Incorporated. We shall execute transactions for each of your customers only upon your authorization, it being understood in all cases that (a) you are acting as agent for the customer; (b) the transactions are without recourse against you by the customer; (c) as between you and the customer, the customer will have full beneficial ownership of the securities; (d) each transaction is initiated solely upon the order of the customer; and (e) each transaction is for the account of the customer and not for your account.
Appears in 10 contracts
Samples: Distribution Agreement (Nuveen Flagship Multistate Trust Iv), Distribution Agreement (Nuveen Flagship Multistate Trust Iii), Distribution Agreement (Nuveen Flagship Multistate Trust I)