Responsibility for Customers Clause Samples

Responsibility for Customers. The Representative will be responsible for procuring compliance by its Customers with this Agreement. The Representative shall enter into a written agreement with each Customer under which the Customer agrees to obligations which are substantially similar in all material respects to the Representative’s obligations under this Agreement in relation to the marketing of and solicitation of orders for the Services. Distributor may in its discretion and without giving a reason object to the appointment of any person as a Customer; Distributor will notify the Representative of any such objection. In that case, the Master Agent will not appoint the person concerned as a Customer or, if the person has already been appointed, will immediately terminate the appointment of the person concerned. If Master Agent determines that any Customer has taken any action or omitted to take any action that would be a material breach of this Agreement or applicable Law (a “Subagent Breach”), then: (i) Master Agent shall promptly notify Distributor of the same; and (ii) Master Agent shall cease permitting such Subagent to market and solicit orders for the Services if the Subagent does not cure such Subagent Breach within thirty (30) days following Master Agent providing written notice of default to the Customer with respect thereto (which notice will be sent in accordance with Master Agent’s ordinary business practices, or at the reasonable request of Distributor).
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Responsibility for Customers. You shall be responsible to ensure that all securities sold by customers will be delivered to us by settlement date in compliance with SEC and industry regulations and that cash amounts payable by customers will be paid by such customers by settlement date. You shall arrange for timely settlement of "delivery versus payment" transactions in accordance with Rule 387 of the NYSE or such other rules and procedures as may be directed by the NYSE and American Stock Exchange ("AMEX"). We reserve the right to give prior oral or written notice to you or to any customer for whom we have established an Account of failure to make timely settlement and our intentions to take remedial action. In the event of such notice, you will cooperate with us in taking such steps as may be appropriate to ensure that such customer fulfills his obligations. In all Accounts, including Margin Accounts, you shall be responsible for customer transactions and maintenance margin calls until actual and complete payment and settlement have been received by us, and in the case of checks representing such payments received by us, you shall be responsible until the funds received have actually been credited to us by our bank. We agree to use diligence in depositing such checks promptly. Without limitation you, as the introducing firm, agree to assume any and all liabilities and losses incurred in connection with any check-writing privilege and/or credit or debit card services extended by a service provider to your introduced Accounts and customers through USC. Such liabilities include, but are not limited to, losses and claims resulting from loss, theft, fraud, overdrafts, unauthorized withdrawals or charges and misappropriations.
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Related to Responsibility for Customers

  • Responsibility for Content Vendor is solely responsible for administration, content, intellectual property rights, and all materials at Vendor’s website. DIR reserves the right to require a change of listed content if, in the opinion of DIR, it does not adequately represent the Contract.

  • Responsibility for Costs The Servicer is responsible for collection from such Borrower of any recording or similar costs or expenses incidental to the granting of relief with respect to a delinquent Mortgage Loan.

  • Responsibility for Damage Resident is solely responsible for any damage, defacement or loss arising within the assigned bedroom space. All assigned residents of an apartment are jointly and severally responsible for any damage, defacement or loss to common areas, other parts of the Property, fixtures or appliances, except for the portion of damages over $100,000 where it is finally established that Resident or one or more other residents of the apartment were solely at fault for the entire loss, in which case such person(s) will be solely responsible. Resident is fully responsible for the conduct of Resident’s guests, visitors, licensees and invitees (“Guests”), including without limitation harm to individuals or damage or defacement of any part of the Property or its fixtures or property of third parties (including other residents) by such Guests.