Common use of Good and Valid Title Clause in Contracts

Good and Valid Title. 12 (iv) Absence of Manipulation...............................................................12 (v) Absence of Further Requirements.......................................................12 (vi) Restriction on Sale of Securities.....................................................12 (c) Officer's Certificates.........................................................................13 SECTION 2. Sale and Delivery to Underwriters; Closing.....................................................13 (a) Initial Securities.............................................................................13 (b) Option Securities..............................................................................13 (c) Payment........................................................................................14 (d) Denominations; Registration....................................................................14 SECTION 3. Covenants of the Company.......................................................................14 (a) Compliance with Securities Regulations and Commission Requests.................................14 (b)

Good and Valid Title. 12 13 (iv) Absence of Manipulation...............................................................12 .................................... 13 (v) No Violation of Regulation M............................... 14 (vi) Absence of Further Requirements.......................................................12 ............................ 14 (vivii) Restriction on Sale of Securities.....................................................12 .......................... 14 Page ---- (viii) Certificates Suitable for Transfer......................... 14 (ix) No Association with NASD................................... 14 (x) Form W-9................................................... 14 (c) Officer's Certificates.........................................................................13 ................................................. 14 SECTION 2. Sale and Delivery to UnderwritersUnderwriter; Closing.....................................................13 ................................... 15 (a) Initial Securities.............................................................................13 .................................................. 15 (b) Option Securities..............................................................................13 ................................................... 15 (c) Payment........................................................................................14 ............................................................. 15 (d) Denominations; Registration....................................................................14 SECTION 3. Covenants of the Company.......................................................................14 (a) Compliance with Securities Regulations and Commission Requests.................................14 (b)......................................... 15

Good and Valid Title. 12 11 (iv) Absence Due Execution of Manipulation...............................................................12 Power of Attorney and Custody Agreement ................. 11 (v) Absence of Further Requirements.......................................................Manipulation .................................................. 12 (vi) Absence of Further Requirements .......................................... 12 (vii) Restriction on Sale of Securities.....................................................Securities ........................................ 12 (viii) Certificates Suitable for Transfer ....................................... 12 (ix) No Association with NASD ................................................. 12 (c) Officer's Certificates.........................................................................Certificates ................................................................ 13 SECTION 2. Sale and Delivery to Underwriters; Closing.....................................................Closing ............................................ 13 (a) Initial Securities.............................................................................Securities .................................................................... 13 (b) Option Securities..............................................................................Securities ..................................................................... 13 i 3 (c) Payment........................................................................................Payment ............................................................................... 14 (d) Denominations; Registration....................................................................14 SECTION 3. Covenants of the Company.......................................................................14 (a) Compliance with Securities Regulations and Commission Requests.................................14 (b)Registration ........................................................... 14

Good and Valid Title. 12 15 (iv) Absence Due Execution of Manipulation...............................................................12 Power of Attorney and Custody Agreement.....................................15 (v) Absence of Manipulation.................................15 (vi) Absence of Further Requirements.......................................................12 .........................15 (vivii) Restriction on Sale of Securities.....................................................12 .......................15 (viii) Certificates Suitable for Transfer......................16 (ix) No Association with NASD................................16 (c) Officer's Certificates.........................................................................13 ...........................................17 SECTION 2. Sale and Delivery to Underwriters; Closing.....................................................13 .......................17 (a) Initial Securities.............................................................................13 ...............................................17 (b) Option Securities..............................................................................13 ................................................17 (c) Payment........................................................................................14 ..........................................................18 (d) Denominations; Registration....................................................................14 SECTION 3. Covenants of the Company.......................................................................14 (a) Compliance with Securities Regulations and Commission Requests.................................14 (b)......................................18