Common use of Conversion of Accounts Clause in Contracts

Conversion of Accounts. In the event that this Agreement is terminated for any reason, Broker shall arrange for the conversion of Broker’s and its customer accounts to another clearing broker or to Broker if it becomes self-clearing. Broker shall give Pershing Notice (the “Conversion Notice”) of: (i) the name of the broker that will assume responsibility for clearing services for Customers and Broker; (ii) the date on which such broker will commence providing such services; (iii) Broker’s undertaking, in form and substance satisfactory to Pershing, that Broker’s agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer accounts then maintained by Pershing; and (iv) the name of an individual or individuals within new clearing broker’s organization whom Pershing may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s notice of termination given pursuant to this Paragraph. If Broker fails to give Conversion Notice to Pershing, Pershing may notify Broker’s customers as Pershing deems appropriate of the termination of this Agreement and may make such arrangements as Pershing deems appropriate for transfer or delivery of customer and Broker accounts. In such event, the expense of notifying those customers and making such arrangements shall be charged to Broker.

Conversion of Accounts. In the event that this Agreement is terminated for any reason, Broker shall arrange for the conversion of Broker’s 's and its customer accounts to another clearing broker or to Broker if it becomes self-clearing. Broker shall give Pershing Notice notice (the “"Conversion Notice”") of: of (i) the name of the broker that will assume responsibility for clearing services for Customers and Broker; , (ii) the date on which such broker will commence providing such services; , (iii) Broker’s 's undertaking, in form and substance satisfactory to Pershing, that Broker’s 's agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer customers accounts then maintained by Pershing; , and (iv) the name of an individual or individuals within new clearing broker’s 's organization whom Pershing may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s 's notice of termination given pursuant to this Paragraphparagraph. If Broker fails to give Conversion Notice to Pershing, Pershing may notify give to Broker’s 's customers such notice as Pershing deems appropriate of the termination of this Agreement and may make such arrangements as Pershing deems appropriate for transfer or delivery of customer and Broker accounts. In such event, the The expense of notifying those customers providing such notice and making such arrangements shall be charged to Broker.

Conversion of Accounts. In the event that this Agreement is terminated for any reason, Broker shall arrange for the conversion of Broker’s and its customer accounts to another clearing broker or to Broker if it becomes self-clearing. Broker shall give Pershing First Clearing Notice (the “Conversion Notice”) of: (i) the name of the broker that will assume responsibility for clearing services for Customers customers and Broker; (ii) the date on which such broker will commence providing such services; (iii) Broker’s undertaking, in form and substance satisfactory to PershingFirst Clearing, that Broker’s agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer accounts then maintained by PershingFirst Clearing; and (iv) the name of an individual or individuals within new clearing broker’s organization whom Pershing First Clearing may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s notice of termination given pursuant to this Paragraph. If Broker fails to give Conversion Notice to PershingFirst Clearing, Pershing First Clearing may notify Broker’s customers as Pershing First Clearing deems appropriate of the termination of this Agreement and may make such arrangements as Pershing First Clearing deems appropriate for transfer or delivery of customer and Broker accounts. In such event, the The expense of notifying those customers and making such arrangements shall be charged to Broker.

Conversion of Accounts. In the event that this Agreement is terminated ---------------------- for any reason, Broker shall arrange for the conversion of Broker’s 's and its customer accounts to another clearing broker or to Broker if it becomes self-self- clearing. Broker shall give Pershing Notice (the “"Conversion Notice”") of: (i) the name of the broker that will assume responsibility for clearing services for Customers and Broker; (ii) the date on which such broker will commence providing such services; (iii) Broker’s 's undertaking, in form and substance satisfactory to Pershing, that Broker’s 's agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer accounts then maintained by Pershing; and (iv) the name of an individual or individuals within new clearing broker’s 's organization whom Pershing may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s 's notice of termination given pursuant to this Paragraphparagraph. If Broker fails to give Conversion Notice to Pershing, Pershing may notify Broker’s 's customers as Pershing deems appropriate of the termination of this Agreement and may make such arrangements as Pershing deems appropriate for transfer or delivery of customer and Broker accounts. In such event, the The expense of notifying those customers and making such arrangements shall be charged to Broker.

Conversion of Accounts. In the event that this Agreement is terminated for any reason, Broker shall arrange for the conversion of Broker’s and its customer accounts to another clearing broker or to Broker if it becomes self-clearing. Broker shall give Pershing Notice (the “Conversion Notice”) of: (i) the name of the broker that will assume responsibility for clearing services for Customers and Broker; (ii) the date on which such broker will commence providing such services; (iii) Broker’s undertaking, in form and substance satisfactory to Pershing, that Broker’s agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer accounts then maintained by Pershing; and (iv) the name of an individual or individuals within new clearing broker’s organization whom Pershing may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s notice of termination given pursuant to this Paragraphparagraph. If Broker fails to give Conversion Notice to Pershing, Pershing may notify Broker’s customers as Pershing deems appropriate of the termination of this Agreement and may make such arrangements as Pershing deems appropriate for transfer or delivery of customer and Broker accounts. In such event, the The expense of notifying those customers and making such arrangements shall be charged to Broker.

Conversion of Accounts. In the event that this Agreement is terminated for any reason, Broker shall arrange for the conversion cxxxxxxion of Broker’s 's and its customer accounts to accounxx xx another clearing broker or to Broker if it becomes self-clearing. Broker shall give Pershing Notice (the “"Conversion Notice”") of: (i) the name of the broker that will assume responsibility for clearing services for Customers and Broker; (ii) the date on which such broker will commence providing such services; (iii) Broker’s 's undertaking, in form and substance satisfactory to Pershing, that Broker’s -Broker's agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer accounts then maintained by Pershing; and (iv) the name of an individual xx xx xxdividual or individuals within new clearing broker’s 's organization whom Pershing may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s 's notice of termination given pursuant gxxxx xursuant to this Paragraphparagraph. If Broker fails to give Conversion Notice to Pershing, Pershing may notify Broker’s 's customers as Pershing deems appropriate of the termination of this Agreement and may make such arrangements as Pershing deems appropriate for transfer or delivery of customer and Broker accounts. In such event, the The expense of notifying those customers and making such arrangements shall be charged to Broker.

Conversion of Accounts. In the event that this Agreement is terminated for any reason, Broker Correspondent shall arrange for the conversion of Broker’s and its customer accounts the Accounts to another clearing broker or to Broker Correspondent if it becomes self-clearing. Broker Correspondent shall give Pershing Clearing Broker Notice (the “"Conversion Notice”") of: (i) the name of the broker that will assume responsibility for clearing services for Customers and Brokerthe Accounts; (ii) the date on which such broker will commence providing such services; (iii) Broker’s Correspondent's undertaking, in form and substance satisfactory to PershingClearing Broker, that Broker’s Correspondent's agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer accounts Accounts then maintained by PershingClearing Broker; and (iv) the name of an individual or individuals within new clearing broker’s 's organization whom Pershing Clearing Broker may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s Correspondent's notice of termination given pursuant to this Paragraph. If Broker Correspondent fails to give Conversion Notice to PershingClearing Broker, Pershing Clearing Broker may notify Broker’s customers Correspondent's Customers as Pershing Clearing Broker deems appropriate of the termination terms of this Agreement and may make such arrangements as Pershing Clearing Broker deems appropriate for the transfer or delivery of customer and Broker accountsthe Accounts. In such event, the The expense of notifying those customers Customers and making such arrangements shall be charged to BrokerCorrespondent.

Conversion of Accounts. In the event that this Agreement is terminated for any reason, Broker shall arrange for the conversion of Broker’s and its customer accounts to another clearing broker or to Broker if it becomes self-clearing. Broker shall give Pershing Notice (the “Conversion Notice”) of: (i) the name of the broker that will assume responsibility for clearing services for Customers and Broker; (ii) the date on which such broker will commence providing such services; (iii) Broker’s undertaking, in form and substance satisfactory to Pershing, that Broker’s agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer accounts then maintained by Pershing; and (iv) the name of an individual or individuals within new clearing broker’s organization whom Pershing may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s notice of termination given pursuant to this Paragraph. If Broker fails to give Conversion Notice to Pershing, Pershing may notify Broker’s customers as Pershing deems appropriate of the termination of this Agreement and may make such arrangements as Pershing deems appropriate for transfer or delivery of customer and Broker accounts. In such event, the The expense of notifying those customers and making such arrangements shall be charged to Broker.

Conversion of Accounts. In the event that this Agreement is terminated for any reason, Broker shall arrange for the conversion of Broker’s and its customer accounts to another clearing broker or to Broker if it becomes self-clearing. Broker shall give Pershing Notice (the “Conversion Notice”) of: (i) the name of the broker that will assume responsibility for clearing services for Customers and Pg. 23 Broker; (ii) the date on which such broker will commence providing such services; (iii) Broker’s undertaking, in form and substance satisfactory to Pershing, that Broker’s agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer accounts then maintained by Pershing; and (iv) the name of an individual or individuals within new clearing broker’s organization whom Pershing may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s notice of termination given pursuant to this Paragraph. If Broker fails to give Conversion Notice to Pershing, Pershing may notify Broker’s customers as Pershing deems appropriate of the termination of this Agreement and may make such arrangements as Pershing deems appropriate for transfer or delivery of customer and Broker accounts. In such event, the The expense of notifying those customers and making such arrangements shall be charged to Broker.

Conversion of Accounts. In the event that this Agreement is terminated for any reason, Broker shall arrange for the conversion of Broker’s 's and its customer accounts to another clearing broker or to Broker if it becomes self-clearing. Broker shall give Pershing Notice (the “"Conversion Notice”") of: (i) the name of the broker that will assume responsibility for clearing services for Customers and Broker; (ii) the date on which such broker will commence providing such services; (iii) Broker’s 's undertaking, in form and substance satisfactory to Pershing, that Broker’s -Broker's agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer accounts then maintained by Pershing; and (iv) the name of an individual or individuals within new clearing broker’s 's organization whom Pershing may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s 's notice of termination given pursuant to this Paragraphparagraph. If Broker fails to give Conversion Notice to Pershing, Pershing may notify Broker’s 's customers as Pershing deems appropriate of the termination of this Agreement and may make such arrangements as Pershing deems appropriate for transfer or delivery of customer and Broker accounts. In such event, the The expense of notifying those customers and making such arrangements shall be charged to Broker.

Conversion of Accounts. In the event that this Agreement is terminated for any reason, Broker shall arrange for the conversion of Broker’s 's and its customer accounts to another clearing broker or to Broker if it becomes self-clearing. Broker shall give Pershing Notice (the “"Conversion Notice”") of: (i) the name of the broker that will assume responsibility for clearing services for Customers and Broker; (ii) the date on which such broker will commence providing such services; (iii) Broker’s 's undertaking, in form and substance satisfactory to Pershing, that Broker’s 's agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer accounts then maintained by Pershing; and (iv) the name of an individual or individuals within new clearing broker’s 's organization whom Pershing may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s 's notice of termination given pursuant to this Paragraph. If Broker fails to give Conversion Notice to Pershing, Pershing may notify Broker’s 's customers as Pershing deems appropriate of the termination of this Agreement and may make such arrangements as Pershing deems appropriate for transfer or delivery of customer and Broker accounts. In such event, the The expense of notifying those customers and making such arrangements shall be charged to Broker.

Conversion of Accounts. In the event that this Agreement is terminated for any reasonreason other than pursuant to paragraph 16.3, Broker shall arrange for the conversion of Broker’s 's and its customer Customers’ accounts to another clearing broker or to Broker if it becomes self-clearing. Broker shall give Pershing RJO Notice (the “"Conversion Notice”") of: (i) the name of the broker that will assume responsibility for clearing services for Customers and Broker; (ii) the date on which such broker will commence providing such services; (iii) Broker’s 's undertaking, in form and substance satisfactory to PershingRJO, that Broker’s 's agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer Customer accounts and liabilities then maintained by PershingRJO; and (iv) the name of an individual or individuals within new clearing broker’s 's organization whom Pershing RJO may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s 's notice of termination given pursuant to this Paragraphparagraph. If Broker fails to give Conversion Notice to PershingRJO, Pershing RJO may notify Broker’s customers 's Customers as Pershing RJO deems appropriate of the termination of this Agreement and may make such arrangements as Pershing RJO deems appropriate for transfer or delivery of customer Customer and Broker accounts. In such event, the The expense of notifying those customers and making such arrangements shall be charged to Broker. With respect to any such conversion, each party shall comply with the Rules, including but not limited to CFTC Regulation 1.65.

Conversion of Accounts. In the event that this Agreement is terminated for any reason, Broker shall arrange for the conversion of Broker’s 's and its customer accounts to another clearing broker or to Broker if it becomes self-clearing. Broker shall give Pershing Notice (the “"Conversion Notice”") of: (i) the name of the broker that will assume responsibility for clearing services for Customers and Broker; (ii) the date on which such broker will commence providing such services; (iii) Broker’s 's undertaking, in form and substance satisfactory to Pershing, that Broker’s 's agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customer accounts then maintained by Pershing; and (iv) the name of an individual or individuals within new clearing broker’s 's organization whom Pershing may contact to coordinate the conversion. The Conversion Notice shall accompany Broker’s 's notice of termination given pursuant to this Paragraphparagraph. If Broker fails to give Conversion Notice to Pershing, Pershing may notify Broker’s 's customers as Pershing deems appropriate of the termination of this Agreement and may make such arrangements as Pershing deems appropriate for transfer or delivery of customer and Broker accounts. In such event, the The reasonable expense of notifying those customers and making such arrangements shall be charged to Broker.