Common use of Supplements and Amendments to Prospectus Clause in Contracts

Supplements and Amendments to Prospectus. If at any time during the term of this Broker-Dealer Agreement any event or condition known to the Corporation relating to or affecting the Issuer or its properties, the Bonds, the Indenture, or the documents or transactions contemplated thereby, shall occur which, in the reasonable judgment of the Corporation or the Broker-Dealer, might affect the accuracy, correctness or completeness of any statement of a material fact contained in the Prospectus, as it shall have been supplemented or amended from time to time pursuant to this Section or included in any report or notice filed by the Issuer (each, a “Disclosure Statement”) pursuant to the undertaking entered into by the Issuer pursuant to the requirements of Rule 15c2-12 of the Securities and Exchange Commission (the “Continuing Disclosure Undertaking”) which in the reasonable judgment of the Corporation, or BD might result in the Prospectus, as so supplemented or amended, containing any untrue, incorrect or misleading statement of material fact or omitting to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which they were made, not misleading, then: (a) the Corporation and the Issuer (as to events or conditions relating to itself and otherwise of which it becomes aware) shall promptly notify BD of the circumstances and details of such event; (b) if, in the opinion of BD, such event or condition requires the preparation and publication of an amendment or supplement to the Prospectus, the Corporation at its expense shall promptly prepare or cause to be prepared an appropriate amendment or supplement thereto, in a form and manner approved by BD, so that the statements in the Prospectus, as so amended or supplemented, will not contain any untrue, incorrect or misleading statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which they were made, not misleading; and (c) the Corporation and the Issuer shall take all necessary action to approve such supplement or amendment.

Appears in 8 contracts

Samples: Broker Dealer Agreement (National Collegiate Student Loan Trust 2007-3), Broker Dealer Agreement (National Collegiate Student Loan Trust 2007-3), Broker Dealer Agreement (National Collegiate Student Loan Trust 2007-4)

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Supplements and Amendments to Prospectus. If at any time during the term of this Broker-Dealer Agreement any event or condition known to the Corporation Fund relating to or affecting the Issuer Fund or its properties, the BondsAMPS, the IndentureStatement of Preferences, or the documents or transactions contemplated thereby, shall occur which, in the reasonable judgment of the Corporation Fund or the Broker-Dealer, might affect the accuracy, correctness or completeness of any statement of a material fact contained in the ProspectusProspectus (during such period in which the Prospectus shall be required to be delivered to purchasers of the AMPS under the Securities Act of 1933, as amended),, as it shall have been supplemented or amended from time to time pursuant to this Section or included in any report or notice filed by the Issuer Fund (each, a “Disclosure Statement”) pursuant to the undertaking entered into by the Issuer Fund pursuant to the requirements of Rule 15c2-12 of the Securities and Exchange Commission (the “Continuing Disclosure Undertaking”) which in the reasonable judgment of the Corporation, Fund or BD might result in the ProspectusProspectus (during such delivery period), as so supplemented or amended, containing any untrue, incorrect or misleading statement of material fact or omitting to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which they were made, not misleading, then: (a) the Corporation and the Issuer Fund (as to events or conditions relating to itself and otherwise of which it becomes aware) shall promptly notify BD of the circumstances and details of such event; (b) if, in the opinion of BD, such event or condition requires the preparation and publication of an amendment or supplement to the Prospectus, the Corporation Fund at its expense shall promptly prepare or cause to be prepared an appropriate amendment or supplement thereto, in a form and manner approved by BD, so that the statements in the Prospectus, as so amended or supplemented, will not contain any untrue, incorrect or misleading statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which they were made, not misleading; and (c) the Corporation and the Issuer Fund shall take all necessary action to approve such supplement or amendment.

Appears in 1 contract

Samples: Broker Dealer Agreement (Advent/Claymore Global Convertible Securities & Income Fund)

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Supplements and Amendments to Prospectus. If at any time during the term of this Broker-Dealer Agreement any event or condition known to the Corporation Fund relating to or affecting the Issuer Fund or its properties, the BondsAMPS, the IndentureAuthorizing Document, or the documents or transactions contemplated thereby, shall occur which, in the reasonable judgment of the Corporation Fund or the Broker-Dealer, might affect the accuracy, correctness or completeness of any statement of a material fact contained in the ProspectusProspectus (during such period in which the Prospectus shall be required to be delivered to purchasers of the AMPS under the Securities Act of 1933, as amended), as it shall have been supplemented or amended from time to time pursuant to this Section or included in any report or notice filed by the Issuer Fund (each, a “Disclosure Statement”) pursuant to the undertaking entered into by the Issuer Fund pursuant to the requirements of Rule 15c2-12 of the Securities and Exchange Commission (the “Continuing Disclosure Undertaking”) which in the reasonable judgment of the Corporation, Fund or BD might result in the ProspectusProspectus (during such delivery period), as so supplemented or amended, containing any untrue, incorrect or misleading statement of material fact or omitting to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which they were made, not misleading, then: (a) the Corporation and the Issuer Fund (as to events or conditions relating to itself and otherwise of which it becomes aware) shall promptly notify BD of the circumstances and details of such event; (b) if, in the opinion of BD, such event or condition requires the preparation and publication of an amendment or supplement to the Prospectus, the Corporation Fund at its expense shall promptly prepare or cause to be prepared an appropriate amendment or supplement thereto, in a form and manner approved by BD, so that the statements in the Prospectus, as so amended or supplemented, will not contain any untrue, incorrect or misleading statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which they were made, not misleading; and (c) the Corporation and the Issuer Fund shall take all necessary action to approve such supplement or amendment.

Appears in 1 contract

Samples: Broker Dealer Agreement (Cohen & Steers Global Income Builder, Inc)

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