Common use of Procedure for Discrepancies Clause in Contracts

Procedure for Discrepancies. Mellon shall follow its regular procedures to attempt to reconcile any discrepancies between the number of shares of Additional Common Stock that any Certificate may indicate are to be issued to a stockholder and the number that the Record Stockholders List indicates may be issued to such stockholder. In any instance where Mellon cannot reconcile such discrepancies by following such procedures, Mellon will consult with the Company for instructions as to the number of shares of Additional Common Stock, if any, it is authorized to issue. In the absence of such instructions, Mellon is authorized not to issue any shares of Additional Common Stock to such stockholder.

Appears in 5 contracts

Samples: Agent Agreement (Lynch Corp), Subscription Agent Agreement (Lynch Corp), Agent Agreement (Lynch Corp)

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