Common use of Representations and Warranties of Correspondent Clause in Contracts

Representations and Warranties of Correspondent. Correspondent represents and warrants to Southwest that: (i) Correspondent is a corporation duly organized, validly existing and in good standing under the laws of the state of its incorporation, and authorized to conduct business in each state where such authorization is required. (ii) Correspondent has all the requisite authority in conformity with all applicable laws and regulations to enter into this Agreement and to retain the services of Southwest in accordance with the terms hereof. (iii) Correspondent shall not conduct any securities business in accordance with the terms of this Agreement unless or until it is accepted as a member in good standing of the NASD, its registration with the SEC is effective, and it is duly licensed in accordance with the provisions of any applicable state securities laws. (iv) Correspondent shall not conduct any business in securities unless it has all requisite authority, whether arising under applicable federal or state laws, rules and regulations, or under the bylaws and rules of any securities exchange or securities association to which Correspondent is subject.- (v) Correspondent has no arrangement with any other firm for the provision by such other firm of clearing services for any Customer Acc9ounts or Correspondent Accounts, or if any such arrangement exists Correspondent has fully disclosed the nature of such arrangement to Southwest in writing.

Representations and Warranties of Correspondent. Correspondent represents and warrants to Southwest that: (i) Correspondent is a corporation duly organized, validly existing and in good standing under the laws of the state of its incorporation, and authorized to conduct business in each state where such authorization is required. (ii) Correspondent has all the requisite authority in conformity with all applicable laws and regulations to enter into this Agreement and to retain the services of Southwest in accordance with the terms hereof. (iii) Correspondent shall not conduct any securities business in accordance with the terms of this Agreement unless or until it is accepted as a member in good standing of the NASD, its registration with the SEC is effective, and it is duly licensed in accordance with the provisions of any applicable state securities laws. (iv) Correspondent shall not conduct any business in securities unless it has all requisite authority, whether arising under applicable federal or state laws, rules and regulations, or under the bylaws and rules of any securities exchange or securities association to which Correspondent is subject.- subject. (v) Correspondent has no arrangement with any other firm for the provision by such other firm of clearing services for any Customer Acc9ounts Accounts or Correspondent Accounts, or if any such arrangement exists Correspondent has fully disclosed the nature of such arrangement to Southwest in writing.

Representations and Warranties of Correspondent. Correspondent represents and warrants to Southwest that: (i) Correspondent is a corporation duly organized, validly existing and in good standing under the laws of the state of its incorporation, and authorized to conduct Exhibit 10.6 - Pg. 1 business in each state where such authorization is required. (ii) Correspondent has all the requisite authority in conformity with all applicable laws and regulations to enter into this Agreement and to retain the services of Southwest in accordance with the terms hereof. (iii) Correspondent shall not conduct any securities business in accordance with the terms of this Agreement unless or until it is accepted as a member in good standing of the NASD, its registration with the SEC is effective, and it is duly licensed in accordance with the provisions of any applicable state securities laws. (iv) Correspondent shall not conduct any business in securities unless it has all requisite authority, whether arising under applicable federal or state laws, rules and regulations, or under the bylaws and rules of any securities exchange or securities association to which Correspondent is subject.- subject. (v) Correspondent has no arrangement with any other firm for the provision by such other firm of clearing services for any Customer Acc9ounts or Correspondent Accounts, or if any such arrangement exists Correspondent has fully disclosed the nature of such arrangement to Southwest in writing.

Representations and Warranties of Correspondent. Correspondent represents and warrants to Southwest that: (i) Correspondent is a corporation duly organized, validly existing and in good standing under the laws of the state of its incorporation, and authorized to conduct Exhibit 10.4 - Pg. 1 business in each state where such authorization is required. (ii) Correspondent has all the requisite authority in conformity with all applicable laws and regulations to enter into this Agreement and to retain the services of Southwest in accordance with the terms hereof. (iii) Correspondent shall not conduct any securities business in accordance with the terms of this Agreement unless or until it is accepted as a member in good standing of the NASD, its registration with the SEC is effective, and it is duly licensed in accordance with the provisions of any applicable state securities laws. (iv) Correspondent shall not conduct any business in securities unless it has all requisite authority, whether arising under applicable federal or state laws, rules and regulations, or under the bylaws and rules of any securities exchange or securities association to which Correspondent is subject.- subject. (v) Correspondent has no arrangement with any other firm for the provision by such other firm of clearing services for any Customer Acc9ounts or Correspondent Accounts, or if any such arrangement exists Correspondent has fully disclosed the nature of such arrangement to Southwest in writing.