Insiders’ NASD Affiliation Sample Clauses
The 'Insiders’ NASD Affiliation' clause defines the requirement for parties involved in a transaction to disclose any affiliations with the National Association of Securities Dealers (NASD), now known as FINRA. This clause typically applies to company insiders, such as officers, directors, or significant shareholders, and requires them to confirm whether they or their immediate family members are associated with a registered broker-dealer. Its core function is to ensure regulatory compliance and transparency, helping to prevent conflicts of interest and maintain the integrity of securities transactions.
Insiders’ NASD Affiliation. Based on questionnaires distributed to such persons, except as set forth on Schedule 2.18.4, no officer, director or any beneficial owner of the Company's unregistered securities has any direct or indirect affiliation or association with any NASD member. The Company will advise the Representative and its counsel if it learns that any officer, director or owner of at least 5% of the Company's outstanding Common Stock is or becomes an affiliate or associated person of an NASD member participating in the offering.
Insiders’ NASD Affiliation. Except as set forth on Schedule 2.17.4, no officer, director or any beneficial owner of the Company’s unregistered securities has any direct or indirect affiliation or association with any NASD member.
Insiders’ NASD Affiliation. Except as set forth in the Prospectus, no officer or director of the Company or owner of five (5%) percent or more of any of the Company's Common Stock has any direct or indirect affiliation or association with any NASD member. The Company will advise the Representative and the NASD if the Company becomes aware that any 5% or greater stockholder of the Company is or becomes an affiliate or associated person of an NASD member participating in the distribution.
Insiders’ NASD Affiliation. No officer or director of the Company or owner of any of the Company's unregistered securities has any direct or indirect affiliation or association with any NASD member. The Company will advise the Underwriter and the NASD if any stockholder of the Company is or becomes an affiliate or associated person of an NASD member participating in the offering.
Insiders’ NASD Affiliation. Except as set forth on Schedule 2.19.4, to the Company’s knowledge, no (i) officer or director of the Company, (ii) owner of 5% or more of the Company’s unregistered securities or (iii) owner of any amount of the Company’s unregistered securities acquired within the 180-day period prior to the Filing Date, has any direct or indirect affiliation or association with any NASD member. The Company will advise the Underwriters and the NASD if any officer, director or stockholder of the Company is or becomes an affiliate or associated person of an NASD member participating in the offering.
Insiders’ NASD Affiliation. Except as set forth on SCHEDULE 2.19.4, no officer or director of the Company or owner of any of the Company's unregistered securities has any direct or indirect affiliation or association with any NASD member. The Company will advise the Representative and the NASD if prior to the Closing Date or Option Closing Date, if any, it learns that any officer, director or stockholder of the Company is or becomes an affiliate or associated person of an NASD member participating in the offering.
Insiders’ NASD Affiliation. To the Company's knowledge, other than as disclosed in the NASD Questionnaires completed by the Initial Stockholders and delivered to counsel to the Representative prior to the date hereof, no officer, director, or five percent or greater stockholder of the Company has any direct or indirect affiliation or association with any NASD member and no beneficial owner of the Company's unregistered securities, regardless of the time acquired or source from which derived, has any direct or indirect affiliation or association with any NASD member.
Insiders’ NASD Affiliation. No officer, director or holder of five percent (5%) or more of any class of securities of the Company has any direct or indirect affiliation or association with any NASD member. No beneficial owner of the Company's unregistered securities has any direct or indirect affiliation or association with any NASD member.
Insiders’ NASD Affiliation. Other than ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (a) no -------------------------- officer, director or five percent or greater stockholder of the Company has any direct or indirect affiliation or association with any NASD member, and (b) no beneficial owner of the Company's unregistered securities issued within the 12 month period prior to the Filing Date or thereafter has any direct or indirect affiliation or association with any NASD member. The Company will advise the Representative and the NASD if any other five percent or greater stockholder becomes, directly or indirectly, an affiliate or associated person of an NASD member participating in the distribution.
Insiders’ NASD Affiliation. Based on questionnaires distributed to such persons, except as set forth on Schedule 2.18.4, no officer, director or any beneficial owner of the Company's unregistered securities (collectively, "Company Affiliates") has any direct or indirect affiliation or association with any NASD member. The Company will advise the Representative and its counsel if it learns that any officer, director or owner of at least 5% of the Company's outstanding securities is or becomes an affiliate or associated person of an NASD member participating in the Offering. No Company Affiliate is an owner of stock or other securities of any member of the NASD (other than securities purchased on the open market). No Company Affiliate has made a subordinated loan to any member of the NASD. No proceeds from the sale of the Public Securities (excluding underwriting compensation) will be paid to any NASD member, or any persons associated or affiliated with a member of the NASD. Except with respect to Shemano, the Company has not issued any warrants or other securities, or granted any options, directly or indirectly, to anyone who is a potential underwriter in the Offering or a related person (as defined by NASD rules) of such an underwriter within the 180-day period prior to the initial filing date of the Registration Statement. No person to whom securities of the Company have been privately issued within the 180-day period prior to the initial filing date of the Registration Statement has any relationship or affiliation or association with any member of the NASD. No NASD member intending to participate in the Offering has a conflict of interest with the Company. (For this purpose, a "conflict of interest" exists when a member of the NASD and/or its associated persons, parent or affiliates in the aggregate beneficially own 10% or more of the Company's outstanding subordinated debt or common equity, or 10% or more of the Company's preferred equity. "Members participating in the Offering" include managing agents, syndicate group members and all dealers which are members of the NASD.) Except with respect to Shemano, the Company has not entered into any agreement or arrangement (including, without limitation, any consulting agreement or any other type of agreement) during the 180-day period prior to the initial filing date of the Registration Statement, which arrangement or agreement provides for the receipt of any item of value and/or the transfer of any warrants, options, or other securitie...