Common use of Information Made Available Clause in Contracts

Information Made Available. The Company covenants and agrees with each of MSI, Telcom and New Member that, with respect to MSI, so long as any shares of Class B-Series 1 Common Stock are outstanding, with respect to Telcom, so long as any shares of Class B-Series 2 Common Stock are outstanding, and with respect to New Member, so long as any shares of Class B-Series 3 Common Stock are outstanding, the Company will use all reasonable efforts to provide regular information to (and updates thereof), consult with, and obtain the advice of, representatives of MSI designated by MSI's designees (the "MSI Directors") to the board of directors of the Company (the "Board of Directors"), representatives of Telcom designated by Telcom's designee (the "Telcom Director") to the Board of Directors, and representatives of New Member designated by New Member's designee (the "New Member Director") to the Board of Directors, respectively, in connection with ordinary decisions of the Board of Directors or any committee thereof. This Section 2 shall terminate as to New Member, and New Member shall have no further rights under such Section, upon New Member's delivery of, or failure to deliver, the notice required by Section 15.

Appears in 5 contracts

Samples: Form of Stockholders' Agreement (Teligent Inc), Form of Stockholders' Agreement (Teligent Inc), Stockholders' Agreement (Associated Group Inc)

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