Common use of Temporary Cessation of Offers and Sales by Purchaser Clause in Contracts

Temporary Cessation of Offers and Sales by Purchaser. The Purchaser acknowledges that there may occasionally be times when the Subsidiary Company may be required to suspend the use of the prospectus forming part of the Registration Statement (a "Suspension") until such time as an amendment to the Registration Statement has been filed by the Company and declared effective by the Commission, until the prospectus is supplemented or amended to comply with the Securities Act, or until such time as the Subsidiary Company has filed an appropriate report with the Commission pursuant to the Exchange Act. The Subsidiary Company agrees to file any necessary amendments, supplements and reports as soon as practicable under the circumstances. The Subsidiary Company agrees to use its best efforts to cause a Suspension to be lifted within 10 business days during which time Purchaser agrees that it will not sell any shares of Common Stock pursuant to such prospectus.

Appears in 5 contracts

Samples: Stock Securities Purchase Agreement (Commodore Environmental Services Inc /De/), Stock Securities Purchase Agreement (Commodore Environmental Services Inc /De/), Stock Securities Purchase Agreement (Commodore Environmental Services Inc /De/)

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