Clearing Agent Sample Clauses

Clearing Agent. Clearing Agent represents and warrants that:
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Clearing Agent. Pershing LLC (“Pershing” or “Clearing Agent”) is the New York Stock Exchange member clearing agent for AFS. AFS is independent of the Clearing Agent. Pershing is retained to provide certain record keeping and operational 1 Access Device refers to any computer, personal digital assistant (PDA), beeper, television, telephone or any other communications device, including any software, whether provided through AFS or otherwise, that enables you to access and use the AFS Service via a wireless connection, the Internet, the World Wide Web or any other computer or tele- phonic network. services, which may include execution and settlement of securities transactions, custody of securities and cash balances, and extension of credit on margin transactions, if applicable. These services are provided under a written agreement between the Clearing Agent and AFS. It is important that you understand the responsibilities of AFS and the Clearing Agent as outlined below. Any rights or obligations AFS or its Clearing Agent have with respect to your account may be exercised by either the Clearing Agent or AFS or may be assigned to the other, including, but not limited to, the right to collect any debit balance or other obligations owing in the account, and the Clearing Agent and AFS may collect from you or enforce any other rights under this Agreement independently or jointly. AFS is not the Clearing Agent‘s agent, and you cannot seek to hold AFS or its Clearing Agent, or any Agent or Affiliate, liable for any trading losses incurred by you as a result of investment choices made by you. The Clearing Agent is carrying your account as clearing broker pursuant to an agreement with AFS. Notices concerning matters related to your account usually will be provided by AFS, although notice may be provided directly from the Clearing Agent with or without duplicate notice from AFS, as circumstances may require. A more detailed description of Clearing Agent’s functions and responsibilities with respect to you and your account are provided in the item referred to as “Clearing Agent Responsibilities”, which is attached and made part of this document as Appendix B. Responsibilities of AFS. AFS has general responsibility for servicing and supervising your account through its own personnel in accordance with its own policies and applicable laws and regulations. AFS is responsible for approving the opening of the account and obtaining necessary account documentation. You will be asked for appro...
Sample 1
Clearing Agent. We will act as your clearing agent for the purpose of conducting the collection of English, Welsh, Scottish and Northern Irish cheques. CORE BANKING AGREEMENT
Sample 1
Clearing Agent. The Distributor acknowledges that Xxxxxx Xxxxxxx is an introducing firm whose securities trading activities are cleared through the correspondent services of a clearing firm (the "Agent"). The Distributor agrees that one or more of the services specified herein may be performed on Xxxxxx Xxxxxxx'x behalf by the Agent and that such performance will not constitute an impermissible assignment under the terms of this Agreement nor will it affect in any way the payment of service fees to Xxxxxx Xxxxxxx as set forth in this Agreement.
Sample 1
Clearing Agent. 1. Services to be Performed by the Clearing Agent; Covenants of the Clearing Agent.
Sample 1
Clearing Agent herein agrees to promptly notify the Introducing Firm upon the occurrence of any event, including but not limited to, physical damage to Clearing Agent's transmitting facilities, that would materially affect Clearing Agent's ability to make TRACE reporting on behalf of the Introducing Firm.
Sample 1
Clearing Agent. The Clearing Agent shall indemnify and hold the Introducing Firm harmless from and against any losses, claims, damages, liabilities or expenses including without limitation those asserted by its Introduced Accounts (which shall include, but not be limited to, all costs of defense and investigation and all reasonable attorney's fees) to which the Introducing Firm may become subject, insofar as such losses, claims, damages, liabilities or expenses arise out of or are based upon any of the following:
Sample 1
AutoNDA by SimpleDocs
Clearing Agent. B2C Europe will not act as your clearing agent for goods into the UK. All goods will be delivered to B2C Europe free of taxes and import duties.
Sample 1

Related to Clearing Agent

  • Clearing Account If the Servicer finds it necessary to use a clearing account, the following guidelines must be followed:

  • Securities Intermediary The Securities Intermediary, in acting under this Indenture, is entitled to all rights, benefits, protections, immunities and indemnities accorded The Bank of New York Mellon Trust Company, N.A., a national banking association, in its capacity as Indenture Trustee under this Indenture.

  • Depository Bank With respect to any Deposit Accounts, (i) maintain the Deposit Accounts at the banks (a “Depository Bank”) described on Annex B-1 or such additional depository banks as described in the notices given pursuant to clause (iv) of this Section 6(q) as have complied with item (iv) hereof, (ii) upon request of the Secured Party, deliver to each depository bank a letter in the form of Annex C hereto with respect to Secured Party’s Rights in such Deposit Account (or on such other reasonable form as may be provided by the Depository Bank) and use commercially reasonable efforts to obtain the execution of such letter by each Depository Bank that the pledge of such Deposit Account has been recorded in the books and records of such bank and that Secured Party shall have dominion and control over such Deposit Account; (iii) upon request of the Secured Party, deliver to Secured Party all certificates or instruments, if any, now or hereafter representing or evidencing the Deposit Accounts, accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to Secured Party; and (iv) notify Secured Party upon establishing any additional Deposit Accounts and, at the request of Secured Party, use commercially reasonable efforts to obtain from such depository bank an executed letter substantially in the form of Annex C (or on such other reasonable form as may be provided by the Depository Bank) and deliver the same to Secured Party. Secured Party agrees not to exercise control over such Deposit Account unless an Event of Default shall have occurred and be continuing.

  • Depository Depository shall mean The Depository Trust Company ("DTC"), a clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 ("Exchange Act"), its successor or successors and its nominee or nominees. The term "Depository" shall further mean and include any other person authorized to act as a depository under the 1940 Act, its successor or successors and its nominee or nominees, specifically identified in a certified copy of a resolution of the Board.

  • Depository Banks The Borrowers and their Subsidiaries will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

  • Successor Securities Intermediary Any successor Securities Intermediary shall be a bank or trust company, having capital and surplus of at least $50 million, located in the State of New York.

  • Depositary This Agreement shall be deposited with the Secretary-General of ASEAN, who shall promptly furnish a certified copy thereof to each Member State.

  • Securities Depository The Fund agrees to maintain settlement of the VMTP Shares in global book entry form through the Securities Depository or such other clearance system acceptable to Xxxxx Fargo.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!