Common use of Request for Qualification Clause in Contracts

Request for Qualification. Subject to Section 2.2, United may at any time after the issue and sale of the applicable Convertible Debenture, by written notice to the Company, request (a "Qualification Request") the Company to (i) qualify for distribution Qualifiable Shares issuable upon conversion of such Convertible Debenture under the Securities Acts, or (ii) in the event the Company is offering Common Shares to the public by way of a prospectus, to sell on a secondary basis the Purchased Securities, such notice to specify the number of Common Shares requested to be qualified or sold, as the case may be, and the intended method of disposition of such Common Shares. Promptly upon receipt of a Qualification Request, the Company shall use its best efforts to effect, as expeditiously as possible, the qualification for distribution or resale under the Securities Acts of the Common Shares that the Company has been requested to qualify by United to the extent necessary to permit the disposition of the Common Shares to be qualified in accordance with the intended methods of distribution.

Request for Qualification. Subject to Section 2.2, United may at any time after the issue and sale of the applicable Convertible Debenture, by written notice to the Company, request (a "“Qualification Request"”) the Company to (i1) qualify for distribution Qualifiable Shares issuable upon conversion of such Convertible Debenture under the Securities Acts, or (ii2) in the event the Company is offering Common Shares to the public by way of a prospectus, to sell on a secondary basis the Purchased Securities, such notice to specify the number of Common Shares requested to be qualified or sold, as the case may be, and the intended method of disposition of such Common Shares. Promptly upon receipt of a Qualification Request, the Company shall use its best efforts to effect, as expeditiously as possible, the qualification for distribution or resale under the Securities Acts of the Common Shares that the Company has been requested to qualify by United to the extent necessary to permit the disposition of the Common Shares to be qualified in accordance with the intended methods of distribution.