Common use of Initial Procedures Clause in Contracts

Initial Procedures. The Company shall furnish the Agent with a sufficient supply of blank stock certificates and from time to time will renew such supply upon the request of the Agent. Such blank stock certificates shall be properly signed by officers of the Company authorized by law or by the Company's bylaws to sign stock certificates and, if required, shall bear the corporate seal or facsimile thereof. The Company shall file promptly with the Agent written notice of any change in the officers authorized to sign stock certificates, written instructions or requests, together with specimen signature of each newly authorized officer. In case of any officer of the Company who shall have properly signed blank stock certificates shall die, resign or be removed prior to the issuance of such certificates, the Agent as transfer agent and/or as registrar may issue or register such stock certificates as the stock certificates of the Company notwithstanding such death, resignation or removal; and the Company shall file promptly with the Agent such approval, adoption or ratification as may be required by law. The Company shall provide the Agent with a list, certified by the Secretary of the Company, showing the number and date of each outstanding certificate, the name in which issued, the number of shares represented thereby, the address and taxpayer identifying number of the stockholder, all stop transfer orders in respect to such certificate and the reason for such orders and, finally, all certificates issued as replacements for those reported lost, stolen or destroyed, and also a list, certified by the Secretary of the Company, showing the number and date of each outstanding insider (non-registered) certificate, the name in which issued, the number of shares represented thereby, and the address and taxpayer identifying number of the stockholder.