Common use of Applicable Securities Laws Clause in Contracts

Applicable Securities Laws. By accepting this offer to become a Selected Dealer, you represent to the Underwriter that you are qualified under the Securities Exchange Act of 1934 and the Blue Sky laws of any State in which you offer the Shares, as a dealer or broker in securities, and that you are a member in good standing of the National Association of Securities Dealers, Inc.; provided, however, that no NASD member may reallocate commission to any non-member broker-dealer. Alternatively, this offer may be accepted by a foreign dealer not eligible for membership in the NASD who agrees not to re-offer, resell or deliver the Shares in the United States or to persons to whom it has reason to believe are citizens or residents of the United States and, in making sales, to comply with NASD's Interpretation with Respect to Free-Riding and Withholding and Sections 8, 24 and 36 of Articles III of the NASD's Rules of Fair Practice as if such foreign dealer were an NASD member and Section 25 of such Article III as it applies to a nonmember broker or dealer in a foreign country.

Applicable Securities Laws. By accepting this offer to become a Selected Dealer, you represent to the Underwriter that you are qualified under the Securities Exchange Act of 1934 and the Blue Sky laws of any State in which you offer the Shares, as a dealer or broker in securities, and that you are a member in good standing of the National Association of Securities Dealers, Dealers1 Inc.; provided, however, that no NASD member may reallocate re-allow commission to any non-member broker-dealer. Alternatively, this offer may be accepted by a foreign dealer not eligible for membership in the NASD who agrees not to re-offer, resell or deliver the Shares in the United States or to persons to whom it ~t has reason to believe are citizens or residents of the United States and, in making sales, to comply with NASD's 'S Interpretation with Respect to Free-Riding and Withholding and Sections 8, 24 and 36 of Articles III of the NASD's Rules of Fair Practice as if such foreign dealer were an NASD member and Section 25 of such Article III as it applies to a nonmember non-member broker or dealer in a foreign country.

Applicable Securities Laws. By accepting this offer to become a Selected Dealer, you represent to the Underwriter that you are qualified under the Securities Exchange Act of 1934 and the Blue Sky laws of any State in which you offer the Shares, as a dealer or broker in securities, and that you are a member in good standing of the National Association of Securities Dealers, Inc.Inc. ; provided, however, that no NASD member may reallocate re-allow commission to any non-member broker-dealer. Alternatively, this offer may be accepted by a foreign dealer not eligible for membership in the NASD who agrees not to re-offer, resell or deliver the Shares in in, the United States or to persons to whom it has reason to believe are citizens or residents of the United States and, in making sales, to comply with NASD's Interpretation with Respect to Free-Riding and Withholding and Sections 8, 24 and 36 of Articles III of the NASD's Rules of Fair Practice as if such foreign dealer were an NASD member and Section 25 of such Article III as it applies to a nonmember broker or dealer in a foreign country.