Book Entry Statement Clause Samples
A Book Entry Statement clause defines how ownership or interests in securities or other financial instruments are recorded electronically rather than through physical certificates. In practice, this means that all transactions, transfers, and holdings are tracked via electronic records maintained by a central depository or authorized agent. This approach streamlines the process of managing securities, reduces the risk of loss or theft of physical documents, and ensures efficient and accurate record-keeping for all parties involved.
Book Entry Statement. The Company hereby agrees to deliver to Purchaser a book entry statement from the Transfer Agent showing the Shares registered in the name of Purchaser within three Business Days of the Closing.
Book Entry Statement. The Company hereby agrees to deliver to Gilead a book entry statement from the Company’s transfer agent showing the applicable Shares registered in the name of Gilead within three (3) Business Days following each Closing.
Book Entry Statement. The Company hereby agrees to deliver to the Investor a book entry statement from the Company’s transfer agent showing the Shares registered in the name of the Investor within three (3) Business Days of the Closing.
Book Entry Statement. Any time Parent is required to issue shares of Parent Common Stock pursuant to this Article II, Parent shall issue such shares in book-entry form and provide Owner and/or Beneficial, as applicable, with a book statement from Parent’s transfer agent evidencing the issuance of such shares.
Book Entry Statement. The Company hereby agrees to deliver to Purchaser a book entry statement from the Transfer Agent showing the Shares registered in the name of Purchaser within three Business Days of the Closing. DOCPROPERTY DOCXDOCID DMS=IManage Format=<<NUM>>_<<VER>> \* MERGEFORMAT 148138758_17