Responsibility for Affiliates. Participant shall be responsible and liable to MLS for the acts and omissions of its Affiliates, and shall be responsible for each Affiliate’s compliance with the Rules and Regulations. Any failure to comply with the Rules and Regulations by an Affiliate shall be deemed a failure to comply by Participant, and Participant shall be responsible and liable to MLS for any damages incurred by MLS arising from or as a result of an Affiliate’s noncompliance with the Rules and Regulations.
Appears in 3 contracts
Samples: Participation Agreement, Participation Application and Agreement, Participation Agreement
Responsibility for Affiliates. Participant shall be responsible and liable to MLS 34 for the acts and omissions of its Affiliates, and shall be responsible for each Affiliate’s 35 compliance with the Rules and Regulations. Any failure to comply with the Rules and 36 Regulations by an Affiliate shall be deemed a failure to comply by Participant, and Participant 37 shall be responsible and liable to MLS for any damages incurred by MLS arising from or as a 38 result of an Affiliate’s noncompliance with the Rules and Regulations.
Appears in 1 contract
Samples: Participation Agreement
