Common use of OBLIGATIONS OF BROKER-DEALER Clause in Contracts

OBLIGATIONS OF BROKER-DEALER. (a) BEST EFFORTS BASIS. The Notes will be sold solely on a "best efforts" basis. Broker-Dealer makes no warranty as to its ability to sell and distribute any minimum dollar amount of Notes. In this context, "best efforts" means that Broker-Dealer will staff the sales effort of the Notes in a manner not less favorable than other projects in which Broker-Dealer has undertaken to sell securities on a "best efforts" basis.

OBLIGATIONS OF BROKER-DEALER. (a) BEST EFFORTS BASIS. The Notes will be sold solely on a "best efforts" best-efforts basis. Broker-Dealer makes no warranty as to its ability to sell and distribute any minimum dollar amount of Notes. In this context, "best best-efforts" means that Broker-Dealer will staff the sales effort of the Notes in a manner not less favorable than other projects in which Broker-Dealer has undertaken to sell securities on a "best best-efforts" basis.