CFMD definition
Examples of CFMD in a sentence
Issuer acknowledges that CFMD has not provided accounting, tax, or legal advice and hereby acknowledges that Issuer has been advised to seek its own advisors with respect to such topics.
Mis Agreement has been and is made solely for the benefit of Issuer and CFMD and their respective successors and assigns.
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE CFMD PARTIES’ LIABILITY TO ISSUER OR ANY THIRD PARTY SHALL BE LIMITED TO CFMD’S COMMISSIONS.
While CFMD will endeavor to ensure the Portal is fully functional and accessible to all Investors at all times, CFMD relies on third-party service providers and does not assure, represent, or warrant to the quality of service, continuity of service, or “up-time” of the Portal.
CFMD shall maintain its status as a Funding Portal (as such term is defined in section 3(a)(80) of the Exchange Act) registered with the SEC and a member of the Financial Industry Regulatory Authority (“FINRA”) and shall inform Issuer if this status changes before or during the Offering.
CFMD IS NOT RESPONSIBLE FOR ANY DELAYS, DELIVERY FAILURES, OR OTHER DAMAGE RESULTING FROM LIMITATIONS, DELAYS, AND OTHER PROBLEMS INHERENT IN THE USE OF THE INTERNET AND ELECTRONIC COMMUNICATIONS.
Neither Party may assign their rights and obligations under this Agreement without the prior written consent of the other Party except that CFMD may unilaterally assign its rights and obligations to a parent or wholly-owned subsidiary provided that such entity maintains its status as a registered funding portal.
Issuer agrees to comply with any and all requests for information from CFMD to help CFMD meet these or any other regulatory obligations.
For the avoidance of doubt, if CFMD withdraws from this Agreement while the Offering is accepting investment commitments (or payments for investment commitments if the Closing Date has passed but the Proceeds have not been disbursed), Issuer and its Officers and Directors who were signatories to the Form C agree to immediately file Form C-W withdrawing such Offering.
Issuer acknowledges and agrees that, in conformance with Reg CF, CFMD is solely authorized and solely responsible for providing instructions to the Escrow Agent for the distribution of Proceeds held in the Escrow Account (including with respect to any fees payable from the Proceeds).