Common use of Failure of a Customer to Perform Obligations Clause in Contracts

Failure of a Customer to Perform Obligations. Any failure by any of Broker's customers to perform any commitment or obligation with respect to a transaction carried by Pershing under this Agreement, whether or not such failure was under the control of Broker.

Appears in 7 contracts

Sources: Fully Disclosed Clearing Agreement (Southern Trust Securities Holding Corp), Fully Disclosed Clearing Agreement (Pinnacle Global Group Inc), Fully Disclosed Clearing Agreement (American Portfolios Holdings Inc)

Failure of a Customer to Perform Obligations. Any failure by any of Broker's ’s customers to perform any commitment or obligation with respect to a transaction carried by Pershing under this Agreement, whether or not such failure was under the control of Broker.

Appears in 3 contracts

Sources: Fully Disclosed Clearing Agreement, Fully Disclosed Clearing Agreement (Summit Financial Services Group Inc), Fully Disclosed Clearing Agreement (International Assets Holding Corp)

Failure of a Customer to Perform Obligations. Any failure by any of Broker's ’s customers to perform any commitment or obligation with respect to a transaction carried by Pershing under this Agreement, whether or not such failure was under the control of Broker.

Appears in 3 contracts

Sources: Fully Disclosed Clearing Agreement (Gleacher & Company, Inc.), Fully Disclosed Clearing Agreement (Broadpoint Securities Group, Inc.), Fully Disclosed Clearing Agreement (Broadpoint Securities Group, Inc.)

Failure of a Customer to Perform Obligations. Any failure by any of -------------------------------------------- Broker's customers to perform any commitment or obligation with respect to a transaction carried by Pershing under this Agreement, whether or not such failure was under the control of Broker.

Appears in 1 contract

Sources: Fully Disclosed Clearing Agreement (Ziegler Companies Inc)