Common use of Assistance in Sales Clause in Contracts

Assistance in Sales. Anything in this Agreement or the Stockholders Agreement to the contrary notwithstanding, in the event that it becomes unlawful for any Purchaser to continue to hold all or some portion of the Shares to be held by it, or restrictions are imposed on such Purchaser by any law, rule or regulation which, in the reasonable judgement of such Purchaser, make it unduly burdensome to continue to hold all or some portion of such Shares, then such Purchaser may sell or otherwise dispose of all or any portion of its Shares, and the Company, at no expense to the Company, shall use reasonable efforts to assist such Purchaser in disposing of such interest in a prompt and orderly manner, and, at the reasonable request of any such Purchaser, shall provide (and authorize such Purchaser to provide) financial and other information concerning the Company to any prospective purchaser of such interest.

Appears in 3 contracts

Samples: Series C Preferred Stock Purchase Agreement (Cypress Communications Inc), Series C Preferred and Series C 1 Preferred Stock Purchase Agreement (Cypress Communications Inc), Series C Preferred Stock Purchase Agreement (Cypress Communications Inc)

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Assistance in Sales. Anything in this Agreement or the Stockholders Agreement to the contrary notwithstanding, in the event that it becomes unlawful for any Purchaser to continue to hold all or some portion of the Shares to be held by it, or restrictions are imposed on such Purchaser by any law, rule or regulation which, in the reasonable judgement of such Purchaser, make it unduly burdensome to continue to hold all or some portion of such Shares, then such Purchaser may sell or otherwise dispose of all or any portion of its Shares and Conversion Shares, and the Company, at no expense to the Company, shall use reasonable efforts to assist such Purchaser in disposing of such interest in a prompt and orderly manner, and, at the reasonable request of any such Purchaser, shall provide (and authorize such Purchaser to provide) financial and other information concerning the Company to any prospective purchaser of such interest.

Appears in 1 contract

Samples: Series C Preferred Stock Purchase Agreement (Cypress Communications Inc)

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