Common use of Corporate Action Requests/Soliciting Dealer Agreements Clause in Contracts

Corporate Action Requests/Soliciting Dealer Agreements. Introducing Firm requests and authorizes Clearing Agent to execute as Introducing Firm’s agent-in-fact any and all Soliciting Dealer Agreements (except as provided in Section 12.7) for corporate actions involving securities or other interests held by Introducing Firm’s customers on the books of Clearing Agent. Clearing Agent agrees to provide a written notice of the pending corporate action to Introducing Firm at its designated locations. Clearing Agent further agrees to collect and submit corporate action requests from Introducing Firm and submit them to the soliciting party in accordance with the instructions received from the soliciting party. Clearing Agent agrees to use commercially reasonable efforts to communicate corporate action information to Introducing Firm and, where applicable, Introducing Firm’s customers, but shall not be liable for a) any delays in the communication of corporate action information or b) delays in the transmission of collected corporate action requests to the soliciting party unless caused by Clearing Agent’s gross negligence. All fees received from the soliciting party will be credited to Introducing Firm. In consideration of providing this service to Introducing Firm, Introducing Firm agrees to indemnify and hold harmless Clearing Agent, its affiliates, officers, agents and employees from all claims, suits, investigations, damages and defense costs (including reasonable attorney’s fees) that arise in connection with this Section.

Corporate Action Requests/Soliciting Dealer Agreements. Introducing Firm requests and authorizes Clearing Agent Firm to execute as Introducing Firm’s agent-in-fact any and all Soliciting Dealer Agreements (except as provided in Section 12.7) for corporate actions involving securities or other interests held by Introducing FirmBroker’s customers on the books of Clearing AgentFirm, except for investment company securities. Clearing Agent agrees to Firm shall provide a written notice advice of the pending corporate action to Introducing Firm at its designated locationsFirm. Clearing Agent Firm further agrees to collect and submit corporate action requests from Introducing Firm and submit them to the soliciting party in accordance with the instructions received from the soliciting party. Clearing Agent agrees to Firm shall use commercially reasonable efforts to communicate corporate action information to Introducing Firm and, where applicable, Introducing Firm’s customers, but shall not be liable for a(1) any delays in the communication of corporate action information information, or b(2) delays in the transmission of collected corporate action requests to the soliciting party unless caused by Clearing AgentFirm’s gross negligence. All fees received from the soliciting party will be credited to Introducing retained by Clearing Firm. In consideration of providing this service to Introducing Firm, Introducing Firm agrees to indemnify and hold harmless Clearing AgentFirm, its affiliates, officers, agents and employees from all claims, suits, investigations, damages and defense costs (including reasonable attorney’s fees) that may arise in connection with the services provided under this SectionSection unless any or all of the foregoing items arise from the Clearing Firm’s willful misconduct.