Failure of a Customer to Perform Obligations. Any failure by any of Introducing Firm’s customers to perform any commitment or obligation with respect to a transaction carried by Clearing Agent under this Agreement, whether or not such failure was under the control of Introducing Firm.
Appears in 3 contracts
Sources: Fully Disclosed Clearing Agreement (Cowen Group, Inc.), Fully Disclosed Clearing Agreement (Cowen Group, Inc.), Fully Disclosed Clearing Agreement (Cowen Group, Inc.)