AGENT OR DEALER definition

AGENT OR DEALER means a person appointed by a marketing company engaged in the sale, distribution or marketing of petroleum products at the dispensing outlets or filling stations belonging to, or installed or rented out to him by the company;

Examples of AGENT OR DEALER in a sentence

  • UPON THE SALE OF PORTFOLIO SECURITIES TO THE BROKER OR ITS CLEARING AGENT OR DEALER, AGAINST A RECEIPT, FOR EXAMINATION IN ACCORDANCE WITH "STREET DELIVERY" CUSTOM; PROVIDED THAT THE CUSTODIAN WILL HAVE NO RESPONSIBILITY OR LIABILITY FOR ANY LOSS ARISING FROM THE DELIVERY OF SUCH SECURITIES PRIOR TO RECEIVING PAYMENT FOR SUCH SECURITIES EXCEPT AS MAY ARISE FROM THE CUSTODIAN'S FAILURE TO ACT IN ACCORDANCE WITH ITS DUTIES AS SET FORTH IN THIS AGREEMENT.