REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement |
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AIRGAS CARBONIC, INC | AIRGAS DATA, LLC | AIRGAS MERCHANT GASES, LLC | AIRGAS MERCHANT HOLDINGS, INC | AIRGAS-NORTHERN CALIFORNIA & NEVADA, INC | AIRGAS-SOUTH, INC | AIRGAS-SOUTHWEST, INC | AIRGAS-WEST, INC | Banc of America Securities LLC | Barclays Capital Inc | BNY Mellon Capital Markets, LLC | Calyon Securities (USA) Inc | Daiwa Securities America Inc | Goldman, Sachs & Co | Greenwich Capital Markets, Inc | JPMorgan Securities Inc | MISSOURI RIVER HOLDINGS, INC | Mizuho Securities USA Inc | NatCity Investments, Inc | NATIONAL WELDERS SUPPLY COMPANY, INC | NITROUS OXIDE CORP | PNC Capital Markets LLC | RED-D-ARC, INC | Scotia Capital USA Inc | Scott & Stringfellow, Inc | SunTrust Robinson Humphrey, Inc | Wachovia Capital Markets, LLC | WORLD WIDE WELDING, INC. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Registration Rights Agreement by:
Exhibit 4.2
REGISTRATION RIGHTS AGREEMENT
by
and among
Airgas, Inc.,
the Guarantors party hereto
the Guarantors party hereto
and
Banc of America Securities LLC
Goldman, Sachs & Co.
JPMorgan Securities Inc.
BNY Mellon Capital Markets, LLC
BB&T Capital Markets, a division of Scott & Stringfellow, Inc.
Barclays Capital Inc.
Wachovia Capital Markets, LLC
Mitsubishi UFJ Securities International plc
Calyon Securities (USA) Inc.
PNC Capital Markets LLC
Scotia Capital USA Inc.
Mizuho Securities USA Inc.
NatCity Investments, Inc.
Daiwa Securities America Inc.
SunTrust Robinson Humphrey, Inc.
Greenwich Capital Markets, Inc.
Goldman, Sachs & Co.
JPMorgan Securities Inc.
BNY Mellon Capital Markets, LLC
BB&T Capital Markets, a division of Scott & Stringfellow, Inc.
Barclays Capital Inc.
Wachovia Capital Markets, LLC
Mitsubishi UFJ Securities International plc
Calyon Securities (USA) Inc.
PNC Capital Markets LLC
Scotia Capital USA Inc.
Mizuho Securities USA Inc.
NatCity Investments, Inc.
Daiwa Securities America Inc.
SunTrust Robinson Humphrey, Inc.
Greenwich Capital Markets, Inc.
Dated
as of June 10, 2008
REGISTRATION RIGHTS AGREEMENT
This Registration Rights Agreement
(this “Agreement”) is made and entered into as of
June 10, 2008, by and among Airgas, Inc., a Delaware
corporation (the “Company”), the guarantors listed on
Schedule I hereto (collectively, the
“Guarantors”), and the several initial purchasers
listed on Schedule II hereto (collectively, the “Initial
Purchasers”), each of whom has agreed to purchase the
Company’s 7.125% Senior Subordinated Notes due 2018 (the
“Notes”), which are fully and unconditionally
guaranteed by the Guarantors (the “Guarantees”),
pursuant to the Purchase Agreement (as defined below). The Notes
and the Guarantees attached thereto are herein collectively
referred to as the “Securities.”
This Agreement is made pursuant to
the Purchase Agreement, dated June 5, 2008 (the
“Purchase Agreement”), among the Company, the
Guarantors and the Initial Purchasers (i) for the benefit of
the Initial Purchasers and (ii) for the benefit of the holders
from time to time of Transfer Restricted Securities, including the
Initial Purchasers. In order to induce the Initial Purchasers to
purchase the Securities, the Company has agreed to provide the
registration rights set forth in this Agreement. The execution and
delivery of this Agreement is a condition to the obligations of the
Initial Purchasers set forth in Section 5(j) of the Purchase
Agreement.
The parties hereby agree as
follows:
SECTION 1. Definitions. As
used in this Agreement, the following capitalized terms shall have
the following meanings:
Additional Interest: As
defined in Section 5 hereof.
Advice: As defined in Section
6(c) hereof.
Broker-Dealer: Any broker or
dealer registered under the Exchange Act.
Business Day: Any day other
than a Saturday, Sunday or U.S. federal holiday or a day on which
banking institutions or trust companies located in New York, New
York are authorized or obligated to be closed.
Closing Date: The date of
this Agreement.
Commission: The Securities
and Exchange Commission.
Company : As defined in the
preamble hereto.
Consummate: A registered
Exchange Offer shall be deemed “Consummated” for
purposes of this Agreement upon the occurrence of (i) the
filing and effectiveness under the Securities Act of the Exchange
Offer Registration Statement relating to the Exchange Securities to
be issued in the Exchange Offer, (ii) the maintenance of such
Registration Statement continuously effective and the keeping of
the Exchange Offer open for a period not less than the minimum
period required pursuant to Section 3(b) hereof, and (iii) the
delivery by the Company to the Registrar under the Indenture of
Exchange Securities in the same aggregate principal amount as
the
aggregate principal amount of Transfer Restricted Securities that
were tendered by Holders thereof pursuant to the Exchange
Offer.
Exchange Act: The Securities
Exchange Act of 1934, as amended.
Exchange Date: As defined in
Section 3(a) hereto.
Exchange Offer: The
registration by the Company under the Securities Act of the
Exchange Securities pursuant to a Registration Statement pursuant
to which the Company offers the Holders of all outstanding Transfer
Restricted Securities the opportunity to exchange all such
outstanding Transfer Restricted Securities held by such Holders for
Exchange Securities in an aggregate principal amount equal to the
aggregate principal amount of the Transfer Restricted Securities
tendered in such exchange offer by such Holders.
Exchange Offer Registration
Statement: The Registration Statement relating to the Exchange
Offer, including the related Prospectus.
Exchange Securities: The
7.125 % Senior Subordinated Notes due 2018, of the same series
under the Indenture as the Notes and the Guarantees attached
thereto, to be issued to Holders in exchange for Transfer
Restricted Securities pursuant to this Agreement.
FINRA: Financial Industry
Regulatory Authority, Inc.
Freely Tradable: Means, with
respect to a Security, a Security that at any time of determination
(i) may be sold to the public in accordance with Rule 144
under the Securities Act (“Rule 144”) by a person
that is not an “affiliate” (as defined in Rule 144
under the Securities Act) of the Company where no conditions of
Rule 144 are then applicable (other than the holding period
requirement in paragraph (d)(1)(ii) of Rule 144 so long as
such holding period requirement is satisfied at such time of
determination) and (ii) does not bear any restrictive legends
relating to the Securities Act.
Guarantees : As defined in
the preamble hereto.
Guarantors : As defined in
the preamble hereto.
Holder: As defined in Section
2(b) hereof.
Indemnified Holder: As
defined in Section 8(a) hereof.
Indenture: The Indenture,
dated as of June 10, 2008, by and among the Company, the
Guarantors and The Bank of New York, as trustee (the
“Trustee”), pursuant to which the Securities are to be
issued, as such Indenture is amended or supplemented from time to
time in accordance with the terms thereof.
Initial Purchasers: As
defined in the preamble hereto.
Initial Placement: The
issuance and sale by the Company of the Securities to the Initial
Purchasers pursuant to the Purchase Agreement.
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Notes : As defined in the
preamble hereto.
Person: An individual,
partnership, corporation, trust or unincorporated organization, or
a government or agency or political subdivision thereof.
Prospectus: The prospectus
included in a Registration Statement, as amended or supplemented by
any prospectus supplement and by all other amendments thereto,
including post-effective amendments, and all material incorporated
by reference into such Prospectus.
Registration Default: As
defined in Section 5 hereof.
Registration Statement: Any
registration statement of the Company relating to (a) an
offering of Exchange Securities pursuant to an Exchange Offer or
(b) the registration for resale of Transfer Restricted
Securities pursuant to the Shelf Registration Statement, which is
filed pursuant to the provisions of this Agreement, in each case,
including the Prospectus included therein, all amendments and
supplements thereto (including post-effective amendments) and all
exhibits and material incorporated by reference therein.
Securities: As defined in the
preamble hereto.
Securities Act: The
Securities Act of 1933, as amended.
Shelf Filing Deadline: As
defined in Section 4(a) hereof.
Shelf Registration Statement:
As defined in Section 4(a) hereof.
Transfer Restricted
Securities: The Securities; provided that the Securities
shall cease to be Transfer Restricted Securities on the earliest to
occur of (i) the date on which a Registration Statement with
respect to such Securities has become effective under the
Securities Act and such Securities have been exchanged or disposed
of pursuant to such Registration Statement, (ii) the date on
which such Securities cease to be outstanding or (iii) the
date on which such Securities are Freely Tradable.
Trust Indenture Act: The
Trust Indenture Act of 1939, as amended.
Underwritten Registration or
Underwritten Offering: A registration in which securities of
the Company are sold to an underwriter for reoffering to the
public.
SECTION 2.
Securities Subject to this Agreement .
(a) Transfer Restricted
Securities. The securities entitled to the benefits of this
Agreement are the Transfer Restricted Securities.
(b) Holders of Transfer
Restricted Securities. A Person is deemed to be a holder of
Transfer Restricted Securities (each, a “Holder”)
whenever such Person owns Transfer Restricted Securities.
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SECTION 3.
Registered Exchange Offer .
(a) Unless the Exchange Offer
shall not be permissible under applicable law or Commission policy
(after the procedures set forth in Section 6(a) hereof have been
complied with), or there are no Transfer Restricted Securities
outstanding, each of the Company and the Guarantors shall (i) cause
to be filed with the Commission, a Registration Statement under the
Securities Act relating to the Exchange Securities and the Exchange
Offer, (ii) use its reasonable best efforts to cause such
Registration Statement to become effective, (iii) in
connection with the foregoing, file (A) all pre-effective
amendments to such Registration Statement as may be necessary in
order to cause such Registration Statement to become effective,
(B) if applicable, a post-effective amendment to such
Registration Statement pursuant to Rule 430A under the
Securities Act and (C) cause all necessary filings in
connection with the registration and qualification of the Exchange
Securities to be made under the state securities or blue sky laws
of such jurisdictions as are necessary to permit Consummation of
the Exchange Offer, and (iv) upon the effectiveness of such
Registration Statement, commence the Exchange Offer. Each of the
Company and the Guarantors shall use its reasonable best efforts to
Consummate the Exchange Offer not later than 365 days
following the Closing Date (or if such 365th day is not a Business
Day, the next succeeding Business Day) (the “Exchange
Date”); provided , however , that (x) the
Company and the Guarantors shall not be required to Consummate such
Exchange Offer if all of the Securities are Freely Tradable on or
before the Exchange Date and (y) if the Company believes in
good faith that the Securities will be Freely Tradable by the
Exchange Date, then it shall not be obligated to file the
Registration Statement referred to in clause (i) above prior
to the Exchange Date. The Exchange Offer, if required pursuant to
this Section 3(a), shall be on the appropriate form permitting
registration of the Exchange Securities to be offered in exchange
for the Transfer Restricted Securities and to permit resales of
Transfer Restricted Securities held by Broker-Dealers as
contemplated by Section 3(c) hereof.
(b) If an Exchange Offer
Registration Statement is required to be filed and declared
effective pursuant to Section 3(a) above, the Company and the
Guarantors shall cause the Exchange Offer Registration Statement to
be effective continuously and shall keep the Exchange Offer open
for a period of not less than the minimum period required under
applicable federal and state securities laws to Consummate the
Exchange Offer; provided, however , that in no event shall
such period be less than 20 Business Days after the date notice of
the Exchange Offer is mailed to the Holders. The Company shall
cause the Exchange Offer to comply with all applicable federal and
state securities laws. No securities other than the Exchange
Securities shall be included in the Exchange Offer Registration
Statement. The Company shall use its reasonable best efforts to
cause the Exchange Offer to be Consummated by the Exchange Date;
provided , however , that the Company and the
Guarantors shall not be required to Consummate the Exchange Offer
if all of the Securities are Freely Tradable on or before the
Exchange Date.
(c) The Company shall indicate
in a “Plan of Distribution” section contained in the
Prospectus forming a part of the Exchange Offer Registration
Statement that any Broker-Dealer who holds Transfer Restricted
Securities that were acquired for its own account as a result of
market-making activities or other trading activities (other than
Transfer Restricted Securities acquired directly from the Company),
may exchange such Transfer Restricted Securities pursuant to the
Exchange Offer; however, such Broker-Dealer may be deemed to be an
“underwriter”
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within
the meaning of the Securities Act and must, therefore, deliver a
prospectus meeting the requirements of the Securities Act in
connection with any resales of the Exchange Securities received by
such Broker-Dealer in the Exchange Offer, which prospectus delivery
requirement may be satisfied by the delivery by such Broker-Dealer
of the Prospectus contained in the Exchange Offer Registration
Statement. Such “Plan of Distribution” section shall
also contain all other information with respect to such resales by
Broker-Dealers that the Commission may require in order to permit
such resales pursuant thereto, but such “Plan of
Distribution” shall not name any such Broker-Dealer or
disclose the amount of Transfer Restricted Securities held by any
such Broker-Dealer except to the extent required by the Commission
as a result of a change in policy after the date of this
Agreement.
Each of the Company and the
Guarantors shall use its reasonable best efforts to keep the
Exchange Offer Registration Statement continuously effective,
supplemented and amended as required by the provisions of Section
6(c) hereof to the extent necessary to ensure that it is available
for resales of Transfer Restricted Securities acquired by
Broker-Dealers for their own accounts as a result of market-making
activities or other trading activities, and to ensure that it
conforms with the requirements of this Agreement, the Securities
Act and the policies, rules and regulations of the Commission as
announced from time to time, for a period ending on the earlier of
(i) 180 days from the date on which the Exchange Offer
Registration Statement is declared effective and (ii) the date
on which a Broker-Dealer is no longer required to deliver a
prospectus in connection with market-making or other trading
activities.
The Company shall provide sufficient
copies of the latest version of such Prospectus to Broker-Dealers
promptly upon request at any time during such 180-day (or shorter
as provided in the foregoing sentence) period in order to
facilitate such resales.
Notwithstanding anything in this
Section 3 to the contrary, (x) the requirements to
Consummate the Exchange Offer shall terminate at such time as all
the Securities are Freely Tradable and (y) if the Company believes
in good faith that the Securities will be Freely Tradable on or
prior to the Exchange Date, then it shall not be obligated to file
the Registration Statement referred to in Section 3(a) above prior
to the Exchange Date.
SECTION 4.
Shelf Registration .
(a) Shelf Registration.
If (i) the Company is not required to file an Exchange Offer
Registration Statement or to consummate the Exchange Offer solely
because the Exchange Offer is not permitted by applicable law or
Commission policy (after the procedures set forth in Section 6(a)
hereof have been complied with), (ii) for any reason the
Exchange Offer is not Consummated by the Exchange Date and the
Securities are not all Freely Tradable prior to such time, or
(iii) prior to the Exchange Date: (A) the Initial
Purchasers request from the Company with respect to Transfer
Restricted Securities not eligible to be exchanged for Exchange
Securities in the Exchange Offer, (B) with respect to any
Holder of Transfer Restricted Securities such Holder notifies the
Company that (i) such Holder is prohibited by applicable law
or Commission policy from participating in the Exchange Offer,
(ii) such Holder may not resell the Exchange Securities
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 appropriate or
available for such resales by such Holder, or (iii) such
Holder is a Broker-Dealer and holds Transfer
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Restricted Securities acquired directly from the Company or one of
its affiliates or (C) in the case of any Initial Purchaser,
such Initial Purchaser notifies the Company it will not receive
Freely Tradable Exchange Securities in exchange for Transfer
Restricted Securities constituting any portion of such Initial
Purchaser’s unsold allotment, the Company and the Guarantors
shall
(x) cause to be filed a shelf
registration statement pursuant to Rule 415 under the
Securities Act, which may be an amendment to the Exchange Offer
Registration Statement (in either event, the “Shelf
Registration Statement”) as promptly as practicable after the
date such obligation arises but no earlier than the 365th day after
the Closing Date (or if such 365th day is not a Business Day, the
next succeeding Business Day) (such date being the “Shelf
Filing Deadline”), which Shelf Registration Statement shall
provide for resales of all Transfer Restricted Securities the
Holders of which shall have provided the information required
pursuant to Section 4(b) hereof; and
(y) use their reasonable best efforts
to cause such Shelf Registration Statement to be declared effective
by the Commission on or before the 30th day after the Shelf Filing
Deadline (or if such 30th day is not a Business Day, the next
succeeding Business Day).
Each of the Company and the
Guarantors shall use its reasonable best efforts to keep such Shelf
Registration Statement continuously effective, supplemented and
amended as required by the provisions of Sections 6(b) and
(c) hereof to the extent necessary to ensure that it is
available for resales of Transfer Restricted Securities by the
Holders of such Securities entitled to the benefit of this
Section 4(a), and to ensure that it conforms with the
requirements of this Agreement, the Securities Act and the
policies, rules and regulations of the Commission as announced from
time to time, from the date on which the Shelf Registration
Statement is declared effective by the Commission until the earlier
of the first anniversary of the effective date of the Shelf
Registration Statement and the date all Transfer Restricted
Securities covered by the Shelf Registration Statement have either
been sold as contemplated in the Shelf Registration Statement or
become Freely Tradable. Notwithstanding anything to the contrary,
the requirements to file a Shelf Registration Statement and to have
such Shelf Registration Statement become effective and remain
effective shall terminate at such time as all of the Securities are
Freely Tradable.
(b) Provision by Holders of
Certain Information in Connection with the Shelf Registration
Statement. No Holder of Transfer Restricted Securities may
include any of its Transfer Restricted Securities in any Shelf
Registration Statement pursuant to this Agreement unless and until
such Holder furnishes to the 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 Prospectus or preliminary Prospectus
included therein. Each Holder as to which any Shelf Registration
Statement is being effected agrees to furnish promptly to the
Company all information required to be disclosed in order to make
the information previously furnished to the Company by such Holder
not materially misleading.
SECTION 5. Additional
Interest. If any of the Securities are not Freely Tradable
Securities by the date that is 30 days following the Exchange
Date and either (i) the Exchange Offer has not been
Consummated by such date, (ii) any Shelf Registration
Statement, if required hereby, has not been declared effective by
the Commission by such date or (iii) any Registration
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Statement required by this Agreement has been declared effective
but ceases to be effective at any time at which it is required to
be effective under this Agreement (each such event referred to in
clauses (i) through (iii), a “Registration
Default”), the Company hereby agrees that the interest rate
borne by the Transfer Restricted Securities shall be increased by
0.25% per annum during the 90-day period immediately following the
occurrence of any Registration Default and shall increase by 0.25%
per annum at the end of each subsequent 90-day period (such
increase, “Additional Interest”), but in no event shall
such increase exceed 1.00% per annum. At the earlier of
(i) the cure of all Registration Defaults relating to the
particular Transfer Restricted Securities or (ii) the
particular Transfer Restricted Securities having become Freely
Tradable, the interest rate borne by the relevant Transfer
Restricted Securities will be reduced to the original interest rate
borne by such Transfer Restricted Securities; provided,
however, that, if after any such reduction in interest rate due
to the cure of a Registration Default, a different Registration
Default occurs, the interest rate borne by the relevant Transfer
Restricted Securities shall again be increased pursuant to the
foregoing provisions.
All obligations of the Company and
the Guarantors set forth in the preceding paragraph that are
outstanding with respect to any Transfer Restricted Security at the
time such security ceases to be a Transfer Restricted Security
shall survive until such time as all such obligations with respect
to such security shall have been satisfied in full.
SECTION 6.
Registration Procedures .
(a) Exchange Offer
Registration Statement. In connection with the Exchange Offer,
if required pursuant to Section 3(a) hereof, the Company and the
Guarantors shall comply with all of the provisions of Section 6(c)
hereof, shall use their reasonable best efforts to effect such
exchange to permit the sale of Transfer Restricted Securities being
sold in accordance with the intended method or methods of
distribution thereof, and shall comply with all of the following
provisions:
(i) If in the reasonable opinion of
counsel to the Company there is a question as to whether the
Exchange Offer is permitted by applicable law, each of the Company
and the Guarantors hereby agrees to seek a no-action letter or
other favorable decision from the Commission allowing the Company
and the Guarantors to Consummate an Exchange Offer for such
Transfer Restricted Securities. Each of the Company and the
Guarantors hereby agrees to pursue the issuance of such a decision
to the Commission staff level but shall not be required to take
commercially unreasonable action to effect a change of Commission
policy. Each of the Company and the Guarantors hereby agrees,
however, to (A) participate in telephonic conferences with the
Commission, (B) deliver to the Commission staff an analysis
prepared by counsel to the Company setting forth the legal bases,
if any, upon which such counsel has concluded that such an Exchange
Offer should be permitted and (C) diligently pursue a
favorable resolution by the Commission staff of such
submission.
(ii) As a condition to its
participation in the Exchange Offer pursuant to the terms of this
Agreement, each Holder of Transfer Restricted Securities shall
furnish, upon the request of the Company, prior to the Consummation
thereof, a written representation to the Company (which may be
contained in the letter of transmittal contemplated by the
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Exchange Offer
Registration Statement) to the effect that (A) it is not an
affiliate of the Company, (B) it is not engaged in, and does
not intend to engage in, and has no arrangement or understanding
with any Person to participate in, a distribution of the Exchange
Securities to be issued in the Exchange Offer and (C) it is
acquiring the Exchange Securities in its ordinary course of
business. In addition, all such Holders of Transfer Restricted
Securities shall otherwise cooperate in the Company’s
preparations for the Exchange Offer. Each Holder hereby
acknowledges and agrees that any Broker-Dealer and any such Holder
using the Exchange Offer to participate in a distribution of the
securities to be acquired in the Exchange Offer (1) could not
under Commission policy as in effect on the date of this Agreement
rely on the position of the Commission enunciated in Morgan
Stanley and Co., Inc. (available June 5, 1991) and
Exxon Capital Holdings Corporation (available May 13,
1988), as interpreted in the Commission’s letter to Shearman
& Sterling dated July 2, 1993, and similar no-action
letters (which may include any no-action letter obtained pursuant
to clause (i) above), and (2) must comply with the
registration and prospectus delivery requirements of the Securities
Act in connection with a secondary resale transaction and that such
a secondary resale transaction should be covered by an effective
registration statement containing the selling security holder
information required by Item 507 or 508, as applicable, of
Regulation S-K if the resales are of Exchange Securities
obtained by such Holder in exchange for Transfer Restricted
Securities acquired by such Holder directly from the Company.
(b) Shelf Registration
Statement. If required pursuant to Section 4, in
connection with the Shelf Registration Statement, each of the
Company and the Guarantors shall comply with all the provisions of
Section 6(c) hereof and shall use its reasonable best efforts to
effect such registration to permit the sale of the Transfer
Restricted Securities being sold in accordance with the intended
method or methods of distribution thereof, and pursuant thereto
each of the Company and the Guarantors will as expeditiously as
possible prepare and file with the Commission a Registration
Statement relating to the registration on any appropriate form
under the Securities Act, which form shall be available for the
sale of the Transfer Restricted Securities in accordance with the
intended method or methods of distribution thereof.
(c) General Provisions.
In connection with any Registration Statement and any Prospectus
required by this Agreement to permit the sale or resale of Transfer
Restricted Securities (including, without limitation, any
Registration Statement and the related Prospectus required to
permit resales of Transfer Restricted Securities by
Broker-Dealers), each of the Company and the Guarantors
shall:
(i) use its reasonable best efforts
to keep such Registration Statement continuously effective and
provide all requisite financial statements (including, if required
by the Securities Act or any regulation thereunder, financial
statements of the Guarantors for the period specified in
Section 3 or 4 hereof, as applicable; upon the occurrence of
any event that would cause any such Registration Statement or the
Prospectus contained therein (A) to contain a material
misstatement or omission or (B) not to be effective and usable
for resale of Transfer Restricted Securities during the period
required by this Agreement, the Company shall file promptly an
appropriate amendment to such Registration Statement, in the case
of clause (A), correcting any such misstatement or omission,
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and, in the
case of either clause (A) or (B), use its best efforts to
cause such amendment to be declared effective and such Registration
Statement and the related Prospectus to become usable for their
intended purpose(s) as soon as practicable thereafter;
(ii) prepare and file with the
Commission such amendments and post-effective amendments to the
applicable Registration Statement as may be necessary to keep the
Registration Statement effective for the applicable period set
forth in Section 3 or 4 hereof, as applicable, or such shorter
period as will terminate when all Transfer Restricted Securities
covered by such Registration Statement have been sold or are Freely
Tradable; cause the Prospectus to be supplemented by any required
Prospectus supplement, and as so supplemented to be filed pursuant
to Rule 424 under the Securities Act, and to comply fully with
the applicable provisions of Rules 424 and 430A under the
Securities Act in a timely manner; and comply with the provisions
of the Securities Act with respect to the disposition of all
securities covered by such Registration Statement during the
applicable period in accordance with the intended method or methods
of distribution by the sellers thereof set forth in such
Registration Statement or supplement to the Prospectus;
(iii) advise the underwriter(s), if
any, and selling Holders promptly and, if requested by such
Persons, to confirm such advice in writing, (A) when the
Prospectus or any Prospectus supplement or post-effective amendment
has been filed, and, with respect to any Registration Statement or
any post-effective amendment thereto, when the same has become
effective, (B)&nbs






