Common use of Holders Cooperation Clause in Contracts

Holders Cooperation. (a) Each of the Holders shall promptly furnish to the Company such information regarding such Holder and the distribution proposed by such Holder as the Company may request in writing and as shall be required in connection with any registration referred to herein. (b) Each of the Holders holding shares included in the registration will not (until further notice by the Company) effect sales thereof (or deliver a prospectus to any purchaser) after receipt of telegraphic or written notice from the Company to suspend sales to permit the Company to correct or update a registration statement or prospectus. At the end of the period during which the Company is obligated to keep the registration statement current and effective as described in Section 8(a), each of the Holders holding shares of Registrable Securities included in the registration 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 of Registrable Securities covered by such registration statement that remain unsold, and each of the Holders shall notify the Company of the number of such shares registered that remain unsold immediately upon receipt of such notice from the Company.

Appears in 1 contract

Sources: Registration Rights Agreement (Netcreations Inc)

Holders Cooperation. (a) Each of the Holders Holder shall promptly furnish to the Company such information regarding such Holder and the distribution proposed by such Holder as the Company may request in writing and as shall be required in connection with any registration referred to herein. (b) Each of the Holders Holder holding shares included in the registration will not (until further notice by the Company) effect sales thereof (or deliver a prospectus to any purchaser) after receipt of telegraphic or written notice from the Company to suspend sales to permit the Company to correct or update a registration statement or prospectus. At the end of the period during which the Company is obligated to keep the registration statement current and effective as described in Section 8(a7(a), each of the Holders holding shares of Registrable Securities included in the registration 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 of Registrable Securities covered by such registration statement that remain unsold, and each of the Holders shall notify the Company of the number of such shares registered that remain unsold immediately upon receipt of such notice from the Company.

Appears in 1 contract

Sources: Registration Rights Agreement (On2com Inc)