Common use of Restriction on Advertising Clause in Contracts

Restriction on Advertising. Neither Pershing nor Broker shall utilize -------------------------- the name of the other in any way without the other's prior written consent except to disclose the relationship between the parties. Neither party shall employ the other's name in such a manner as to create the impression that the relationship between them is anything other than that of clearing broker and introducing broker. Broker shall not hold itself out as an agent of Pershing or as a subsidiary or company controlled directly or indirectly by or affiliated with Pershing except as provided in this paragraph.

Restriction on Advertising. Neither Pershing nor Broker shall utilize -------------------------- the name of the other in any way without the other's prior written consent except to disclose the relationship between the parties. Neither party shall employ the other's name in such a manner as to create the impression that the relationship between them is anything other than that of clearing broker and introducing broker. Broker Neither party shall not hold itself out as an agent of Pershing the other party or as a subsidiary or company controlled directly or indirectly by or affiliated with Pershing the other party except as provided in this paragraph.

Restriction on Advertising. Neither Pershing nor Broker shall utilize -------------------------- the name of the other in any way without the other's prior written consent except to disclose the relationship between the parties. Neither party shall employ the other's name in such a manner as to create the impression that the relationship between them is anything other than that of clearing broker and introducing broker. Broker shall not hold itself out as an agent of Pershing or as a subsidiary or company controlled directly or indirectly by or affiliated with Pershing except as provided in this paragraphParagraph.

Restriction on Advertising. Neither Pershing nor Broker shall utilize -------------------------- the name of the other in any way without the other's ’s prior written consent except to disclose the relationship between the parties. Neither party shall employ the other's ’s name in such a manner as to create the impression that the relationship between them is anything other than that of clearing broker and introducing broker. Broker shall not hold itself out as an agent of Pershing or as a subsidiary or company controlled directly or indirectly by or affiliated with Pershing except as provided in this paragraph.