Securities Management Clause Samples
The Securities Management clause outlines the procedures and responsibilities related to the handling, administration, and oversight of securities within an agreement. It typically specifies how securities are to be issued, transferred, or held, and may detail the roles of parties such as custodians or agents in managing these assets. By establishing clear protocols for the management of securities, this clause helps prevent disputes, ensures compliance with regulatory requirements, and protects the interests of all parties involved.
Securities Management. Intermediary shall hold said Common Shares in its name in its trust account on behalf of the Investor(s) until they are uncovered due to satisfaction of a Breakout/Workout. Once uncovered, the Intermediary is instructed to deliver to the appropriate Investor(s) their portion of the Common Shares held in trust for that Breakout/Workout. Such delivery will allow the Investor(s) to transfer, sell or pledge such securities as they deem necessary. Nothing in this Agreement is meant to act as a control over the Investor(s) right to deal with those securities. Nothing in this Agreement signifies that the Investor(s) are acting together in the sales of the shares. Intermediary may manage the securities in any manner it deems necessary to fulfill this Agreement.
Securities Management. To enact controls over the converted Common Shares, Intermediary shall hold said Common Shares in its name, in its trust account, on behalf of the Investor(s) until those Common Shares are uncovered. Once uncovered, the Intermediary is instructed to release any encumbrance to the Common Shares and accept instructions for those shares from the appropriate Investor(s). Nothing in this Agreement is meant to act as a control over the Investor(s) right to deal with those securities. Nothing in this Agreement signifies that the Investor(s) are acting together in the sales of the shares. Intermediary may manage the securities in any manner it deems necessary to fulfill this Agreement.