Securities Transfer Clause Samples
The Securities Transfer clause defines the terms and procedures by which ownership of securities, such as shares or bonds, can be transferred from one party to another. It typically outlines the necessary documentation, any required approvals, and the process for recording the transfer in official registers. This clause ensures that transfers are conducted legally and transparently, preventing disputes over ownership and maintaining accurate records of security holders.
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Securities Transfer. All routine (as defined by SEC regulations) transfers will be completed or rejected within SEC guidelines - 90% within 72 hours. · At least 90% of all non-routine transfers will be completed or rejected within 5 business days of receipt by the transfer agent. · Accurate dividend checks will be released to the USPS, according to a schedule mutually agreed to by the transfer agent and client. · 95% of replacement dividend checks will be mailed within 5 business days of the request (after an initial waiting period of 10 calendar days after the payable date). · 95% of all of the certificate withdrawals or account terminations requests will be mailed within 3 business days of receipt. Funds and/or certificates resulting from withdrawals and/or terminations coupled with the sale of shares will be mailed within 3 days of settlement. · 95% of all requests for mailing Plan enrollment packages will be mailed within 5 business days of receipt. · 95% of initial and optional cash investments will be processed within the time period established in the Plan prospectus. · 95% of quarterly Plan statements to be mailed within 5 business days of transactions.
Securities Transfer. (a) each Investor purchasing Securities shall deliver to the Company by wire transfer or such other method of payment as the Company shall approve, an amount equal to the purchase price of the Units purchased by such Investor hereunder, as set forth opposite such Investor’s name on the signature pages hereof; and
(b) the Company shall authorize Quicksilver Stock Transfer, its transfer agent (the “Transfer Agent”), to arrange delivery to Purchaser one or more stock certificates registered in the name of the Investor, or in such nominee name(s) as designated by the Investor in writing, representing the number of Shares equal to the number of Units purchased by the Investor; and
(c) the Company shall issue and deliver to Purchaser for each Investor the number of Warrants equal to the number of Shares as determined under Section 1.2(b).
Securities Transfer. Book(s). ---------------------------
(a) The Company shall maintain at its principal executive office securities transfer book(s) in which shall be recorded, among other things, the name and address of each record holder of Securities of the Company and the number of shares or comparable information of each class series, or type of Securities of the Company owned by each such record holder.
(b) No transfer or issuance of Securities of the Company shall be valid or effective unless made in strict compliance with this Agreement.
(c) The Company shall not register a transfer of Securities unless such transfer is in strict compliance with the provisions of this Agreement. The Company may refuse to register a transfer of Securities of the Company until it shall have received such evidence of compliance with this Agreement as may be reasonably requested by it. The Company and the Grantee shall be entitled to regard the registered holder of the Securities as appearing on the securities transfer book(s) of the Company as the actual owner thereof for all purposes.
(d) The Grantee shall be entitled to inspect the securities transfer book(s) maintained by the Company pursuant to this Section 1.2 during normal business hours upon reasonable advance notice to the Company.
Securities Transfer. (a) each Investor purchasing Shares shall deliver to the Company by wire transfer or such other method of payment as the Company shall approve, an amount equal to the purchase price of the Shares purchased by such Investor hereunder, as set forth opposite such Investor’s name on the signature pages hereof; and
(b) the Company shall authorize Quicksilver Stock Transfer, its transfer agent (the “Transfer Agent”), to arrange delivery to Purchaser one or more stock certificates registered in the name of the Investor, or in such nominee name(s) as designated by the Investor in writing, representing the number of Shares purchased by the Investor.
Securities Transfer