Duties and Obligations of the Adviser. 1Unless otherwise licensed as such, the Adviser shall not act as a broker or dealer, or take any action that would require it to register as a broker or dealer, in connection with a Purchase. The Adviser is not an agent of the Issuer and shall have no obligation to advise its clients to purchase the Securities.
Appears in 2 contracts
Sources: Master Client Referrals Agreement (Ministry Partners Investment Company, LLC), Client Referrals Agreement (Ministry Partners Investment Company, LLC)