NASD Membership. (a) You and we are registered and/or licensed as a broker and/or dealer under the federal and applicable state laws. You and we represent and warrant to each other that you and we are each members of the National Association of Securities Dealers, Inc. (the “NASD”).
(b) Each of us agrees to notify the other immediately if we cease to be registered or licensed as a broker or dealer or fail to be a member in good standing of the NASD.
(c) You and we agree to abide by the rules and regulations of the NASD, including, without limitation, Rule 2830 of the NASD Conduct Rules.
NASD Membership. (IF APPLICABLE) Each party to this agreement, if acting as a broker/dealer, represents that it is a member of the National Association of Securities Dealers, Inc. Each party further agrees to comply with all applicable state and federal laws, rules, and regulations. Broker/dealer's expulsion from the NASD shall automatically terminate this agreement without notice. Broker/dealer's suspension will terminate this agreement immediately upon written or oral notice from Lincoln National received by broker/dealer.
NASD Membership. State whether you are a "member" of the National Association of Securities Dealers, Inc. (the "NASD"), a "Person associated with a member" or an "underwriter or a related Person" with respect to the proposed offering.
NASD Membership. You represent that you are, and at the time of purchasing any shares of CEF will be, a member in good standing of the National Association of Securities Dealers, Inc.
NASD Membership. You represent that you are a member in good standing of the NASD, and we represent that we are (i) a member in good standing of the NASD, (ii) a Bank that is not a member of the NASD, or (iii) a foreign non-member. If we are an NASD a member we agree that in making sales of the Securities we will comply with all applicable rules of the NASD, including, without limitation, the NASD's Interpretation with Respect to Free-Riding and Withholding (the "Interpretation") and Rule 2740 of the NASD's Conduct Rules. If we are not a NASD member, we agree to comply as though we were a member with the requirements of the Interpretation and Rules 2730, 2740 and 2750 of such Conduct Rules. If we are such a foreign non-member, we agree not to offer or sell any Securities in the United States of America, its territories or possessions or to persons who are nationals thereof or residents therein, except through you and as approved by you and in making sales of Securities we agree to comply with Rule 2420 of such Conduct Rules as it applies to a non-member broker or dealer in a foreign country. If we are such a foreign bank, we represent that, unless otherwise notified in writing to you prior to the date hereof, we are not an entity covered in (i), (ii) or (iii) of the last paragraph of Section 8 hereof. If we are a Bank, we agree that we will not accept any portion of the management fee paid by the Underwriters with respect to the offering of any Securities or, in connection with the public offering of any Securities that do not constitute "exempted securities" within the meaning of Section 3(a)(12) of the Exchange Act, purchase any Securities at a discount from the offering price from any Underwriter or Selected Dealer or otherwise accept any selling concession, discount or other allowance from any Underwriter or Selected Dealer, which in any such case is not permitted under such Conduct Rules, and we agree to comply with Rule 2420 of such Conduct Rules of the Rules as though we were a member.
NASD Membership. Each of us represents that it is a member in good standing of the NASD or that we are exempt from the rules and regulations of the NASD and will, in making sales of Securities, comply with the Rules of Fair Practice of the NASD. In connection with our sale of the Securities, and without limiting the foregoing, we specifically agree to comply with Section 24 of Article III of the NASD Rules of Fair Practice.
NASD Membership. The Investor acknowledges that if he or she is a registered employee or principal of a NASD member firm, the Investor must give such firm notice required by the NASD’s Rules of Fair Practice, receipt of which must be acknowledged by such firm and delivered to the Company
NASD Membership. 16 Section 2.15
NASD Membership. You are a member, in good standing, of the National Association of Securities Dealers, Inc. (“NASD”), and are duly registered as a broker-dealer under the 1934 Act, and under the laws of each state in which you propose to offer the Shares, except where such registration would not be required by law.
NASD Membership. Except as to foreign brokers properly exempt from such requirements, Dealer is a member in good standing of the NASD, and in making the offers and sales of the Shares, Dealer will comply with the NASD's Interpretation with respect to Free-Riding and Withholding and with the provisions of Sections 8, 24, 25 and 36 of Article III of the NASD Rules
