Common use of NASD Matters Clause in Contracts

NASD Matters. The Company shall supply your counsel with the following as appropriate to satisfy the NASD filing requirements: (i) such copies of any amendment or supplement to the Registration Statement and the preliminary prospectus or Final Prospectus; and (ii) the statutory filing fee in the form of a certified or cashier's check. The Company shall further supply to your counsel, no later than one (1) week before the effective date of the Registration Statement, a written representation as to (i) the existence or nonexistence of any NASD affiliation or association of any officer, director, or five percent (5%) or greater shareholder of the Company, and, if a shareholder of the Company is a corporation, the existence or nonexistence of any direct or indirect NASD affiliation or association of any officer, director, or five percent (5%) or greater shareholder of such corporation, (ii) whether or not any unregistered securities of the Company have been acquired by any NASD affiliated persons during the twelve (12) month period prior to filing the Registration Statement, and (iii) whether or not key-man life insurance has been or will be provided for any officer or director of the Company by any NASD affiliate.

NASD Matters. The Company shall supply your counsel with the following as appropriate to satisfy the NASD filing requirements: (i) such copies of any amendment or supplement to the Registration Statement and the preliminary prospectus or Final Prospectus; and (ii) the statutory filing fee in the form of a certified or cashier's check. The Company shall further supply to your counsel, no later than one (1) week before the effective date of the Registration Statement, a written representation as to to: (i) the existence or nonexistence of any NASD affiliation or association of any officer, director, or five percent (5%) or greater shareholder of the Company, and, if a shareholder of the Company is a corporation, the existence or nonexistence of any direct or indirect NASD affiliation or association of any officer, director, or five percent (5%) or greater shareholder of such corporation, (ii) whether or not any unregistered securities of the Company have been acquired by any NASD affiliated persons during the twelve (12) month period prior to filing the Registration Statement, and (iii) whether or not key-man life insurance has been or will be provided for any officer or director of the Company by any NASD affiliate.