Common use of Failure of a Customer to Perform Obligations Clause in Contracts

Failure of a Customer to Perform Obligations. Any failure by any of Broker's customers to perform any commitment or obligation with respect to a transaction carried by Pershing under this Agreement, whether or not such failure was under the control of Broker.

Appears in 7 contracts

Samples: Fully Disclosed Clearing Agreement (Southern Trust Securities Holding Corp), Fully Disclosed Clearing Agreement (Pinnacle Global Group Inc), Fully Disclosed Clearing Agreement (American Portfolios Holdings Inc)

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Failure of a Customer to Perform Obligations. Any failure by any of Broker's ’s customers to perform any commitment or obligation with respect to a transaction carried by Pershing under this Agreement, whether or not such failure was under the control of Broker.

Appears in 3 contracts

Samples: Fully Disclosed Clearing Agreement (Gleacher & Company, Inc.), Fully Disclosed Clearing Agreement (Broadpoint Securities Group, Inc.), Fully Disclosed Clearing Agreement (Broadpoint Securities Group, Inc.)

Failure of a Customer to Perform Obligations. Any failure by any of Broker's ’s customers to perform any commitment or obligation with respect to a transaction carried by Pershing under this Agreement, whether or not such failure was under the control of Broker.

Appears in 3 contracts

Samples: Fully Disclosed Clearing Agreement, Fully Disclosed Clearing Agreement (Summit Financial Services Group Inc), Fully Disclosed Clearing Agreement (International Assets Holding Corp)

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Failure of a Customer to Perform Obligations. Any failure by any of -------------------------------------------- Broker's customers to perform any commitment or obligation with respect to a transaction carried by Pershing under this Agreement, whether or not such failure was under the control of Broker.

Appears in 1 contract

Samples: Fully Disclosed Clearing Agreement (Ziegler Companies Inc)

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