Common use of Transaction Statement Clause in Contracts

Transaction Statement. A Security shall not be validly issued until a transaction statement executed by a duly authorized officer of the Company is sent to the purchaser or transferee thereof and an Account is established by the Company in the name of such purchaser or transferee.

Transaction Statement. A Security shall not be validly issued until a transaction statement executed by a duly authorized officer of the Company is sent to the purchaser or transferee thereof and an Account is established by the Company in the name of such purchaser or transfereetransferee which shall set forth the name of such purchaser or transferee the type of Security purchased, the Principal amount thereof, the applicable interest rate and the Maturity Date.