issuers shall use their commercially reasonable respective best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until the earliest of (A) the time when the Securities or Exchange Securities, as applicable, covered thereby can be sold pursuant to Rule 144 under the Act without any limitations under clauses (c), (e), (f) and (h) of Rule 144, (B) a period of two years from the effective date of the Shelf Registration Statement (or one year from the effective date of the Shelf Registration Statement if the Shelf Registration Statement is filed at the request of an Initial Purchaser) or (C) such shorter period that will terminate when all the Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the “Shelf Registration Period”"SHELF REGISTRATION PERIOD"). The Issuer and the Guarantors Issuers shall be deemed not to have used their commercially reasonable respective best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors any of them voluntarily take takes any action that would result in Holders of securities Securities or Exchange Securities covered thereby not being able to offer and sell such securities Securities or Exchange Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party Issuer in good faith and for valid business reasons (not including avoidance of the its obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly Issuers thereafter comply with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Solutia Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 240 days of the date of original issuance of the Securities or the Registered Exchange Offer is not consummated on or prior to within 270 days of the Target Registration Date, date of original issuance of the Securities; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer or does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such Holder being an Affiliate of the Company; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Securities Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver an Exchange Offer Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 45-days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially its reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Securities Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of one year from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the “Shelf Registration Period”). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Arauco & Constitution Pulp Inc)

Shelf Registration. If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 315 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer other than by reason of such Holder being an Affiliate of the Company; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities 7 acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (i) If required pursuant to subsection (a) above, The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Westar Energy Inc /Ks)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not declared effective within 180 days after the date hereof or consummated on or prior to within 225 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Exchange Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires Exchange Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable Exchange Securities in exchange for Original Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of Exchange Securities acquired in exchange for such Original Securities shall result in such Exchange Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Securities acquired in the Registered Exchange Offer in exchange for Original Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (i) The Company shall as promptly as practicable (but in no event more than (a) The Issuer and 60 days after so required or requested pursuant to this Section 3 or (b) 210 days after the Guarantors shalldate of the original issuance of the Original Securities, as promptly as practicablewhichever is later), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially its reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under no later than 240 days after the Securities Act, otherwise designate an existing registration statement filed with date of the Commission asoriginal issuance of the Original Securities, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities, Securities by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Exchange Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date of the original issuance of the Original Securities or, if earlier, the Securities covered by becoming freely tradable pursuant to Rule 144(k) of the Act or until all Securities have been sold under the Shelf Registration Statement cease to be Registrable Securities (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Scholastic Corp)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer Commission’s staff, the Issuers and the Guarantors determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 180 days of the Target Registration Closing Date, ; (iii) any the Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an the Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of the Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, the following provisions Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that the Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall apply:result in such New Securities being not “freely tradeable;” and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the Issuers and the Guarantors shall file and use their reasonable best efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer Issuers and the Guarantors shall, if required by subsection (a) above, as promptly as practicable, practicable use their reasonable best efforts to file with the Commission, and, thereafter, Commission and shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities ActAct within 180 days, orbut in no event before August 1, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as2008, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than the Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an the Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Issuers and the Guarantors may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Issuers and the Guarantors shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such period being called case, the “Shelf Registration Period”). The Issuer Issuers and the Guarantors shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is otherwise taken by such party the Issuers and the Guarantors in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer Issuers’ and the Guarantors Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Issuer assets and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer Issuers and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Nielsen CO B.V.)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors Issuers determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 240 days of the Target Registration Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer other than by reason of such Holder being an affiliate of the Company (it being understood that the requirement that an Exchanging Dealer deliver the prospectus contained in the Exchange Offer Registration Statement in connection with the sale of New Securities shall not result in such New Securities being not “freely tradeable”); or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Issuers shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Issuers shall as promptly as practicablepracticable (but in no event more than 365 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, ora Shelf Registration Statement, or shall, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, for use by the Holders as a Shelf Registration Statement Statement, relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder (with the Initial Purchasers’ agreement thereto being evidenced by their execution of this Agreement); and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Issuers may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement . (as defined in Rule 405 under the Securities Actii) Subject to Section 4(k), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Issuers shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented, amended and current as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until the earlier of (A) the second anniversary thereof, (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”Statement or (C) the date upon which all the Securities and New Securities are no longer restricted securities (as defined in Rule 144 under the Act). The Issuer and the Guarantors Issuers shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Issuers in good faith and for valid business reasons (not including avoidance of the Issuers’ obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and Issuers shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay circumstances under which they were made) not misleading, it being understood and agreed that the Issuers shall not be responsible for information provided by or suspension (but not the basis thereof) to the on behalf of Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Shoreline Real Estate Partnership, LLP)

Shelf Registration. If (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a Registered it is not permitted to effect the Exchange Offer as contemplated by Section 2 hereof may hereof, or (ii) the Company is not be completed as soon as practicable after required to file the last date Exchange Offer Registration Statement for acceptance any reason other than those specified in clause (i) above, or (iii) with respect to any Holder of Original Transfer Restricted Securities for exchange because it would violate any (A) such Holder is prohibited by applicable law or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to the Target Registration Date, (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, Commission policy from participating in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (ivB) any such Holder (other than an Initial Purchaser) may not resell the Exchange Notes acquired by it in the Exchange Offer to the public without delivering a prospectus and that the Prospectus contained in the Exchange Offer Registration Statement is not eligible to participate appropriate or available for such resales by such Holder, or (C) such Holder is an Exchanging Dealer and holds Initial Notes acquired directly from the Company or one of its affiliates (it being understood that, for purposes of this Section 3, (x) the requirement that the Initial Purchasers deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S- K under the Securities Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange OfferOffer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors Company shall, as promptly as practicable, file with the Commission, and, thereafter, shall use their commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable SecuritiesNotes or the Exchange Notes, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement and Rule 415 under the Securities Act, however, provided that, with respect to New Securities Exchange Notes received by an the Initial Purchaser Purchasers in exchange for Original Securities Initial Notes constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-post- effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to cause the Shelf Registration Statement to be declared effective under the Securities Act on or prior to the 120th calendar day after the obligation to file a Shelf Registration Statement under this Section 3 arises and to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof contained therein to be usable by Holders until for a period of two years from the Securities date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Initial Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors Company voluntarily take takes any action that would result in Holders of securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (i) such action is required by applicable law law, (ii) the Company complies with this Agreement or (iiiii) such action is taken by such party the Company or any Guarantors in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(m) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Dobson Communications Corp)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer Commission’s staff, the Issuers and the Guarantors determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 300 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer, the following provisions shall apply: (a) The Issuer Issuers and the Guarantors shall, shall effect a Shelf Registration Statement in accordance with subsection (b) below. (i) The Issuers and the Guarantors shall as promptly as practicablepracticable (but in no event more than 180 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission aswithin 270 days after so required or requested pursuant to this Section 3, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Issuers and the Guarantors may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Issuers and the Guarantors shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement under the Act (in any such case, such period being called the “Shelf Registration Period”). The Issuer Issuers and the Guarantors shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the either Issuer and the Guarantors or any Guarantor voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party Issuer or such Guarantor in good faith and for valid business reasons (not including avoidance of the Issuers’ or the Guarantors’ obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer Issuers and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (ciii) The Issuer Issuers and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Exchange and Registration Rights Agreement (Plains All American Pipeline Lp)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 180 days of the Target Registration Date, date of the original issuance of the Securities; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement; PROVIDED, howeverHOWEVER, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and PROVIDED FURTHER, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until the Securities covered by the Shelf Registration Statement cease to be Registrable Securities (such period being called the “Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).Shelf

Appears in 1 contract

Samples: Registration Rights Agreement (International Speedway Corp)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 225 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall not result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, shall use their commercially reasonable efforts to cause to become effective under the Securities Act, or, or if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed filing with the Commission asCommission, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless such Shelf Registration Statement is a previously filed Shelf Registration Statement that is effective at the time it is so designated, the Company shall use its reasonable best efforts to cause the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 to be declared effective under the Securities Act), the Issuer and the Guarantors shall include therein the information Act within 180 days after so required by Rule 430B(b)(2)(iii) under the Securities Actor requested. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until (A) the second anniversary thereof or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”)Statement. The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as and (y) permitted pursuant to Section 4(k)(ii) hereof. (iii) The Company shall cause the Issuer Shelf Registration Statement and the Guarantors promptly thereafter related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such amendment or supplement, (A) to comply in all material respects with the applicable requirements of Section 5(kthe Act; and (B) hereofnot to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, if applicablein the light of the circumstances under which they were made) not misleading. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that Company may require disclosure include in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests up to $300,000,000 aggregate principal amount of the Issuer and its stockholders Original 2015 Notes or if obtaining any financial statements relating to any such acquisition or business combination required the New 2015 Notes, as applicable, to be included offered and sold by the holders thereof from time to time in accordance with the methods of distribution elected by such holders and set forth in such Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)Statement.

Appears in 1 contract

Samples: Registration Rights Agreement (Citizens Communications Co)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) if for any reason the Exchange Offer Registration Statement is not declared effective within 150 days following the date of original issuance of the Senior Notes, or (iii) if for any other reason the Registered Exchange Offer is not consummated on within 180 days following the date of original issuance of the Senior Notes, or prior to the Target Registration Date, (iiiiv) if any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in Senior Notes held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (ivv) if any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer or (vi) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires Exchange Notes pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable Exchange Notes in exchange for Senior Notes constituting any portion of an unsold allotment (it being understood that, for purposes of this Section 3, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Senior Notes shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Senior Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall use its best efforts to (i) as promptly as practicable, practicable (but in no event more than 30 days after so required or requested pursuant to this Section 3) file with the Commission, and, thereafter, shall use their commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing Commission a shelf registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable SecuritiesSenior Notes or the Exchange Notes (the "Shelf Registration Statement"), as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and as set forth in such Shelf Registration Statement; providedStatement and in accordance with Rule 415 under the Act; PROVIDED, however, that, that with respect to New Securities Exchange Notes received by an Initial Purchaser in exchange for Original Securities Senior Notes constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless Statement and (ii) cause the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 to be declared effective under the Securities ActAct by the 180th day after the original issuance of the Senior Notes (or promptly in the event of a request by an Initial Purchaser), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act.; and (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective and generally usable for resales in order to permit the Prospectus forming a part thereof contained therein to be usable by Holders for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission (or until one year after its effective date if such Shelf Registration Statement is filed at the Securities request of the Initial Purchaser) or such shorter period that will terminate when all the Senior Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law law, or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Agreement (Armco Inc)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (iiII) for any other reason the Exchange Offer Registration Statement is not declared effective within 180 days after the Closing Date or the Registered Exchange Offer is not consummated on or prior to within 210 days after the Target Registration Closing Date, or (iiiIII) any Initial Purchaser so requests with respect to Original Securities (or any Exchange Securities received pursuant to Section 2(f)) not eligible to be exchanged for New Exchange Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities tradeable Exchange Securities, or (ivIV) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer or (V) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable Exchange Securities in exchange for tendered Securities, other than by reason of such Holder being an Affiliate of the Company within the meaning of the Act (it being understood that, for purposes of this Section 3, (X) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Securities acquired in exchange for such Securities shall result in such Exchange Securities being not "freely tradeable" but (Y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Securities being not "freely tradeable"), then the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted Act by Rule 430B under the 210th day after the issuance of the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the Exchange Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement (such Securities or Exchange Securities, howeveras applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as "Registration Securities"); PROVIDED, HOWEVER, that, with respect to New Exchange Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission (or for a period of one year from the date the Shelf Registration Statement is declared effective if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when all the Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (iI) such action is required by applicable law or (iiII) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors Company's obligation hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Fairpoint Communications Inc)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it and the Issuer are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 120 days after the Closing Date or the Registered Exchange Offer is not consummated on or prior to within 150 days after the Target Registration Closing Date, or (iii) any Initial Purchaser so requests with respect to Original Securities (or any New Securities received pursuant to Section 2(f)) not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities Securities, or (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Securities in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Issuer within the meaning of the Act (it being understood that, for purposes of this Section 3, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement (such Securities or New Securities, howeveras applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as "Registration Securities"); PROVIDED, HOWEVER, that, with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof").

Appears in 1 contract

Samples: Registration Agreement (Canadian Forest Oil LTD)

Shelf Registration. If (i) If, because of any change in law or applicable interpretations thereof by the Issuer and Staff of the Guarantors determine upon advice of outside counsel that a Registered Commission, the Company is not permitted to effect the Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law 2(a) hereof, or applicable interpretations of the Staff, (ii) if for any other reason the Registered Exchange Offer Registration Statement is not declared effective within 120 days following the date hereof or the Exchange Offer is not consummated on within 150 days following the date hereof, or prior to the Target Registration Date, (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in upon the case request of any Initial Purchaser that participates in (with respect to any Registered Registrable Notes which it acquired directly from the Company) following the consummation of the Exchange Offer, Offer if such Initial Purchaser does shall hold Registrable Notes which it acquired directly from the Company and if the Initial Purchaser is not receive freely tradable New Securities or (iv) any Holder (other than an permitted, in the opinion of counsel to such Initial Purchaser) is not eligible , pursuant to applicable law or applicable interpretation of the Staff of the Commission to participate in the Registered Exchange Offer, the following provisions shall applyCompany shall, at its cost: (aA) The Issuer and the Guarantors shall, as promptly as practicable, file with the Commission, and, thereafter, shall use their commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities, Notes by the applicable Holders from time to time in accordance with the methods of distribution elected by the Majority Holders of such Holders Registrable Notes and set forth in such Shelf Registration Statement; providedStatement, however, that, with respect and use its best efforts to New Securities received cause such Shelf Registration Statement to be declared effective by the Commission by the 150th day after the date hereof (or promptly in the event of a request by an Initial Purchaser pursuant to clause (iv) above). In the event that the Company is required to file a Shelf Registration Statement upon the request of any Holder (other than an Initial Purchaser) not eligible to participate in exchange for Original Securities constituting any portion the Exchange Offer pursuant to clause (iii) above or upon the request of an unsold allotmentInitial Purchaser pursuant to clause (iv) above, the Issuer Company shall file and the Guarantors may, if permitted by current interpretations have declared effective by the Staff, file Commission both an Exchange Offer Registration Statement pursuant to Section 2(a) with respect to all Registrable Notes and a post-effective amendment to Shelf Registration Statement (which may be a combined Registration Statement with the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act, as applicable, in satisfaction of its obligations under this Section 3(aStatement) with respect thereto, to offers and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until the Securities covered by the Shelf Registration Statement cease to be sales of Registrable Securities (such period being called the “Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken Notes held by such party in good faith and for valid business reasons (not including avoidance Holder or the Initial Purchasers after completion of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).Exchange Offer;

Appears in 1 contract

Samples: Registration Rights Agreement (CHS Electronics Inc)

Shelf Registration. If (i) because of any change in law or applicable ------------------ interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 150 days after the Closing Date or the Registered Exchange Offer is not consummated on or prior to within 180 days after the Target Registration Closing Date, or (iii) if any Initial Purchaser so requests with respect to Original Securities (or any New Securities received pursuant to Section 2(f)) not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable tradeable New Securities Securities, or (iv) if any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer or such Holder does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such Holder being an affiliate of the Company (it being understood that, for purposes of this Section 3, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), or (v) any applicable law or interpretations do not permit any Holder of Securities to participate in the Registered Exchange Offer, or (vi) the Company so elects, the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall as promptly as practicable, practicable (but in no event more than 30 days after so required or requested pursuant to this Section 3) file with the Commission, and, thereafter, Commission and thereafter shall use their commercially its reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under Act as promptly as practicable after the Securities Act, otherwise designate an existing registration statement filed with the Commission asfiling thereof, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities, Transfer Restricted Securities by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, that, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years after the Closing Date or such shorter period that will terminate when all the Transfer Restricted Securities covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Transfer Restricted Securities covered thereby not being able to offer and sell such securities Transfer Restricted Securities during that period, unless (i) such action is required by applicable law law, or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and . For so long as any Transfer Restricted Securities are outstanding, the Guarantors shall be entitled Company will continue to suspend their obligation provide to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests holders of the Issuer Securities and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any prospective purchasers of the conditions described in Securities the foregoing sentence, information required by Rule 144A(d)(4) under the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)Securities Act.

Appears in 1 contract

Samples: Registration Agreement (Nuevo Energy Co)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors Company determine upon advice of its outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) if for any other reason the Exchange Offer Registration Statement is not declared effective within 150 days after the Closing Date or the Registered Exchange Offer is not consummated on or prior to within 180 days after the Target Registration Closing Date, or (iii) if any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an Initial a Purchaser) is not eligible to participate in the Registered Exchange OfferOffer or (v) in the case of any Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that, for purposes of this Section 3, (x) the requirement that a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall as promptly as practicable, practicable (but in no event not more than 30 days after so required or requested pursuant to this Section 3) file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement (such Securities or New Securities, as applicable, to be sold by Holders under such Shelf Registration Statement being referred to herein as "Registrable Securities"); provided, however, that, that with respect to New Securities received by an Initial a Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of a Purchaser) or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors any of them voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Agreement (Boyd Gaming Corp)

Shelf Registration. (a) If (i) due to any change in law or ------------------ applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 120 days of the date of original issuance of the Securities or the Registered Exchange Offer is not consummated on or prior to within 150 days of the Target Registration Date, date of original issuance of the Securities; (iii) any Initial Purchaser so requests within 45 days of consummation of the Registered Exchange Offer with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is so requests within 45 days of consummation of the Registered Exchange Offer on the basis that such Holder was not eligible to participate in the Registered Exchange OfferOffer or does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such Holder being an Affiliate of the Company (it being understood that a requirement to deliver a Prospectus in connection with market-making activities or other trading shall not result in the applicable securities not being "freely tradeable"); or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver an Exchange Offer Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the Closing Date or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. The Company is expressly permitted to suspend the effectiveness of the Shelf Registration Statement in good faith in connection with the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Levi Strauss & Co)

Shelf Registration. If In the event that (i) any changes in law, SEC rules or regulations or applicable interpretations thereof by the Issuer and staff of the Guarantors determine upon advice of outside counsel that a Registered SEC do not permit the Company to effect the Exchange Offer as contemplated by Section 2 hereof may 2.1 hereof, (ii) if for any other reason the Exchange Offer Registra- tion Statement is not be completed as soon as practicable declared effective within 150 days following the Issue Date or the Exchange Offer is not consummated within 180 days after the last date for acceptance Issue Date, (iii) upon the request of Original the Initial Purchasers acquiring a majority of the initial aggregate principal amount of the Securities for exchange because with respect to any Registrable Securities which it would violate any acquired directly from the Company and, with respect to other Registrable Securities held by it, if such Initial Purchasers are not permitted, in the reasonable opinion of counsel to such Initial Purchasers, pursuant to applicable law or applicable interpretations of the Staffstaff of the SEC, (ii) for any other reason to partici- pate in the Registered Exchange Offer is not consummated on or prior otherwise receive securities that are freely tradeable without restriction or limitation as to holding period or volume under the Target Registration Date, (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer Act and applicable blue sky or state securities laws or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any a Holder (other than an Initial Purchaser) is not eligible permitted by applicable law to participate in the Registered Exchange OfferOffer based upon advice of counsel to the effect that such Holder may not be legally able to participate in the Exchange Offer or does not receive Exchange Securities pursuant to the Exchange Offer which are fully tradeable by the Holder without restriction or limitation as to holding period or volume under the Securities Act and under applicable blue sky or state securities laws, then in case of each of clauses (i) through (iv) the following provisions shall applyCompany shall, at its cost: (a) The Issuer and the Guarantors shall, as As promptly as practicable, file with the CommissionSEC, and, thereafter, and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under as promptly as practicable but no later than 150 days after the Securities Act, Issue Date (or, if permitted in the case of a request by Rule 430B under the Securities ActInitial Purchasers acquiring a majority of the initial aggregate principal amount of the Securities, otherwise designate an existing registration statement filed with the Commission aswithin 60 days of such request), a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities, Securities by the applicable Holders from time to time in accordance with the methods of distribution elected by such the Majority Holders participating in the Shelf Registration and set forth in such Shelf Registration Statement; provided, however, that, with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the Staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act, as applicable, in satisfaction of its obligations under this Section 3(a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors shall Subject to Section 2.4(b), use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years after its effective date (or one year after its effective date in the case of a request solely by Initial Purchasers) from the date the Shelf Registration Statement is declared effective by the SEC, or for such shorter period that will terminate when all Registrable Securities covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the “Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able or cease to offer and sell such securities during that period, unless (i) such action is required by applicable law be outstanding or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicableotherwise to be Registrable Securities. (c) The Issuer and the Guarantors shall be entitled Notwithstanding any other provisions hereof, use its best efforts to suspend their obligation to file ensure that (i) any Shelf Registration Statement or and any amendment thereto, furnish thereto and any Prospectus forming part thereof and any supplement or amendment to a Prospectus included thereto complies in a all material respects with the Securities Act and the rules and regulations thereunder, (ii) any Shelf Registration Statement and any amendment thereto does not, when it becomes effective, 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 (iii) any free writing prospectus, make Prospectus forming part of any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause and any supplement to such Prospectus (as amended or supplemented from time to time), does not include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements, in light of the circumstances under which they were made, not misleading. (d) If necessary, supplement or amend the Shelf Registration Statement, as required by Section 3(b) below, and furnish to the Holders copies of any such supplement or amendment promptly after its being used or filed with the SEC. The Company shall not be required to include any Registrable Securities of a Holder in any Shelf Registration Statement pursuant to remain effective or this Agreement unless such Holder furnishes to the Prospectus or any free writing prospectus to remain usable or take any similar action (collectivelyCompany, “Suspension Actions”) if there is within 5 business days after receipt by such Holder of a possible acquisitionrequest therefor, disposition or business combination or other transaction, business development or event involving such information as the Issuer or its subsidiaries that Company may require disclosure reasonably request for use in the connection with such Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)Statement.

Appears in 1 contract

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

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 270 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an the Initial PurchaserPurchasers) is not eligible to participate in the Registered Exchange Offer other than by reason of such Holder being an Affiliate of the Company; (iv) based on their reasonable opinion, the Initial Purchasers so request with respect to Notes that are not eligible to be exchanged for New Notes in the Registered Exchange Offer that are held by them following consummation of the Registered Exchange Offer, such request being in writing and delivered to the following provisions Company; or (v) in the case that the Initial Purchasers participate in the Registered Exchange Offer or acquire New Notes pursuant to Section 2(f) hereof, in their reasonable opinion the Initial Purchasers do not receive freely tradeable New Notes in exchange for Notes constituting any portion of an unsold allotment (it being understood that (A) the requirement that the Initial Purchasers deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Notes acquired in exchange for such Notes shall apply:result in such New Notes being not “freely tradeable” and (B) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such New Notes being not “freely tradeable”), the Company shall effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicable, practicable file with the Commission, and, thereafter, Commission and shall use their its commercially reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under Act within 270 days after the Securities Act, otherwise designate an existing registration statement filed with the Commission asClosing Date, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable SecuritiesNotes or the New Notes, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, that no Holder (other than the Initial Purchasers) shall be entitled to have the Notes held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder (it being understood that Holders who would have received freely transferable Notes pursuant to the Registered Exchange Offer had they not (A) failed to duly tender their Notes for exchange pursuant to the Registered Exchange Offer (other than the Initial Purchasers in connection with Notes held by them constituting any portion of an unsold allotment), or otherwise failed to comply with the requirements of the Registered Exchange Offer as provided in Section 2 hereof or (B) failed to furnish to the Company such information as the Company may request in accordance with Section 4(o) in connection with a Shelf Registration Statement, shall not retain any rights under this Agreement, including any right to have Notes owned by them included in any Shelf Registration Statement); and provided further that, with respect to New Securities Notes received by an the Initial Purchaser Purchasers in exchange for Original Securities Notes constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under of the Securities Act, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors shall use their commercially reasonable efforts to Company shall, except as permitted under Section 4(k)(ii), keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until (A) the Securities first anniversary thereof or (B) the earlier date upon which all the Notes or New Notes, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”). Statement. (iii) The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable efforts to keep cause the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take related Prospectus and any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that periodamendment or supplement thereto, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance as of the obligations effective date of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Kansas City Southern)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors Issuers determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 210 days of the Target Registration Settlement Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an Initial Purchasera Dealer Manager) is not eligible to participate in the Registered Exchange Offer; (iv) any Dealer Manager so requests with respect to New Notes that are not eligible to be exchanged for Exchange Notes in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; or (v) in the case of any Dealer Manager that participates in the Registered Exchange Offer or acquires Exchange Notes pursuant to Section 2(f) hereof, such Dealer Manager does not receive freely tradeable Exchange Notes in exchange for New Notes constituting any portion of an unsold allotment (it being understood that (x) the requirement that a Dealer Manager deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such New Notes shall result in such Exchange Notes being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for New Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not “freely tradeable”), the following provisions Issuers shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Issuers shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities, New Notes by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder shall be entitled to have the New Notes held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities Exchange Notes received by an Initial Purchaser a Dealer Manager in exchange for Original Securities New Notes constituting any portion of an unsold allotment, the Issuer and the Guarantors Issuers may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a3(b) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the ; and, provided further, that with respect to a Shelf Registration Statement is an automatic shelf registration statement required pursuant to clause (as defined in Rule 405 under the Securities Actii) of Section 3(a), the Issuer and consummation of a Registered Exchange Offer shall relieve the Guarantors shall include therein the information required by Rule 430B(b)(2)(iiiIssuers of their obligations under this Section 3(b) but only in respect of their obligations under the Securities Actsuch clause (ii) of Section 3(a). (bii) The Issuer and the Guarantors Issuers shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until (A) the Securities second anniversary thereof or (B) or the date upon which all the New Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”)Statement. The Issuer and the Guarantors Issuers shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities New Notes covered thereby not being able to offer and sell such securities New Notes at any time during that periodthe Shelf Registration Period, unless (iA) such action is required by applicable law or (iiB) such action is taken by such party the Issuers in good faith and for valid business reasons (not including avoidance of the Issuers’ obligations of the Issuer and the Guarantors hereunder), including including, without limitation, the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Issuers promptly thereafter comply with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer and Issuers shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon case of a Prospectus, in the occurrence of any light of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Saks Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 180 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer other than by reason of such Holder being an Affiliate of the Company; (iv) based on its reasonable opinion, any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer that are held by it following consummation of the Registered Exchange Offer, such request being in writing and delivered to the following provisions Company; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, in its reasonable opinion such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall apply:result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the Company shall effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicable, practicable file with the Commission, and, thereafter, Commission and shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 180 days after so required or requested, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder (it being understood that Holders who would have received freely transferable Securities pursuant to the Registered Exchange Offer had they not (i) failed to duly tender their Securities for exchange pursuant to the Registered Exchange Offer (other than the Initial Purchasers in connection with Securities held by them constituting any portion of an unsold allotment), or otherwise failed to comply with the requirements of the Registered Exchange Offer as provided in Section 2 hereof or (ii) failed to furnish to the Company such information as the Company may request in accordance with Section 4(o) in connection with a Shelf Registration Statement, shall not retain any rights under this Registration Rights Agreement, including any right to have Securities owned by them included in any Shelf Registration Statement); and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors shall use their commercially reasonable efforts to Company shall, except as permitted under Section 4(k)(ii), keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the "Shelf Registration Period") from the date the Shelf Registration Statement is declared effective by the Commission until (A) the second anniversary thereof or (B) the earlier date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”). Statement. (iii) The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable efforts to keep cause the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take related Prospectus and any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that periodamendment or supplement thereto, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance as of the obligations effective date of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (TFM Sa De Cv)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated contem- plated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 180 days of the Target Registration Issue Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer, ; or (v) in the following provisions shall apply: (a) The Issuer and case of any Initial Purchaser that participates in the Guarantors shall, as promptly as practicable, file with the Commission, and, thereafter, shall use their commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that, with respect to Registered Exchange Offer or acquires New Securities received by an pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Original Securities constituting any portion of an unsold allotment, allotment (it being understood that (x) the Issuer and the Guarantors may, if permitted by current interpretations by the Staff, file requirement that an Initial Purchaser deliver a post-effective amendment to the Exchange Offer Registration Statement Prospectus containing the information required by Items Item 507 and/or and 508 of Regulation S-K under the Act in connection with sales of New Securities Act, as applicable, acquired in satisfaction exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of its obligations under this Section 3(a) with respect thereto, and any such New Securities acquired in the Registered Exchange Offer Registration Statement, in exchange for Securities acquired as so amended, a result of market-making activities or other trading activities shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined not result in Rule 405 under the such New Securities Actbeing not "freely tradeable"), the Issuer and the Guarantors Company shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until the Securities covered by the Shelf Registration Statement cease to be Registrable Securities (such period being called the “Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in effect a Shelf Registration Statement or any free writing prospectus, make any other filing in accordance with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action subsection (collectively, “Suspension Actions”b) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)below.

Appears in 1 contract

Samples: Registration Rights Agreement (Polyone Corp)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission’s staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 240 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities constituting any portion of an unsold allotment that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially its reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder and completes the questionnaire attached to Annex E hereto and a Notice of Transfer in the form of Annex F hereto; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the “Shelf Registration Period”). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (WMC Olympic Dam Corp Pty LTD)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer Commission’s staff, the Issuers and the Guarantors determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 300 days of the Target Registration Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Holder notifies the Company within 20 Business Days after the commencement of the Registered Exchange Offer or, that (A) due to a change in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities law or (iv) any Holder (other than an Initial Purchaser) Commission policy it is not eligible entitled to participate in the Registered Exchange Offer, (B) due to a change in applicable law or Commission policy it may not resell the following provisions New Securities to be acquired by it in the Registered Exchange Offer to the public without delivering a prospectus and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder or (C) it is a broker-dealer and owns Registrable Securities acquired directly from the Company or an affiliate of the Company; or (iv) in the case of the Initial Purchasers that participate in the Registered Exchange Offer or acquire New Securities pursuant to Section 2(f) hereof, an Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment and notifies the Company within 20 Business Days after the commencement of the Registered Exchange Offer (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall apply: result in such New Securities being not “freely tradeable”; and (ay) The Issuer the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the Issuers and the Guarantors shall, as promptly as practicablepracticable file and use their commercially reasonable efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below. (i) The Issuers and the Guarantors shall, if required by subsection (a) above, as promptly as practicable use their commercially reasonable efforts to file with the Commission, and, thereafter, Commission and shall use their commercially reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under Act within the Securities Act, otherwise designate an existing registration statement filed with (x) later of 300 days of the Commission asClosing Date or (y) 90 days after such filing obligation arises pursuant to subsection (a) above, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Issuers and the Guarantors may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Issuers and the Guarantors shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such period being called case, the “Shelf Registration Period”). The Issuer Issuers and the Guarantors shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is otherwise taken by such party the Issuers and the Guarantors in good faith and for valid business reasons (not including avoidance of the each Issuer’s and each Guarantors’ obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer assets and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer Issuers and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Affinity Gaming, LLC)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Issuer and the Guarantors determine determines upon advice of their outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 270 days of the Target Registration Closing Date, ; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Exchange Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires Exchange Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable Exchange Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of Exchange Securities acquired in exchange for such Securities shall result in such Exchange Securities being not "freely tradeable;" and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Securities being not "freely tradeable"), the following provisions Issuer shall apply: (a) The Issuer file and the Guarantors shall, as promptly as practicable, file with the Commission, and, thereafter, shall use their commercially its reasonable best efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below. (i) The Issuer shall use its reasonable best efforts to as promptly as practicable file with the Commission and shall use its reasonable best efforts to cause to be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 270 days, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the Exchange Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Exchange Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period from the date the Shelf Registration Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date, (B) the date upon which all the Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”Statement or (C) the date upon which the Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement become eligible for resale, without regard to volume, manner of sale or other restrictions contained in Rule 144 under the Act pursuant to paragraph (k) thereof (in any such case, the "SHELF REGISTRATION PERIOD"). The Issuer and the Guarantors shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is otherwise taken by such party the Issuer in good faith and for valid business reasons (not including avoidance of the Issuer's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer assets and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (BCP Crystal Holdings Ltd. 2)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on within 210 days of the date hereof; or prior to the Target Registration Date, (iii) any Initial Purchaser so requests requests, within 20 days after the consummation of the Registered Exchange Offer, with respect to Original Securities Notes that are not eligible to be exchanged for New Securities Notes in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities ; or (iv) any Holder (other than an Initial Purchaser) who notifies the Company within 20 days after the consummation of the Registered Exchange Offer that it is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer, such Initial Purchaser does not receive freely tradeable New Notes in exchange for Notes constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Securities Act in connection with sales of New Notes acquired in exchange for such Notes shall result in such New Notes being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such New Notes being not "freely tradeable"), the following provisions Company and the Guarantor shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer Company and the Guarantors shall, Guarantor shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable SecuritiesNotes or the New Notes, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Notes held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities Notes received by an Initial Purchaser in exchange for Original Securities Notes constituting any portion of an unsold allotment, the Issuer Company and the Guarantors Guarantor may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer Company and the Guarantors Guarantor shall use their commercially reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Securities Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the Securities date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Notes or New Notes, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer Company and the Guarantors Guarantor shall be deemed not to have used their commercially reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company and the Guarantor in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer Company's and the Guarantors Guarantor's obligations hereunder), including the acquisition or divestiture of assets, so long as the Issuer Company and the Guarantors Guarantor promptly thereafter comply with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Harrahs Entertainment Inc)

Shelf Registration. If (a) If: (i) due to any change in law or applicable interpretations thereof by the Issuer and staff of the Guarantors determine Commission, the Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 210 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and To the Guarantors shallextent not prohibited by any applicable law or applicable interpretation of the Staff of the Commission, the Company shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3, such day being a "Filing Deadline"), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable its best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate Act within 180 days after so requested or required pursuant to this Section 3 (such day being an existing registration statement filed with the Commission as, "Effectiveness Deadline") a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years (or such shorter period as may hereafter be provided in Rule 144(k) under the Securities Act) from the date of the original issuance of the Securities or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law, or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Xcel Energy Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors Issuers determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 210 days of the Target Registration Date, date hereof; (iii) any either Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the event that either Initial Purchaser participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof and such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Issuers shall as promptly as practicablepracticable (but in no event more than 45 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and shall use their respective commercially reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission asAct within 180 days after so required or requested, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided, further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Issuers may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Issuers shall use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until (A) the second anniversary thereof or (B) the date upon which all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities (such period being called the Shelf Registration Period”)Statement. The Issuer and the Guarantors Issuers shall be deemed not to have used their commercially reasonable efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the any Issuer and the Guarantors voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Issuers in good faith and for valid business reasons (not including avoidance of the Issuers' obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(k)(ii) hereof, if applicable. (ciii) The Issuer and Issuers shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice light of the delay or suspension (but circumstances under which they were made) not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (M I Homes Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof; or applicable interpretations of the Staff, (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to within 180 days of the Target Registration Date, date hereof; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially its reasonable best efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement; PROVIDED, howeverHOWEVER, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and PROVIDED FURTHER, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the “Shelf Registration Period”"SHELF REGISTRATION PERIOD"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (ciii) The Issuer and Company shall cause the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus such amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the Issuer rules and the Guarantors determine that disclosure at such time is not in the best interests regulations of the Issuer Commission; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein, in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any light of the conditions described in the foregoing sentencecircumstances under which they were made, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof)misleading.

Appears in 1 contract

Samples: Registration Rights Agreement (Marsh & McLennan Companies Inc)

Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Issuer Commission or its staff, the Co-Issuers and the Guarantors determine upon advice of their outside counsel that a they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Registered Exchange Offer is not consummated on or within 40 days of the date of the effectiveness of the Exchange Offer Registration Statement; (iii) prior to the Target Registration Date, 20th day following consummation of the Registered Exchange Offer (iiiA) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities Offer or (ivB) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer (other than by reason of such Holder being an Affiliate of either of the Co-Issuers); or (iv) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Securities Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not “freely tradeable”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not “freely tradeable”), the following provisions shall apply: (a) The Issuer Co-Issuers and the Guarantors shallshall effect, at their cost, a Shelf Registration Statement in accordance with subsection (b) below. (i) The Co-Issuers and the Guarantors shall as promptly as practicablepracticable (but in no event prior to the 30th day following delivery from the Co-Issuers’ independent auditors of their audit report covering their consolidated financial statements for the year ending January 31, 2006), file with the Commission, and, thereafter, shall use their commercially reasonable efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, thatthat no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer Co-Issuers and the Guarantors may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its their obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement . (as defined in Rule 405 under the Securities Actii) Subject to Section 4(c), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer Co-Issuers and the Guarantors shall use their commercially reasonable respective best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Securities Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period (the “Shelf Registration Period”) from the date the Shelf Registration Statement is declared effective by the Commission until the Securities earliest of (A) two years from the Issue Date (or until one year from the effective date of the Shelf Registration Statement if the Shelf Registration Statement is filed at the request of the Initial Purchasers), (B) the date upon which all the Securities, covered by the Shelf Registration Statement cease have been sold or distributed pursuant to be Registrable Securities (such period being called the Shelf Registration Period”)Statement or (C) the date on which all the Securities are disposed of in accordance herewith. The Issuer Co-Issuers and the Guarantors shall be deemed not to have used their commercially respective reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors they voluntarily take any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law or (ii) such action is taken otherwise undertaken by such party the Co-Issuers and the Guarantors in good faith and for valid business reasons (not including avoidance of the Co-Issuers’ or the Guarantor’s obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply with the requirements of (y) permitted pursuant to Section 5(k4(j)(ii) hereof, if applicable. (ciii) The Issuer Co-Issuers and the Guarantors shall be entitled to suspend their obligation to file any cause the Shelf Registration Statement and the related Prospectus and any amendment or amendment supplement thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with as of the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in date of the Shelf Registration Statement or Prospectus and such amendment or supplement, (A) to comply in all material respects with the Issuer and the Guarantors determine that disclosure at such time is not in the best interests applicable requirements of the Issuer Securities Act; and its stockholders (B) not to contain any untrue statement of a material fact or if obtaining any financial statements relating omit to any such acquisition or business combination state a material fact required to be included stated therein or necessary in order to make the statements therein (in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any case of the conditions described Prospectus, in the foregoing sentence, light of the Issuer circumstances under which they were made) not misleading (it being understood that the Co-Issuers and the Guarantors shall give prompt notice not be responsible for any information provided by or on behalf of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Dollarama CORP)

Shelf Registration. If If, (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Issuer and the Guarantors determine determines upon advice of outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law hereof, or applicable interpretations of the Staff, (ii) if for any other reason the Registered Exchange Offer is not consummated on within 180 days after the date of original issuance of the Securities, or prior to the Target Registration Date, (iii) any Initial Purchaser so requests with respect to Original Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or (iv) if any Holder (other than an Initial Purchaser) is not eligible under U.S. state or federal securities laws to participate in the Registered Exchange OfferOffer (other than because such Holder is unable or unwilling to make the representation set forth in Rider B to Annex D hereto) or (iv) any Initial Purchaser that holds any Securities 5 constituting any portion of an unsold allotment or otherwise acquired by such Initial Purchaser in connection with the Initial Placement (or any New Securities issued in exchange therefor in the Registered Exchange Offer to such Initial Purchaser) so requests (it being understood that, for purposes of this Section 3, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions shall apply: (a) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially take all reasonable efforts steps to cause to become be declared effective under the Securities Act, or, if permitted Act by Rule 430B under the 180th day after the original issuance of the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, that, that with respect to New Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its their obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless ; provided, further, that the Company and the Issuer shall not be required to file more than one Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Actpursuant to this Agreement. (b) The Issuer and the Guarantors Company shall use their commercially take all reasonable efforts steps to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders for a period from the date of its effectiveness until (i) two years from the Issue Date, (ii) if such Shelf Registration Statement is filed at the request of an Initial Purchaser, one year from the Issue Date, or (iii) if applicable, such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially taken all reasonable efforts steps to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors either of them voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law law, or (ii) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Issuer's or the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (PTC International Finance Holding B V)

Shelf Registration. (a) If (i) due to any change in law or ------------------ applicable interpretations thereof by the Issuer and Commission's staff, the Guarantors determine Company determines upon advice of its outside counsel that a it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities for exchange because it would violate any applicable law or applicable interpretations of the Staff, hereof; (ii) for any other reason the Exchange Offer Registration Statement is not declared effective within 165 days of the date of original issuance of the Securities or the Registered Exchange Offer is not consummated on or prior to within 45 days after the Target date the Exchange Offer Registration Date, Statement is declared effective under the Act; (iii) any Initial Purchaser so requests with respect to Original Securities that are not eligible to be exchanged for New Securities in a the Registered Exchange Offer or, in and that are held by it following consummation of the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities or ; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange OfferOffer or does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such Holder being an Affiliate of the Company; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Item 507 or 508 of Regulation S-K under the Act in connection with sales of New Securities acquired in exchange for such Securities shall result in such New Securities being not "freely tradeable"; and (y) the requirement that an Exchanging Dealer deliver an Exchange Offer Prospectus in connection with sales of New Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not result in such New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below. (ai) The Issuer and the Guarantors shall, Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission, and, thereafter, Commission and thereafter shall use their commercially reasonable efforts to cause to become be declared effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, Act a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities or the New Securities, as applicable, by the applicable Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, that-------- ------- that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to New -------- ------- Securities received by an Initial Purchaser in exchange for Original Securities constituting any portion of an unsold allotment, the Issuer and the Guarantors Company may, if permitted by current interpretations by the StaffCommission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities ActK, as applicable, in satisfaction of its obligations under this Section 3(a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (bii) The Issuer and the Guarantors Company shall use their commercially reasonable its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders until for a period of two years from the date the Shelf Registration Statement is declared effective by the Commission or such shorter period that will terminate when all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement cease have been sold pursuant to be Registrable Securities the Shelf Registration Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Guarantors Company shall be deemed not to have used their commercially reasonable its best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period requisite period if the Issuer and the Guarantors it voluntarily take takes any action that would result in Holders of securities Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law law; or (iiB) such action is taken by such party the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors Company promptly thereafter comply complies with the requirements of Section 5(k4(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their obligation to file any Shelf Registration Statement or amendment thereto, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine that disclosure at such time is not in the best interests of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Vintage Petroleum Inc)

Shelf Registration. If (i) the Issuer and the Guarantors determine determines upon advice of outside counsel that a Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Securities Notes for exchange because it would violate any applicable law or applicable interpretations of the StaffCommission’s staff, or (ii) for any other reason the Registered Exchange Offer is not consummated on or prior to the Target Registration Date, or (iii) any Initial Purchaser so requests with respect to Original Securities Notes not eligible to be exchanged for New Securities Notes in a Registered Exchange Offer (or any New Notes received pursuant to Section 2(g)) or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradable New Securities Notes, or (iv) any Holder (other than an Initial a Purchaser) is not eligible to participate in the Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Notes in exchange for tendered Original Notes, other than by reason of such Holder being an affiliate of the Issuer within the meaning of the Securities Act (it being understood that, for purposes of this Section 3, (1) the requirement that a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of New Notes acquired in exchange for such Original Notes shall result in such New Notes being not “freely tradeable,” but (2) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of New Notes acquired in the Registered Exchange Offer in exchange for Original Notes acquired as a result of market-making activities or other trading activities shall not result in such New Notes being not “freely tradeable”), the following provisions shall apply: (a) The Issuer and the Guarantors shall, shall as promptly as practicable, practicable file with the Commission, and, thereafter, Commission and thereafter shall use their commercially its reasonable best efforts to cause to become effective under the Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission as, a Shelf Registration Statement relating to the offer and sale of the applicable Registrable Securities, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement; provided, however, that, with respect to New Securities Notes received by an Initial a Purchaser in exchange for Original Securities Notes constituting any portion of an unsold allotment, the Issuer and the Guarantors may, if permitted by current interpretations by the StaffCommission’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities ActItems 507 and/or 508, as applicable, in satisfaction of its obligations under this Section 3(aparagraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and the Guarantors shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act. (b) The Issuer and the Guarantors shall use their commercially its reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders until the Securities Notes covered by the Shelf Registration Statement cease to be Registrable Securities (such period being called the “Shelf Registration Period”). The Issuer and the Guarantors shall be deemed not to have used their commercially its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Registration Period if the Issuer and the Guarantors voluntarily take takes any action that would result in Holders of securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii) such action is taken by such party in good faith and for valid business reasons (not including avoidance of the obligations of the Issuer and the Guarantors hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Guarantors promptly thereafter comply complies with the requirements of Section 5(k) hereof, if applicable. (c) The Issuer and the Guarantors shall be entitled to suspend their its obligation to file any amendment to a Shelf Registration Statement or amendment theretoStatement, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Securities and Exchange Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus to remain usable or take any similar action (collectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer and the Guarantors determine determines that such disclosure at such time is not in the best interests interest of the Issuer and its stockholders or if obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any of the conditions described in the foregoing sentence, the Issuer and the Guarantors shall give prompt notice of the delay or suspension (but not the basis thereof) to the Holders. Upon the termination or disclosure of such condition, the Issuer and the Guarantors shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).

Appears in 1 contract

Samples: Registration Rights Agreement (Jackson Financial Inc.)

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