Common use of Obligations of the Holder Clause in Contracts

Obligations of the Holder. a. At least five (5) calendar days prior to the first anticipated filing date of a Registration Statement, the Company shall notify the Holder in writing of the information the Company requires from the Holder. The Holder covenants and agrees that, in connection with any resale of Piggy-Back Registrable Securities by it pursuant to a Registration Statement, it shall comply with the “Plan of Distribution” section of the current prospectus relating to such Registration Statement, and such “Plan of Distribution” shall include Holder’s resale of the Piggy-Back Registrable Securities at prevailing market prices (and not fixed prices).