Qualified Small Business. The Company will use reasonable efforts to comply with the reporting and recordkeeping requirements of Section 1202 of the Internal Revenue Code, and any regulations promulgated thereunder and any similar state laws and regulations and agrees not to repurchase any stock of the Company from any stockholder other than Sequoia Capital or its Affiliates if such repurchase would cause the Shares not to so qualify as "Qualified
Appears in 5 contracts
Samples: Series C Preferred Stock Purchase Agreement (Mp3 Com Inc), Series C Preferred Stock Purchase Agreement (Mp3 Com Inc), Series C Preferred Stock Purchase Agreement (Mp3 Com Inc)
Qualified Small Business. The Company will use reasonable its best efforts to comply with the reporting and recordkeeping requirements of Section 1202 of the Internal Revenue CodeCode of 1986, and as amended, any regulations promulgated thereunder and any similar state laws and regulations regulations, and agrees not to repurchase any stock of the Company from any stockholder other than Sequoia Capital or its Affiliates if such repurchase would cause the Shares not to so qualify as "QualifiedQualified Small Business Stock."
Appears in 4 contracts
Samples: Investor Rights Agreement (National Patent Development Corp), Investor Rights Agreement (Gp Strategies Corp), Investor Rights Agreement (Valera Pharmaceuticals Inc)
