Common use of Lost, Stolen or Forged Securities Clause in Contracts

Lost, Stolen or Forged Securities. Correspondent shall be respon­sible for any defect in title to any securities purchased, sold, borrowed, delivered or transferred under this Agreement which may have been forged, counterfeited, altered, lost, stolen, or the subject of any similar occurrence or act.

Appears in 2 contracts

Samples: Clearing Agreement (Broadpoint Securities Group, Inc.), Agreement (Broadpoint Securities Group, Inc.)

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Lost, Stolen or Forged Securities. Correspondent shall be respon­sible responsible for any defect in title to any securities purchased, sold, borrowed, delivered or transferred under this Agreement which may have been forged, counterfeited, altered, lost, stolen, or the subject of any similar occurrence or act.

Appears in 1 contract

Samples: Clearing Agreement (Hudson Holding Corp)

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Lost, Stolen or Forged Securities. Correspondent shall be respon­sible responsible for any defect in title to any securities purchased, sold, borrowed, delivered or transferred under this Agreement which may have been forged, counterfeited, raised, altered, lost, lost or stolen, or the subject of any similar occurrence or act.

Appears in 1 contract

Samples: Fully Disclosed Clearing Agreement (Nasdaq Stock Market Inc)

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