Common use of Suspension of Shelf Registration Statement Clause in Contracts

Suspension of Shelf Registration Statement. The Company's obligation to keep the Shelf Registration Statement effective and usable for offers and sales of the Notes and Exchange Notes may be suspended by the Company in good faith for valid business reasons, including, without limitation, a pending acquisition or divestiture of assets. Any such period during which the Company fails to keep the Shelf Registration Statement effective and usable for offers and sales of Notes and Exchange Notes is referred to as a "Suspension Period." A Suspension Period shall commence on and include the date that the Company gives notice that the Shelf Registration Statement is no longer effective or the prospectus included therein is no longer usable for offers and sales of Notes and Exchange Notes and shall end on the date when each Holder of Notes and Exchange Notes covered by such registration statement either receives the copies of the supplemented or amended prospectus contemplated by Section 3(c) hereof or is advised in writing by the Company that use of the prospectus may be resumed; provided that no Suspension Period shall exceed 90 days in any period of 365 consecutive days.

Appears in 2 contracts

Samples: Registration Rights Agreement (Capstar Broadcasting Partners Inc), Registration Rights Agreement (Capstar Radio Broadcasting Partners Inc)

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Suspension of Shelf Registration Statement. The Company's Issuers' obligation to keep the Shelf Registration Statement effective and usable for offers and sales of the Notes and Exchange Notes Registrable Securities may be suspended by the Company Issuers in good faith for valid business reasons, including, without limitation, a pending acquisition or divestiture of assets. Any such period during which the Company fails Issuers fail to keep the Shelf Registration Statement effective and usable for offers and sales of Notes and Exchange Notes Registrable Securities is referred to as a "Suspension Period." A Suspension Period shall commence on and include the date that the Company gives Issuers give notice that the Shelf Registration Statement is no longer effective or the prospectus included therein is no longer usable for offers and sales of Notes and Exchange Notes the Registrable Securities and shall end on the date when each Holder of Notes and Exchange Notes Registrable Securities covered by such registration statement either receives the copies of the supplemented or amended prospectus contemplated by Section 3(c) hereof or is advised in writing by the Company Issuers that the use of the prospectus may be resumed; provided provided, that no Suspension Period any such suspension shall exceed 90 days in any period not prevent the accrual of 365 consecutive daysAdditional Interest.

Appears in 1 contract

Samples: Registration Rights Agreement (Natg Holdings LLC)

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Suspension of Shelf Registration Statement. The Company's Issuers' ------------------------------------------ obligation to keep the Shelf Registration Statement effective and usable for offers and sales of the Notes and Exchange Notes Registrable Securities may be suspended by the Company Issuers in good faith for valid business reasons, including, without limitation, a pending acquisition or divestiture of assets. Any such period during which the Company fails Issuers fail to keep the Shelf Registration Statement effective and usable for offers and sales of Notes and Exchange Notes Registrable Securities is referred to as a "Suspension Period." A Suspension Period shall commence on and include the date that the Company gives notice that the Shelf Registration Statement is no longer effective or the prospectus included therein is no not longer usable for offers and sales of Notes and Exchange Notes the Registrable Securities and shall end on the date when each Holder of Notes and Exchange Notes Registrable Securities covered by such registration statement either receives the copies of the supplemented or amended prospectus contemplated by Section 3(c) hereof or is advised in writing by the Company that the use of the prospectus may be resumed; provided that no Suspension Period shall exceed 90 60 -------- days in any period of 365 consecutive days.

Appears in 1 contract

Samples: Registration Rights Agreement (Building One Services Corp)

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