Common use of Exempt Sales Clause in Contracts

Exempt Sales. (a) The Company shall make all filings with the Securities and Exchange Commission required by paragraph (c) of Rule 144 (or any similar provision then in force) under the Securities Act to permit the sale of Registrable Shares by any holder thereof (other than an Affiliate of the Company) to satisfy the conditions of Rule 144 (or any similar provision then in force). The Company shall, promptly upon the written request of the holder of Registrable Shares, deliver to such holder a written statement as to whether the Company has complied with all such filing requirements. (b) If any of the Registrable Shares are then eligible for sale by the holder thereof pursuant to Rule 144A (or any similar provision then in force) under the Securities Act, the Company shall, promptly upon the written request of such holder, furnish to such holder and each prospective purchaser of such Registrable Shares identified by such holder in such written request, the information required by paragraph (d)(4) of Rule 144A (or any similar provision then in force) to permit the sale of such Registrable Shares to satisfy the conditions of Rule 144A (or any similar provision then in force). (c) Prior to sales of Registrable Shares proposed to be sold pursuant to an exemption from the registration requirements of the Securities Act, the Company shall, subject to Section 6(d), cooperate with the Purchaser and each other holder of Registrable Shares to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing such Registrable Shares.