Common use of Preparation of Information Statement Clause in Contracts

Preparation of Information Statement. The Seller will, as promptly as reasonably practicable, prepare and file with the Securities and Exchange Commission (the "SEC") an information statement relating to the written consent on the date hereof of the holders of a majority of the shares of Seller's common stock with respect to the sale of the Shares. The Seller will mail the information statement to its stockholders at the earliest practicable date following receipt of notification from the SEC that it will not review, or has no further comments on, the information statement.