Common use of Notice to Distributor Clause in Contracts

Notice to Distributor. You agree to notify us in writing immediately in the event of the following: (i) your expulsion or suspension from the FINRA; (ii) your becoming subject to any enforcement action by the Securities and Exchange Commission, FINRA or any other self-regulatory organization; (iii) your violation of any applicable federal or state law, rule or regulation or self-regulatory organization rule affecting your ability to act in accordance with the terms of this contract; and/or (iv) any action by or communication from any authority that may affect your status as a bank or which may otherwise affect your ability to act under the terms of this contract in any material way.