Common use of Customer Agreements and Related Documentation Clause in Contracts

Customer Agreements and Related Documentation. The Company has in its possession, and has delivered true, complete and correct copies to Buyer of, the valid, binding and enforceable documentation necessary to maintain each customer's account and to perform brokerage and related services for its customers, in a manner consistent with its activities on behalf of such customers. Each transaction effected by the Company in an account on behalf of a customer has been duly authorized and was performed in accordance with the terms of the customer agreement or other documentation and applicable federal and state securities and commodities Laws.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Penson Worldwide Inc), Stock Purchase Agreement (Penson Worldwide Inc)

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Customer Agreements and Related Documentation. The Company has in its possession, and has delivered true, made available true and complete and correct copies to Buyer the Buyers of, the valid, binding and enforceable documentation necessary to maintain each customer's ’s account and to perform brokerage and related services for its customers, in a manner consistent with its activities on behalf of such customers. Each transaction effected by the Company in an account on behalf of a customer has been duly authorized and was performed in accordance with the terms of the customer agreement or other documentation and applicable federal and state securities and commodities Laws.

Appears in 1 contract

Samples: Partnership Interest Purchase Agreement (Intl Fcstone Inc.)

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Customer Agreements and Related Documentation. The With respect to the customers of the Business, the Company has in its possession, and has delivered true, complete and correct copies to Buyer of, the valid, binding and enforceable documentation necessary to maintain each customer's ’s account and to perform brokerage and related services for its such customers, in a manner consistent with its activities on behalf of such customers. Each From and after March 25, 2005, each transaction effected by the Company in an account on behalf of a customer such customers has been duly authorized and was performed in accordance with the terms of the customer agreement or other documentation and applicable federal and state securities and commodities Laws.

Appears in 1 contract

Samples: Asset Purchase Agreement (Penson Worldwide Inc)

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