Common use of NASD Matters Clause in Contracts

NASD Matters. We represent that we are either (a) a member in good standing of the NASD who agrees to comply with all applicable rules of the NASD, including without limitation, the NASD's Interpretation with Respect to Free-Riding and Withholding (IM-2110-1) and NASD Rules 2730, 2740 and 2750, or (b) a foreign bank or dealer not eligible for membership in the NASD who hereby agrees to make no sales within the United States, its territories or its possessions nor to persons who are citizens thereof or residents therein, and in making the sales to comply with the above-mentioned NASD Interpretation (IM-2110-1) and NASD Rules 2730, 2740 and 2750 as if we were an NASD member and to comply with NASD Rule 2420 as that section applies to a nonmember foreign dealer. We confirm that we are familiar with NASD Rule IM-2110-1, and we agree to comply with Rule IM-2110-1 in offering and selling Securities to the public. By our participation in an offering of Securities, we further represent that neither we nor any of our directors, officers, partners or "persons associated with" us (as defined in the NASD's rules), nor, to our knowledge any "related person" (as defined in NASD Rule 2710), have participated or intend to participate in any transaction or dealing as to which documents or information are required to be filed with the NASD pursuant to Rule 2710.

NASD Matters. We represent that we are either (a) a member in good standing of the NASD who agrees to comply with all applicable rules of the NASD, including without limitation, the NASD's Interpretation with Respect to FreeFee-Riding and Withholding (IM-2110-1) and NASD Rules 2730, 2740 and 2750, or (b) a foreign bank or dealer not eligible for membership in the NASD who hereby agrees to make no sales within the United States, its territories or its possessions nor to persons who are citizens thereof or residents therein, and in making the sales to comply with the above-mentioned NASD Interpretation (IM-2110-1) and NASD Rules 2730, 2740 and 2750 as if we were an NASD member and to comply with NASD Rule 2420 as that section applies to a nonmember foreign dealer. We confirm that we are familiar with NASD Rule IM-2110-1, and we agree to comply with Rule IM-2110-1 in offering and selling Securities to the public. By our participation in an offering of Securities, we further represent that neither we nor any of our directors, officers, partners or "persons associated with" us (as defined in the NASD's rules), nor, to our knowledge any "related person" (as defined in NASD Rule 2710), have participated or intend to participate in any transaction or dealing as to which documents or information are required to be filed with the NASD pursuant to Rule 2710.