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 broker provides that such broker will accept on conversion all Broker and customers 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 give to Broker'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. The expense of 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 ’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 customers 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 give to notify 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. The In such event, the expense of providing such notice 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 First Clearing Notice (the "“Conversion Notice"”) of 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 ’s undertaking, in form and substance satisfactory to PershingFirst Clearing, that Broker's ’s agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customers customer accounts then maintained by Pershing, First Clearing; and (iv) the name of an individual or individuals within new clearing broker's ’s organization whom Pershing First Clearing 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 PershingFirst Clearing, Pershing First Clearing may give to notify Broker's ’s customers such notice 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. The expense of providing such notice 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 customers 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 give to notify 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. The expense of providing such notice 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-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 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 customers 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 give to notify Broker'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. The expense of providing such notice 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 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 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 customers 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 give to notify Broker'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. The expense of providing such notice 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 Pg. 23 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 customers 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 give to notify 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. The expense of providing such notice 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 and its customer Customers’ accounts to another clearing broker or to Broker if it becomes self-clearing. Broker shall give Pershing notice RJO 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 undertaking, in form and substance satisfactory to PershingRJO, that Broker's agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customers Customer accounts and liabilities then maintained by Pershing, RJO; and (iv) the name of an individual or individuals within new clearing broker's organization whom Pershing RJO 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 PershingRJO, Pershing RJO may give to notify Broker's customers such notice 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. The expense of providing such notice 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 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 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 customers 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 give to notify Broker'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. The reasonable expense of providing such notice 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 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 undertaking, in form and substance satisfactory to Pershing, that Broker-Broker's agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customers 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 give to notify Broker'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. The expense of providing such notice 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 customers 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 give to notify 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. The expense of providing such notice 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 notice Clearing Broker Notice (the "Conversion Notice") of of: (i) the name of the broker that will assume responsibility for clearing services for Customers and Broker, the Accounts; (ii) the date on which such broker will commence providing such services, ; (iii) BrokerCorrespondent's undertaking, in form and substance satisfactory to PershingClearing Broker, that BrokerCorrespondent's agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customers accounts Accounts then maintained by Pershing, Clearing Broker; and (iv) the name of an individual or individuals within new clearing broker's organization whom Pershing Clearing Broker may contact to coordinate the conversion. The Conversion Notice shall accompany BrokerCorrespondent's notice of termination given pursuant to this paragraphParagraph. If Broker Correspondent fails to give Conversion Notice to PershingClearing Broker, Pershing Clearing Broker may give to Brokernotify Correspondent's customers such notice 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. The expense of providing such notice notifying those 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 cxxxxxxion of Broker's and its customer accounts to accounxx xx 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 undertaking, in form and substance satisfactory to Pershing, that Broker-Broker's agreement with such clearing broker provides that such clearing broker will accept on conversion all Broker and customers customer accounts then maintained by Pershing, ; and (iv) the name of an individual xx xx xxdividual 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 gxxxx xursuant to this paragraph. If Broker fails to give Conversion Notice to Pershing, Pershing may give to notify Broker'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. The expense of providing such notice notifying those customers and making such arrangements shall be charged to Broker.