Responsibility of Broker. Except for permitting a withdrawal or payment in violation of Section 4 above or advancing margin or other credit to Debtor in violation of Section 2 above, Broker shall have no responsibility or liability to Administrative Agent for making trades of financial assets held in the Account at the direction of Debtor, or his authorized representatives, or complying with entitlement orders concerning the Account from Debtor, or his authorized representatives, which are received by Broker before Broker receives a Notice of Exclusive Control. Broker shall have no responsibility or liability to Debtor for complying with a Notice of Exclusive Control or complying with entitlement orders concerning the Account originated by Administrative Agent. Broker shall have no duty to investigate or make any determination as to whether a default exists under the Credit Agreement or any other agreement between Debtor and any Secured Party and shall comply with a Notice of Exclusive Control even if it believes that no such default exists. This Agreement does not create any obligation or duty of Broker other than those expressly set forth herein.
Responsibility of Broker. Except for permitting a withdrawal or payment in violation of Sections 3 or 4 above or advancing margin or other credit to Borrower in violation of Section 5 above, Broker shall have no responsibility or liability to Lender for making trades of financial assets held in the Account at the instruction of Borrower, or its authorized representatives, or complying with entitlement orders concerning the Account originated by the Lender. Broker shall have no duty to investigate or make any determination as to whether an Event of Default exists and shall comply with a Notice of Exclusive Control even if it believes that an Event of Default does not exist. Neither this Agreement nor the Loan Agreement imposes or creates any obligation or duty of Broker other than those expressly set forth herein.
Responsibility of Broker. Except for permitting a withdrawal or payment in violation of Section 3 above Broker shall have no responsibility or liability to Creditor for making trades of financial assets held in the Account at the instruction of Debtor, or its authorized representatives, which are received by Broker before Broker receives a Notice of Exclusive Control. Broker shall have no responsibility or liability to Debtor for complying with a Notice of Exclusive Control or complying with entitlement orders concerning the Account originated by Creditor. Broker shall have no duty to investigate or make any determination as to whether an Event of Default exists and shall comply with a Notice of Exclusive Control even if it believes that an Event of Default does not exist. Neither this Agreement nor the Security Instruments impose or create any obligation or duty of Broker other than those expressly set forth herein. Creditor and Debtor hereby agree to indemnify, defend, and hold harmless Broker, its officers, directors, employees, and agents against claims, liabilities, and expenses arising out of this agreement (including reasonable attorneys’ fees and disbursements), except to the extent the claims, liabilities, or expenses are caused by Broker’s gross negligence or willful misconduct.
Responsibility of Broker. (a) Except for permitting a withdrawal or payment in violation of Sections 2 or 4 above, Broker shall have no responsibility or liability to Trustee for complying with Orders concerning the Account from Pledgor which are received by Broker before Broker receives a Notice of Exclusive Control.
(b) Broker shall have no responsibility or liability to Pledgor for complying with a Notice of Exclusive Control or complying with Orders concerning the Account issued by Trustee. Broker shall have no duty to investigate or make any determination as to the circumstances resulting in, or the proprietary nature of, a Notice of Exclusive Control. Neither this Agreement nor the Security Agreement imposes or creates any obligation or duty of Broker other than those expressly set forth therein.
Responsibility of Broker. Broker shall have no responsibility or liability to Debtor for complying with entitlement orders concerning the Account originated by Creditor. Broker shall have no duty to investigate or make any determination as to whether or an Event of Default (as defined in the Credit Agreement) has occurred and shall comply with entitlement orders concerning the Account originated by Creditor even if it believes that an Event of Default has not occurred. None of this Agreement, the Credit Agreement or the Stock Pledge Agreement imposes or creates an obligation or duty of Broker other than those expressly set forth herein.
Responsibility of Broker. Broker shall have no responsibility or liability to Priority Collateral Agent for making trades of financial assets held in the Account at the direction of Debtor, or his authorized representatives, or complying with entitlement orders concerning the Account from Debtor, or his authorized representatives, which are received by Broker before Broker receives a Notice of Exclusive Control. Broker shall have no responsibility or liability to Debtor for complying with a Notice of Exclusive Control or complying with entitlement orders concerning the Account originated by Priority Collateral Agent. Broker shall have no duty to investigate or make any determination as to whether a default exists or any agreement between Debtor and any Priority Secured Party and shall comply with a Notice of Exclusive Control even if it believes that no such default exists. This Agreement does not create any obligation or duty of Broker other than those expressly set forth herein.
Responsibility of Broker. Broker shall have no responsibility or liability to General Collateral Agent for making trades of financial assets held in the Account at the direction of Debtor, or his authorized representatives, or complying with entitlement orders concerning the Account from Debtor, or his authorized representatives, which are received by Broker before Broker receives a Notice of Exclusive Control. Broker shall have no responsibility or liability to Debtor for complying with a Notice of Exclusive Control or complying with entitlement orders concerning the Account originated by General Collateral Agent or the Designated Collateral Subagent. Broker shall have no duty to investigate or make any determination as to whether a default exists or any agreement between Debtor and any General Secured Party and shall comply with a Notice of Exclusive Control even if it believes that no such default exists. This Agreement does not create any obligation or duty of Broker other than those expressly set forth herein.
Responsibility of Broker. BROKER understands that in providing insurance coverages, ESBS Is relying upon the accuracy of information provided by Insured through BROKER and submitted to ESBS. lt is the responsibility of BROKER to disclose to ESBS the existence of any conditions which they are or reasonably should be aware of that may affect the Insurability of the insured. Further, it is the responsibility of BROKER to inform ESBS as to the type and amount of insurance coverage to be considered for quotation. ESBS assumes no responsibility toward BROKER, insured, sub producer, or any other party with regard to the adequacy, amount or form of coverage obtained through any insurance carrier.
Responsibility of Broker. NOT APPLICABLE
Responsibility of Broker. 1. If BROKER under this agreement is a partnership, the undersigned partners, in order to induce STIG to enter into this agreement, represent that they are the sole partners interested in BROKER’s business, their liability thereunder shall be joint and several.
2. STIG shall at all times have the right to set off against any commissions due to BROKER any and all sums which BROKER and/or any of his sureties may owe to STIG.
3. In the event that BROKER under this agreement is a corporation, it is further understood, agreed and guaranteed by the undersigned individuals or entities, which are principal stockholders of said corporation, that all conditions of this agreement shall be binding upon then jointly and severally in the same manner as upon the corporation named as BROKER. Should the undersigned cease to be principle stockholders in the corporation, BROKER shall give written notice to STIG within ten (10) days of such event and shall provide replacement signatories and such documentation as required by STIG.
