Common use of Clearing Agreement Clause in Contracts

Clearing Agreement. The Company and Acquiror will cooperate with each other to transfer all clearing functions of the Company to an Acquiror Broker-Dealer Subsidiary as soon as reasonably practicable after the Effective Time, including by giving appropriate prospective notice of such transfer conditional on the consummation of the Merger to NationsBanc ▇▇▇▇▇▇▇▇▇▇ Securities, LLC at least 90 days prior to the anticipated Closing Date and to the Company's Clients at least 15 days prior to the anticipated Closing Date.

Clearing Agreement. The Company and Acquiror will cooperate with each other to transfer all clearing functions of the Company to an Acquiror Broker-Dealer Subsidiary as soon as reasonably practicable after the Effective Time, including by giving appropriate prospective notice of such transfer conditional on the consummation of the Merger to NationsBanc ▇▇▇▇Mont▇▇▇▇▇▇ Securities▇▇▇urities, LLC at least 90 days prior to the anticipated Closing Date and to the Company's Clients at least 15 days prior to the anticipated Closing Date.