Common use of Deposit Account Statements and Information Clause in Contracts

Deposit Account Statements and Information. The Deposit Account Agent agrees to send to the Company and/or the Placement Agent a copy of the Deposit Account periodic statement, upon request and to also provide the Company and/or Placement Agent, or their designee, upon request other deposit account information, including Deposit Account balances, by telephone or by computer communication, to the extent practicable. The Company and Placement Agent agree to complete and sign all forms or agreements required by the Deposit Account Agent for that purpose. The Company and Placement Agent each consent to the Deposit Account Agent’s release of such Deposit Account information to any of the individuals designated by Company or Placement Agent, which designation has been assigned in accordance with Section 3(a) by any of the persons in Schedule II. Further, the Company and Placement Agent have an option to receive e-mail notification of incoming and outgoing wire transfers. If this e-mail notification service is requested and subsequently approved by the Deposit Account Agent, the Company and Placement Agent agrees to provide a valid e-mail address and other information necessary to set-up this service and sign all forms and agreements required for such service. The Company and Placement Agent each consent to the Deposit Account Agent’s release of wire transfer information to the designated e-mail address(es). The Deposit Account Agent’s liability for failure to comply with this section shall not exceed the cost of providing such information.

Appears in 3 contracts

Samples: Escrow Agreement (Clubhouse Media Group, Inc.), Escrow Agreement (Clubhouse Media Group, Inc.), Escrow Agreement (Clubhouse Media Group, Inc.)

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Deposit Account Statements and Information. The Deposit Account Agent agrees to send to the Company and/or the Placement Agent Underwriter a copy of the Deposit Account periodic statement, upon request and to also provide the Company and/or Placement AgentUnderwriter, or their designee, upon request other deposit account information, including Deposit Account balances, by telephone or by computer communication, to the extent practicable. The Company and Placement Agent Underwriter agree to complete and sign all forms or agreements required by the Deposit Account Agent for that purpose. The Company and Placement Agent Underwriter each consent to the Deposit Account Agent’s release of such Deposit Account information to any of the individuals designated by Company or Placement AgentUnderwriter, which designation has been assigned signed in accordance with Section 3(a) by any of the persons in Schedule II. I. Further, the Company and Placement Agent Underwriter have an option to receive e-mail notification of incoming and outgoing wire or ACH transfers. If this e-mail notification service is requested and subsequently approved by the Deposit Account Agent, the Company and Placement Agent Underwriter agrees to provide a valid e-mail address and other information necessary to set-up this service and sign all forms and agreements required for such service. The Company and Placement Agent Underwriter each consent to the Deposit Account Agent’s release of wire or ACH transfer information to the designated e-mail address(es). The Deposit Account Agent’s liability for failure to comply with this section shall not exceed the cost of providing such information.

Appears in 1 contract

Samples: Offering Deposit Account Agency Agreement (JUMP WORLD HOLDINGS LTD)

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Deposit Account Statements and Information. The Deposit Account Agent agrees to send to the Company and/or the Placement Selling Agent a copy of the Deposit Account periodic statement, upon request and to also provide the Company and/or Placement Selling Agent, or their designee, upon request other deposit account information, including Deposit Account balances, by telephone or by computer communication, to the extent practicable. The Company and Placement Selling Agent agree to complete and sign all forms or agreements required by the Deposit Account Agent for that purpose. The Company and Placement Selling Agent each consent to the Deposit Account Agent’s release of such Deposit Account information to any of the individuals designated by Company or Placement Selling Agent, which designation has been assigned in accordance with Section 3(a) by any of the persons in Schedule II. Further, the Company and Placement Selling Agent have an option to receive e-mail notification of incoming and outgoing wire transfers. If this e-mail notification service is requested and subsequently approved by the Deposit Account Agent, the Company and Placement Selling Agent agrees to provide a valid e-mail address and other information necessary to set-up this service and sign all forms and agreements required for such service. The Company and Placement Selling Agent each consent to the Deposit Account Agent’s release of wire transfer information to the designated e-mail address(es). The Deposit Account Agent’s liability for failure to comply with this section shall not exceed the cost of providing such information.

Appears in 1 contract

Samples: Offering Deposit Account Agency Agreement (Reticulate Micro, Inc.)

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