Common use of NASD Membership Clause in Contracts

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. (IF APPLICABLEif applicable) Each party to this agreementAgreement, if acting as a brokerBroker/dealerDealer, represents that it is a member of the National Association of Securities Dealers, Inc. ("NASD"). Each party further agrees to comply with all applicable state and federal lawslaw, rules, and regulations. Broker/dealerDealer's expulsion from the NASD shall automatically terminate this agreement Agreement without notice. Broker/dealerDealer's suspension will terminate this agreement Agreement immediately upon written or oral notice from Lincoln National received by brokerBroker/dealerDealer.

NASD Membership. (IF APPLICABLEif applicable) Each party to this agreementAgreement, if acting as a brokerBroker/dealerDealer, represents that it is a member of the National Association of Securities Dealers, Inc. ("NASD"). Each party further agrees to comply with all applicable state and federal lawslaw, rules, and regulations. Broker/dealerDealer's expulsion from the NASD shall automatically terminate this agreement Agreement without notice. Broker/dealerDealer's suspension will terminate this agreement Agreement immediately upon written or oral notice from Lincoln National received by brokerBroker/dealerDealer.

NASD Membership. (IF APPLICABLE) Each party to this agreementAgreement, if acting as a brokerBroker/dealerDealer, represents that it is a member of the National Association of Securities Dealers, Inc. ("NASD"). Each party further agrees to comply with all applicable state and federal lawslaw, rules, and regulations. Broker/dealerDealer's expulsion from the NASD shall automatically terminate this agreement Agreement without notice. Broker/dealerDealer's suspension will terminate this agreement Agreement immediately upon written or oral notice from Lincoln National received by brokerBroker/dealerDealer.

NASD Membership. (IF APPLICABLE) Each party to this agreement, if acting as a broker/dealer, Agreement represents that it is a member of the National Association of Securities Dealers, Inc. (NASD). Each party further agrees to comply with all applicable state and federal lawslaw, rules, and regulations. The Broker/dealerDealer's expulsion from the NASD shall automatically terminate this agreement Agreement without notice. The Broker/dealerDealer's suspension will terminate this agreement Agreement immediately upon written or oral notice from Lincoln National received by brokerto the Broker/dealerDealer.