Common use of Status of Service Provider Clause in Contracts

Status of Service Provider. a. Service Provider is a stock transfer agent registered with the Securities and Exchange Commission. b. Service Provider will not hold, manage, possess or otherwise handle securities. c. Service Provider is not providing escrow services to Issuer. d. Service Provider is not providing payment services to Issuer but will provide security holder information to Issuer in order for Issuer to contact such holders and obtain the information necessary to make dividend payments or pay amounts owing under debt securities. Issuer acknowledges that Service Provider does not maintain banking information with respect to investors in Issuer’s securities.

Appears in 8 contracts

Samples: Posting Agreement (Med-X, Inc.), Posting Agreement (Apex Farms Corp.), Secure Service Agreement (Flower Turbines, Inc.)

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Status of Service Provider. a. Service Provider is a stock transfer agent registered with the Securities and Exchange Commission. b. Service Provider will not hold, manage, possess or otherwise handle securities. c. Service Provider is not providing escrow services to Issuer. d. Service Provider is not providing payment services to Issuer but will provide security holder information to Issuer in order for Issuer to contact such holders and obtain the information necessary to make dividend payments or pay amounts owing under debt securities. Issuer acknowledges that Service Provider does not maintain banking information with respect to investors in Issuer’s 's securities.

Appears in 1 contract

Samples: Secure Service Agreement (Xcraft Enterprises, LLC)

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