Common use of Covenants of Agent Clause in Contracts

Covenants of Agent. Insofar as the distribution of the offering is within your control and not the Company’s, you agree that the distribution of the offering will comply with the terms of the Prospectus, the Act, the Securities Exchange Act of 1934 and the securities laws (including applicable suitability standards, if any) of all jurisdictions in which you offer the Units or whose laws are applicable to your offering of the Units, and all rules promulgated under such Acts and laws, and all applicable rules of the FINRA. You agree to provide, from time to time as requested by the Company, written certificates of compliance by you with the terms of this Agreement. Without limitations on the foregoing, unless and until the minimum offering amount is sold within the required time period of one year, all funds paid by investors will be transmitted to the escrow agent no later than noon of the next business day after receipt of such funds by you and the Selected Dealers, and otherwise in accordance with all applicable rules of FINRA.