Common use of Broker-Dealer Registration and Compliance; Licenses and Permits Clause in Contracts

Broker-Dealer Registration and Compliance; Licenses and Permits. Soliciting Dealer is, and will at all times during the Offering Period be, a member in good standing of FINRA, properly registered as a broker-dealer with the Commission pursuant to the Exchange Act, and duly licensed or registered as a broker-dealer in each state in which the conduct of its business requires licensing or registration. Soliciting Dealer will maintain all such qualifications and registrations during the Offering, and will immediately notify Sponsor in writing if such registration or qualification is terminated or suspended. Soliciting Dealer possesses such other Governmental Licenses issued by any Regulatory Authority necessary to conduct the business now operated by it and is in compliance with the terms and conditions of all such Governmental Licenses and all of the Governmental Licenses are valid and in full force and effect, except where the failure so to possess or comply or invalidity or ineffectiveness would not reasonably be expected to have a Soliciting Dealer Material Adverse Effect. Soliciting Dealer has not received any notice of proceedings relating to the revocation or modification of its registration or license as a broker-dealer or any other Governmental Licenses which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would reasonably be expected to have a Soliciting Dealer Material Adverse Effect.

Broker-Dealer Registration and Compliance; Licenses and Permits. Soliciting Dealer is, and will at all times during the Offering Period be, a member in good standing of FINRA, properly registered as a broker-dealer with the Commission SEC pursuant to the Securities Exchange ActAct of 1934, as amended, and duly licensed or registered as a broker-dealer in each state in which the conduct of its business requires licensing or registration. Soliciting Dealer will maintain all such qualifications and registrations during the Offering, and will immediately notify Sponsor in writing if such registration or qualification is terminated or suspended. Soliciting Dealer possesses such other Governmental Licenses issued by any Regulatory Authority necessary to conduct the business now operated by it and is in compliance with the terms and conditions of all such Governmental Licenses and all of the Governmental Licenses are valid and in full force and effect, except where the failure to so to possess or comply or invalidity or ineffectiveness would not reasonably be expected to have a Soliciting Dealer Material Adverse Effect. Soliciting Dealer has not received any notice of proceedings relating to the revocation or modification of its registration or license as a broker-dealer or any other Governmental Licenses which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would reasonably be expected to have a Soliciting Dealer Material Adverse Effect.