Common use of State Qualification Clause in Contracts

State Qualification. The Company will endeavor in good faith, ------------------- in cooperation with you, at or prior to the time the Registration Statement becomes effective under the Act, to qualify the Shares, to the extent required, for offering and sale under the "blue sky" or securities laws of such jurisdictions as you may designate and maintain such qualification in effect for so long as is required for the distribution of such Shares; provided, however, -------- ------- that no such qualification shall be required in any jurisdiction where, as a result thereof, the Company would be subject to service of general process or to taxation as a foreign corporation doing business in such jurisdiction to which it is not then subject. In each jurisdiction, where such qualification shall be effected, the Company will, unless you agree in writing that such action is not at the time necessary or advisable, file and make such statements or reports at such times as are or may be required by the laws of such jurisdiction.