Qualified Small Business Stock. The Company agrees that for so long as any of the Shares are held by an Investor (or a transferee in whose hands such Shares are eligible to qualify as “qualified small business stock” within the meaning of Section 1202(c) of the Internal Revenue Code), it will use commercially reasonable efforts to comply with any applicable filing and reporting requirements of Section 1202 of the Internal Revenue Code and any regulations promulgated thereunder; provided, however, that “commercially reasonable efforts” as used in this Section 3.1(c) shall not be construed to require the Company to operate its business in a manner which would adversely affect its business, limit its future prospects or alter the timing or resource allocation related to its planned operations or financing activities.
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Samples: Investors’ Rights Agreement (Opti-Harvest, Inc.), Investors’ Rights Agreement (Opti-Harvest, Inc.), Note and Warrant Purchase Agreement (Opti-Harvest, Inc.)
Qualified Small Business Stock. The Company agrees covenants that for so long as any of the Shares Shares, or Conversion Shares, are held by an Investor Purchaser (or a transferee in whose hands such Shares or Conversion Shares are eligible to qualify as “qualified small business stock” within the meaning of Qualified Small Business Stock as defined in Section 1202(c) of the Internal Revenue CodeCode of 1986, as amended), it will use commercially its reasonable efforts to comply with any applicable filing and reporting requirements of Section 1202 of cause the Internal Revenue Code and any regulations promulgated thereunderShares, or the Conversion Shares, to qualify as Qualified Small Business Stock; provided, however, that “commercially "reasonable efforts” " as used in this Section 3.1(c) 6.3 shall not be construed to require the Company to operate its business in a manner which would adversely affect its business, limit its future prospects or alter the timing or resource allocation related to its planned operations or financing activities.
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Samples: Series C Preferred Stock Purchase Agreement (Air South Airlines Inc), Series a Preferred Stock Purchase Agreement (Air South Airlines Inc), Series B Preferred Stock Purchase Agreement (Air South Airlines Inc)
Qualified Small Business Stock. The Company agrees that for so long as any of the Shares are held by an Investor (or a transferee in whose hands such Shares are eligible to qualify as “qualified small business stock” within the meaning of Section 1202(c) of the Internal Revenue Code of 1986, as amended (the “Code”)), it will use commercially reasonable efforts to comply with any applicable filing and reporting requirements of Section 1202 of the Internal Revenue Code and any regulations promulgated thereunder; provided, however, that “commercially reasonable efforts” as used in this Section 3.1(c2.5(f) shall not be construed to require the Company to operate its business in a manner which that would adversely affect its business, limit its future prospects or alter the timing or resource allocation related to its planned operations or financing activities.
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