Common use of Conversion of Accounts Upon Termination Clause in Contracts

Conversion of Accounts Upon Termination. In the event that this Agreement is terminated for any reason, it shall be Correspondent's responsibility to arrange for the conversion of Correspondent and Customer Accounts to another clearing broker. Correspondent will give Southwest notice (the "Conversion Notice") of. (i) the name of the broker that will assume responsibility for clearing services for Customers and Correspondent; (ii) the date on which such broker will commence providing such services; (iii) Correspondent's undertaking, in form and substance satisfactory to Southwest, that Correspondent's agreement with such broker provides that such broker will accept on conversion all Correspondent and Customer Accounts, then maintained by Southwest, and all positions of such Accounts; and (iv) the name of an individual within that organization who Southwest can contact to coordinate the conversion. The Conversion Notice shall accompany Correspondent's notice of termination or within thirty (30) days of the occurrence of an event specified in Section 12(b). If Correspondent fails to give the Conversion Notice to Southwest, Southwest may give to Customer such notice as Southwest deems appropriate of the termination of this Agreement and may make such arrangements as Southwest deems appropriate for transfer or delivery of Customer and Correspondent Accounts. In addition, Correspondent shall pay any costs incurred by Southwest as billed by any third party vendors such as transfer agents, etc.

Conversion of Accounts Upon Termination. In the event that this Agreement is terminated for any reason, it shall be Correspondent's responsibility to arrange for the conversion of Correspondent and Customer Accounts to another clearing broker. Correspondent will give Southwest notice (the "Conversion Notice") of.: Exhibit 10.6 - Pg. 28 (i) the name of the broker that will assume responsibility for clearing services for Customers and Correspondent; ; (ii) the date on which such broker will commence providing such services; ; (iii) Correspondent's undertaking, in form and substance satisfactory to Southwest, that Correspondent's agreement with such broker provides that such broker will accept on conversion all Correspondent and Customer Accounts, then maintained by Southwest, and all positions position of such Accounts; and and (iv) the The name of an individual within that organization who Southwest can contact to coordinate the conversion. The Conversion Notice shall accompany Correspondent's notice of termination or within thirty (30) days of the occurrence of an event specified in Section 12(b). If Correspondent correspondent fails to give the Conversion Notice to Southwest, Southwest may give to Customer such notice as Southwest deems appropriate of the termination of this Agreement and may make such arrangements as Southwest deems appropriate for transfer or delivery of Customer and Correspondent Accounts. In addition, Correspondent shall pay any costs incurred by Southwest as billed by any an third party vendors such as transfer agents, etc.

Conversion of Accounts Upon Termination. In the event that this Agreement is terminated for any reason, it shall be Correspondent's responsibility to arrange for the conversion of Correspondent and Customer Accounts to another clearing broker. Correspondent will give Southwest notice (the "Conversion Notice") of. : (i) the name of the broker that will assume responsibility for clearing services for Customers and Correspondent; ; (ii) the date on which such broker will commence providing such services; ; (iii) Correspondent's undertaking, in form and substance satisfactory to Southwest, that Correspondent's agreement with such broker provides that such broker will accept on conversion all Correspondent and Customer Accounts, then maintained by Southwest, and all positions position of such Accounts; and and (iv) the The name of an individual within that organization who Southwest can contact to coordinate the conversion. The Conversion Notice shall accompany Correspondent's notice of termination or within thirty (30) days of the occurrence of an event specified in Section 12(b). If Correspondent correspondent fails to give the Conversion Notice to Southwest, Southwest may give to Customer such notice as Southwest deems appropriate of the termination of this Agreement and may make such arrangements as Southwest deems appropriate for transfer or delivery of Customer and Correspondent Accounts. In addition, Correspondent shall pay any costs incurred by Southwest as billed by any an third party vendors such as transfer agents, etc.

Conversion of Accounts Upon Termination. In the event that this Agreement is terminated for any reason, it shall be Correspondent's responsibility to arrange for the conversion of Correspondent and Customer Accounts to another clearing broker. Correspondent will give Southwest notice (the "Conversion Notice") of.: Exhibit 10.4 - Pg. 28 (i) the name of the broker that will assume responsibility for clearing services for Customers and Correspondent; ; (ii) the date on which such broker will commence providing such services; ; (iii) Correspondent's undertaking, in form and substance satisfactory to Southwest, that Correspondent's agreement with such broker provides that such broker will accept on conversion all Correspondent and Customer Accounts, then maintained by Southwest, and all positions position of such Accounts; and and (iv) the The name of an individual within that organization who Southwest can contact to coordinate the conversion. The Conversion Notice shall accompany Correspondent's notice of termination or within thirty (30) days of the occurrence of an event specified in Section 12(b). If Correspondent correspondent fails to give the Conversion Notice to Southwest, Southwest may give to Customer such notice as Southwest deems appropriate of the termination of this Agreement and may make such arrangements as Southwest deems appropriate for transfer or delivery of Customer and Correspondent Accounts. In addition, Correspondent shall pay any costs incurred by Southwest as billed by any an third party vendors such as transfer agents, etc.