Common use of Reports; Regulatory Matters Clause in Contracts

Reports; Regulatory Matters. (a) Rand and its Subsidiary have timely filed all reports, registration statements and certifications, together with any amendments required to be made with respect thereto, that they were required to file since December 31, 2016 with (i) the SEC, (ii) NASDAQ, (iii) the SBA, and (iv) any other applicable SRO or Governmental Entity, and all other reports and statements required to be filed by them since December 31, 2016, including any report or statement required to be filed pursuant to the laws, rules or regulations of the United States, any state, any foreign entity, or any SRO or Governmental Entity, and have paid all fees and assessments due and payable in connection therewith. Except for normal examinations of Rand and its Subsidiary conducted by a SRO or Governmental Entity in the ordinary course of the business, no SRO or Governmental Entity has, since December 31, 2016, initiated any proceeding, enforcement action or, to the knowledge of Rand, investigation into the business, disclosures or operations of Rand or its Subsidiary. Since December 31, 2016, no SRO or Governmental Entity has resolved any proceeding, enforcement action or, to the knowledge of Rand, investigation into the business, disclosures or operations of Rand or its Subsidiary. There is no unresolved, or, to Rand’s knowledge, threatened comment or stop order by any SRO or Governmental Entity with respect to any report or statement relating to any examinations or inspections of Rand or its Subsidiary.

Reports; Regulatory Matters. (a) Rand Target and each of its Subsidiary Subsidiaries have timely filed all reports, registration statements registrations and certificationsstatements, together with any amendments required to be made with respect thereto, that they were required to file since December 31January 1, 2016 2009 with (i) the SECFederal Reserve Board, (ii) NASDAQthe FDIC, (iii) the SBAOffice of Thrift Supervision, and (iv) the OCC, (v) any state insurance commission or other state regulatory authority, (vi) any foreign regulatory authority, (vii) any SRO and (viii) the SEC (collectively, “Regulatory Agencies”) and with each other applicable SRO or Governmental Entity, and all other reports and statements required to be filed by them since December 31January 1, 20162009, including any report or statement required to be filed pursuant to the laws, rules or regulations of the United States, any state, any foreign entity, entity or any SRO Regulatory Agency or Governmental Entity, and have paid all fees and assessments due and payable in connection therewith. Except for normal examinations of Rand and its Subsidiary conducted by a SRO Regulatory Agency or Governmental Entity in the ordinary course of the businessbusiness of Target and its Subsidiaries, no SRO Regulatory Agency or Governmental Entity hashas initiated since January 1, since December 31, 2016, initiated 2009 or has pending any proceeding, enforcement action or, to the knowledge of RandTarget, investigation into the business, disclosures or operations of Rand Target or any of its SubsidiarySubsidiaries. Since December 31Target and its Subsidiaries have complied in all material respects with, 2016, no SRO or Governmental Entity has resolved any proceeding, enforcement action or, to the knowledge of Rand, investigation into the business, disclosures or operations of Rand or its Subsidiary. There and there is no unresolvedunresolved violation, orcriticism, to Rand’s knowledge, threatened comment or stop order exception by any SRO Regulatory Agency or Governmental Entity with respect to to, any report or statement relating to any examinations or inspections of Rand Target or any of its SubsidiarySubsidiaries.