Common use of NASD Clause in Contracts

NASD. We represent that we are actually engaged in the investment banking or securities business and we are either a member in good standing of the NASD, or, if not such a member, a foreign dealer not eligible for membership. If we are such a member we agreed 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 and Section 24 of Article III of the Rules of Fair Practice. If we are such a foreign dealer, we agree not to offer or sell any Securities in the United States of America except through you and in making sales of Securities outside the United States of America, we agree to comply, as though we were a member with such Interpretation and Sections 8, 24 and 36 of Article III of the NASD's Rules of Fair Practice and to comply with Section 23 of such Article III as it applies to a nonmember broker or dealer in a foreign country.

NASD. We represent that we are actually engaged in the investment banking or securities business and we are either a member in good standing of the NASD, or, if not such a member, a foreign dealer not eligible for membership. If we are such a member we agreed 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 FreeFee-Riding and Withholding and Section 24 of Article III of the Rules of Fair Practice. If we are such a foreign dealer, we agree not to offer or sell any Securities in the United States of America except through you and in making sales of Securities outside the United States of America, America we agree to comply, comply as though we were a member with such Interpretation and Sections 8, 24 8.24 and 36 of Article III of the NASD's Rules of Fair Practice and to comply with Section 23 25 of such Article III as it applies to a nonmember broker or dealer in a foreign country.

NASD. We represent that we are actually engaged in the investment banking or securities business and we are either a member in good standing of the NASD, or, if not such a member, a foreign dealer not eligible for membership. If we are such a member member, we agreed agree that in making sales of the Securities we will comply with all applicable rules of the NASD, including, including without limitation, limitation the NASD's Interpretation ’s interpretation with Respect respect to Free-Riding and Withholding withholding and Section 24 of Article III Rule 2740 of the Conduct Rules of Fair Practicethe NASD. If we are arc such a foreign dealer, we agree not to offer or sell any Securities in the United States of America except through you and in making sales of the Securities outside the United States of America, America we agree to comply, comply as though we were a member with such Interpretation interpretation and Sections 8Rule 2730, 24 2740 and 36 of Article III 2750 of the NASD's Conduct Rules of Fair Practice the NASD and to comply with Section 23 Rule 2420 of such Article III Conduct Rules as it applies to a nonmember broker or dealer in a foreign country.

NASD. We represent that we are actually engaged in the investment banking or securities business and we are either a member in good standing of the NASD, or, if not such a member, a foreign dealer not eligible for membership. If we are such a member we agreed 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 FreeFee-Riding and Withholding and Section 24 of Article III of the Rules of Fair Practice. If we are such a foreign dealer, we agree not to offer or sell any Securities in the United States of America except through you and in making sales of Securities outside the United States of America, America we agree to comply, comply as though we were a member with such Interpretation and Sections 8, 24 and 36 of Article III of the NASD's Rules of Fair Practice and to comply with Section 23 25 of such Article III as it applies to a nonmember broker or dealer in a foreign country.

NASD. We represent that we are actually engaged in the investment banking or securities business and we are either a member in good standing of the NASD, or, if not such a member, a foreign dealer not eligible for membership. If we are such a member we agreed agree that in making sales of the Securities we will comply with all applicable rules Rules of the NASD, including, without limitation, limitations the NASD's Interpretation with Respect to Free-Riding and Withholding and Section 24 of Article III Rule 2740 of the Rules of Fair PracticeConduct Rules. If we are such a foreign dealer, we agree not to offer or sell any Securities in the United States of America except through you and in making sales of Securities outside the United States of America, America we agree to comply, comply as though we were a member with such Interpretation and Sections 8Rule 2730, 24 2740 and 36 of Article III 2750 of the NASD's Conduct Rules of Fair Practice the NASD and to comply with Section 23 Rule 2420 of such Article III the Conduct Rules of the NASD as it applies to a nonmember broker or dealer in a foreign country.

NASD. We represent that we are actually engaged in the investment banking or securities business and we are either a member in good standing of the NASD, or, if not such a member, a foreign dealer not eligible for membership. If we are such a member we agreed agree that in making sales of the Securities we will comply with all applicable rules Rules of the NASD, including, without limitation, the NASD's Interpretation with Respect to Free-Riding and Withholding and Section 24 of Article III Rule 274 of the Rules of Fair PracticeConduct Rules. If we are such a foreign dealer, we agree not to offer or sell any Securities in the United States of America except through you and in making sales of Securities outside the United States of America, America we agree to comply, comply as though we were a member with such Interpretation and Sections 8Rule 2730, 24 2740 and 36 of Article III 2750 of the NASD's Conduct Rules of Fair Practice the NASD and to comply with Section 23 Rule 2420 of such Article III the Conduct Rules of the NASD as it applies to a nonmember broker or dealer in a foreign country.

NASD. We represent that we are actually engaged in the investment banking or securities business and we are either a member in good standing of the NASD, or, if not such a member, a foreign dealer not eligible for membership. If we are such a member member, we agreed 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 and Section 24 of Article III Rule 2740 of the Rules of Fair PracticeNASD's Conduct Rules. If we are such a foreign dealer, we agree not to offer or sell any Securities in the United States of America except through you and in making sales of Securities outside the United States of America, America we agree to comply, comply as though we were a member with such Interpretation and Sections 8Rules 2730, 24 2740 and 36 of Article III 2750 of the NASD's Conduct Rules of Fair Practice and to comply with Section 23 Rule 2420 of such Article III Rules as it applies to a nonmember non-member broker or dealer in a foreign country.

NASD. We represent that we are actually engaged in the investment banking or securities business and we are either a member in good standing of the NASD, or, if not such a member, a foreign dealer not eligible for membership. If we are such a member member, we agreed 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 and Section 24 of Article III of the Rules Rule of Fair Practice. If we are such a foreign dealer, we agree not to offer or sell any Securities in the United States of America except through you and in making sales of Securities outside the United States of America, America we agree to comply, comply as though we were a member with such Interpretation and Sections 8, 24 24, and 36 of Article III of the NASD's Rules of Fair Practice and to comply with Section 23 25 of such Article III as it applies to a nonmember non-member broker or dealer in a foreign country.

NASD. We represent that we are actually engaged in the investment banking or securities business and we are either a member in good standing of the NASD, or, if not such a member, a foreign dealer not eligible for membership. If we are such a member we agreed agree that in making sales of the Securities Shares we will comply with all applicable rules of the NASD, including, without limitation, the NASD's Interpretation with Respect to Free-Riding and Withholding and Section 24 of Article III of the Rules of Fair Practice. If we are such a foreign dealer, we agree not to offer or sell any Securities Shares in the United States of America except through you and in making sales of Securities Shares outside the United States of America, America we agree to comply, comply as though we were a member with such Interpretation and Sections 8, 24 8.24 and 36 of Article III of the NASD's Rules of Fair Practice and to comply with Section 23 25 of such Article III as it applies to a nonmember broker or dealer in a foreign country.

NASD. We represent that we are actually engaged in the investment banking or securities business and we are either a member in good standing of the NASD, or, if not such a member, a foreign dealer not eligible for membership. If we are such a member we agreed that in making sales of the Securities we will comply with all applicable rules of the NASD, including, without limitationlimita tion, the NASD's Interpretation with Respect to Free-Riding and Withholding and Section 24 of Article III of the Rules of Fair Practice. If we are such a foreign dealer, we agree not to offer or sell any Securities in the United States of America except through you and in making sales of Securities outside the United States of America, we agree to comply, as though we were a member with such Interpretation and Sections 8, 24 and 36 of Article III of the NASD's Rules of Fair Practice and to comply with Section 23 of such Article III as it applies to a nonmember broker or dealer in a foreign country.

NASD. We represent that we are actually engaged in the investment banking or securities business and we are either a member in good standing of the NASD, or, if not such a member, a foreign dealer not eligible for membership. If we are such a member member, we agreed 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 and Section 24 of Article III of the Rules of Fair Practice. If we are such a foreign dealer, we agree not to offer or sell any Securities in the United States of America except through you and in making sales of Securities outside the United States of America, America we agree to comply, comply as though we were a member with such Interpretation and Sections 8, 24 24, and 36 of Article III of the NASD's Rules of Fair Practice and to comply with Section 23 25 of such Article III as it applies to a nonmember non-member broker or dealer in a foreign country.

NASD. We represent that we are actually engaged in the investment banking or securities business and we are either a member in good standing of the NASD, or, if not such a member, a foreign dealer not eligible for membership. If we are such a member we agreed agree that in making sales of the Securities we will comply with all applicable rules Rules of the NASD, including, without limitation, the NASD's Interpretation with Respect to Free-Riding and Withholding and Section 24 of Article III Rule 274 of the Rules of Fair PracticeConduct Rules. If we are such a foreign dealer, we agree not to offer or sell any Securities in the United States of America except through you and in making sales of Securities outside the United States of America, America we agree to comply, comply as though we were a member with such Interpretation and Sections 8Rule 2730, 24 2740 and 36 of Article III 2750 of the NASD's Conduct Rules of Fair Practice the NASD and to comply with Section 23 Rule 2420 of such Article III the conduct Rules of the NASD as it applies to a nonmember broker or dealer in a foreign country.