Effectiveness Date Definition Example

Effectiveness Date. Means with respect to the initial Registration Statement the earlier of (A) the sixtieth (60th) day following the Filing Date (or in the event the Registration Statement receives a "full review" by the Commission, the one ninetieth (90th) day following the Filing Date) or (B) the date which is within three (3) Business Days after the date on which the Commission informs the Company that (i) the Commission will not review the initial Registration Statement or (ii) the Company may request the... acceleration of the effectiveness of the initial Registration Statement and the Company makes such request, and with respect to any additional Registration Statements which may be required pursuant to Section 2, the earlier of (A) the ninetieth (90th) day following the date on which the Company first knows, or reasonably should have known, that such additional Registration Statement is required hereunder or (B) the date which is within three (3) Business Days of the date on which the Commission informs the Company that (i) the Commission will not review any such additional Registration Statement or (ii) the Company may request the acceleration of the effectiveness of the additional Registration Statement and the Company makes such request; provided that, if the Effectiveness Date falls on a Saturday, Sunday or any other day which shall be a legal holiday or a day on which the Commission is authorized or required by law or other government actions to close, the Effectiveness Date shall be the following Business Day. View More