PURCHASER REPORTING OBLIGATIONS Clause Samples
The Purchaser Reporting Obligations clause requires the purchaser to provide specific information or updates to the seller or another party, typically regarding the status or use of purchased goods or services. In practice, this may involve submitting regular reports, disclosing compliance with certain requirements, or notifying the seller of any issues or changes related to the transaction. This clause ensures transparency and accountability, helping both parties monitor performance and address potential problems promptly.
PURCHASER REPORTING OBLIGATIONS. (a) [Intentionally omitted].
PURCHASER REPORTING OBLIGATIONS. Purchaser acknowledges that as a result of the purchase of the Shares, Purchaser may be subject to the reporting obligations of Section 13 and Section 16 of the Exchange Act, and Purchaser agrees to comply with all such reporting obligations in a timely manner. The Company acknowledges and agrees that the representations contained in this Section 3.2 shall not modify, amend or affect the Purchaser’s right to rely on the Company’s representations and warranties contained in this Agreement or any representations and warranties contained in any other Transaction Document or any other document or instrument executed and/or delivered in connection with this Agreement or the consummation of the transactions contemplated hereby. Notwithstanding the foregoing, for the avoidance of doubt, nothing contained herein shall constitute a representation or warranty, or preclude any actions.
PURCHASER REPORTING OBLIGATIONS. (a) So long as any payment (whether in cash or stock) to any of the Selling Stockholders is outstanding under this Agreement, Purchaser shall furnish to each of the Company, ▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇▇▇▇ periodic statements (the “Gross Revenue Statement”) setting forth in reasonably sufficient detail Gross Revenue accrued during the preceding period to ITG Group in respect of trades executed via the System. The Gross Revenue Statement shall set forth, by name of the entity that executed any trade, any and all of the commissions, fees or other remuneration accrued to ITG Group in respect of the trades executed via the System, and all of the deductions or discounts granted or proposed to be granted, together with the following (i) with respect to any soft dollar credits to ITG Group, the terms under which such soft dollar services were provided, and (ii) with respect to any discounts and deductions, the nature, applicable period and terms of such discounts and deductions. The Gross Revenue Statement shall be furnished as follows:
(A) From the date hereof, within 17 Business Days after the end of each Fiscal Month, an unaudited Gross Revenue Statement;
(B) From the date hereof, within 30 Business Days after the end of each Fiscal Quarter, an unaudited Gross Revenue Statement. The quarterly Gross Revenue Statement shall set forth, in addition to all other details, comments as to whether any discounts or deductions were not in the ordinary course of business;
(C) As of the Option Exercise Date, an unaudited Gross Revenue Statement, setting forth all of the details included in the quarterly Gross Revenue Statement; and
(D) From the date hereof, from time to time, such further information regarding Gross Revenue, including copies of any Contracts between any entity of the ITG Group and its customers that could reasonably be expected to have an impact on Gross Revenues, as the Company, ▇▇▇▇▇▇ ▇▇▇▇▇▇ or ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ reasonably request. The Purchaser shall provide to each of ▇▇▇▇▇▇ ▇▇▇▇▇▇ or ▇▇▇▇▇▇ ▇▇▇▇▇▇ reasonable access during normal business hours, upon reasonable notice to the Company, to the Gross Revenue Statements and all records pertaining to the calculation of Gross Revenue; provided that, such request may only be made two times in any calendar year.
(b) From the Option Exercise Date until one year after the Option Exercise Date, Purchaser shall furnish to the Sellers’ Representative prompt notice of any Change of Control.