Common use of Cooperation by Purchaser Clause in Contracts

Cooperation by Purchaser. (a) Purchaser will furnish to the Company such information as the Company may reasonably require from Purchaser in connection with the registration statement (and the prospectus included therein). (b) Purchaser will not (until further notice) effect sales thereof after receipt of telegraphic or written notice form the Company to suspend sales to permit the Company to correct or update a registration statement or prospectus; but the obligations of the Company with respect to maintaining any registration statement current and effective shall be extended by a period of days equal to the period such suspension is in effect unless (i) such extension would result in the Company's inability to use the financial statements in the registration statement initially filed pursuant to the Purchaser's request and (ii) such correction or update did not result from the Company's acts or failures to act. At the end of the period during which the Company is obligated to keep the registration statement current and effective as described in Section 3(b) hereof (and any extensions thereof required by the preceding sentence), Purchaser shall discontinue sales of shares pursuant to such registration statement upon receipt of notice from the Company of its intention to remove from registration the shares covered by such registration statement which remain unsold, and Purchaser shall notify the Company of the number of shares registered which remain unsold immediately upon receipt of such notice from the Company. (c) Purchaser agrees to provide the Company with written assurances that all sales of Registrable Securities made in connection with a registration that is not underwritten were made in compliance with all applicable securities laws, including, without limitation, the prospectus delivery requirements of Section 5 of the Securities Act or any successor provision and the restrictions of Rules 10b-2, 10b-6 and 10b-7 of the Exchange Act or any successor provisions.

Appears in 1 contract

Sources: Registration Rights Agreement (Broadbandnow Inc)

Cooperation by Purchaser. (a) Purchaser will furnish to the Company such information as the Company may reasonably require from Purchaser in connection with the registration statement (and the prospectus included therein). (b) Purchaser will not (until further notice) effect sales thereof after receipt of telegraphic or written notice form from the Company to suspend sales to permit the Company to correct or update a registration statement or prospectus; but the obligations of the Company with respect to maintaining any registration statement current and effective shall be extended by a period of days equal to the period such suspension is in effect unless (i) such extension would result in the Company's inability to use the financial statements in the registration statement initially filed pursuant to the Purchaser's request and (ii) such correction or update did not result from the Company's acts or failures to act. At the end of the period during which the Company is obligated to keep the registration statement current and effective as described in Section 3(b) hereof (and any extensions thereof required by the preceding sentence), Purchaser shall discontinue sales of shares pursuant to such registration statement upon receipt of notice from the Company of its intention to remove from registration the shares covered by such registration statement which remain unsold, and Purchaser shall notify the Company of the number of shares registered which remain unsold immediately upon receipt of such notice from the Company. (c) Purchaser agrees to provide the Company with written assurances that all sales of Registrable Securities made in connection with a registration that is not underwritten were made in compliance with all applicable securities laws, including, without limitation, the prospectus delivery requirements of Section 5 of the Securities Act or any successor provision and the restrictions of Rules 10b-2l0b-2, 10b-6 l0b-6 and 10b-7 l0b-7 of the Exchange Act or any successor provisions.

Appears in 1 contract

Sources: Registration Rights Agreement (Broadbandnow Inc)