Common use of Net Capital Clause in Contracts

Net Capital. We represent that the incurrence by us of our obligations hereunder and under the Underwriting Agreement in connection with the offering of the Securities will not place us in violation of Rule 15c3-1 under the Exchange Act, if such requirements are applicable to us, or, if we are a financial institution subject to regulation by the Board of Governors of the Federal Reserve System, the Comptroller of the Currency or the Federal Deposit Insurance

Net Capital. We represent that the incurrence by us of our obligations hereunder and under the Underwriting Agreement in connection with the offering of the Securities will not place us result in a violation of Rule 15c3-1 under the Exchange Act, if such requirements are or of any similar provisions of any applicable rules of any securities exchange to us, or, if which we are a financial institution subject to regulation or of any restriction imposed on us by the Board of Governors of the Federal Reserve System, the Comptroller of the Currency any such exchange or the Federal Deposit Insuranceany governmental authority.

Net Capital. We represent that the incurrence by us of our obligations hereunder and under the Underwriting Agreement in connection with the offering of the Securities will not place us result in a violation of Rule 15c3-1 under the Exchange Act, if such requirements are or of any similar provision of any applicable rules of any securities exchange to us, or, if which we are a financial institution subject to regulation or of any restriction imposed on us by the Board of Governors of the Federal Reserve System, the Comptroller of the Currency any such exchange or the Federal Deposit Insuranceany governmental authority.

Net Capital. We represent that the incurrence by us of our obligations hereunder and under the Underwriting Agreement in connection with the offering of the Securities will not place us result in a violation of Rule 15c3-1 l under the Exchange Act, if such requirements are or of any similar provision of any applicable rules of any securities exchange to us, or, if which we are a financial institution subject to regulation or of any restriction imposed on us by the Board of Governors of the Federal Reserve System, the Comptroller of the Currency any such exchange or the Federal Deposit Insuranceany governmental authority.