Common use of Representations and Warranties of the Selling Agent Clause in Contracts

Representations and Warranties of the Selling Agent. The Selling Agent represents and warrants to the Company as follows: (a) he is a licensed registered representative registered with the SEC, FINRA, and all States in which he is required to register; and (b) there are no judgments, orders, decrees, or like actions, or any proceedings pending, before the SEC, NASD, any State, or any court or arbitration panel that prohibit or effect the Selling Agent from carrying out his obligations under this Agreement.