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

Corporate Action Requests/Soliciting Dealer Agreements. Broker requests and authorizes First Clearing to execute as Broker’s agent-in-fact any and all Soliciting Dealer Agreements for corporate actions involving securities or other interests held by Broker’s customers on the books of First Clearing. First Clearing agrees to provide notice of the pending corporate action to Broker at its designated locations. First Clearing further agrees to collect and submit corporate action requests from Broker and submit them to the soliciting party in accordance with the instructions received from the soliciting party. First Clearing agrees to use commercially reasonable efforts to communicate corporate action information to Broker and, where applicable, Broker’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 First Clearing’s gross negligence. All fees received from the soliciting party will be credited to Broker. In consideration of providing this service to Broker, Broker agrees to indemnify and hold harmless First Clearing, 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 Paragraph.

Corporate Action Requests/Soliciting Dealer Agreements. Broker requests and authorizes First Clearing Xxxxxxng to execute as Broker’s agentBroker'x xxxxt-in-fact any and all Soliciting xxx Xxliciting Dealer Agreements for corporate actions involving securities or other interests held by Broker’s 's customers on the books of First Clearingxx Xxxshing. First Clearing Pershing agrees to provide notice of the pending corporate action to Broker at its designated locations. First Clearing Pershing further agrees to collect and colxxxx xxd submit corporate action requests from Broker and submit them to the soliciting solxxxxxxg party in accordance with the instructions received from the soliciting party. First Clearing Pershing agrees to use commercially reasonable its best efforts to communicate corporate action information to Broker and, where applicable, Broker’s 's customers, but shall not be liable xx xxable 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 First Clearing’s Pershing's gross negligence. All fees received xxxx xxxxxved from the soliciting party will be credited to Broker. In consideration of providing this provixxxx xhis service to Broker, Broker agrees to indemnify and hold harmless First Clearingindemnifx xxx hoxx xxxmless Pershing, its affiliates, officers, agents and employees from all claims, suits, investigations, damages and defense costs (including reasonable attorney’s 's fees) that arise in connection with this Paragraphparagraph.

Corporate Action Requests/Soliciting Dealer Agreements. Broker requests and authorizes First Clearing Pershing to execute as Broker’s agent-in-fact any and all Soliciting Dealer Agreements (except as provided in Paragraph 13.8) for corporate actions involving Pg. 11 securities or other interests held by Broker’s customers on the books of First ClearingPershing. First Clearing Pershing agrees to provide notice a written advice of the pending corporate action to Broker at its designated locations. First Clearing Pershing further agrees to collect and submit corporate action requests from Broker and submit them to the soliciting party in accordance with the instructions received from the soliciting party. First Clearing Pershing agrees to use commercially reasonable efforts to communicate corporate action information to Broker and, where applicable, Broker’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 First ClearingPershing’s gross negligence. All fees received from the soliciting party will be credited to Broker. In consideration of providing this service to Broker, Broker agrees to indemnify and hold harmless First ClearingPershing, 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 Paragraph.