Common use of SETTLEMENT OF CONTRACTS AND TRANSACTION Clause in Contracts

SETTLEMENT OF CONTRACTS AND TRANSACTION. Unless otherwise agreed in writing, Pershing shall have no obligation to settle contracts and transactions in securities (i) between Broker and other brokers and dealers, (ii) between Broker and its customers and (iii) between Broker and third persons.

Appears in 2 contracts

Sources: Fully Disclosed Clearing Agreement (Chapman Holdings Inc), Fully Disclosed Clearing Agreement (Echapman Com Inc)

SETTLEMENT OF CONTRACTS AND TRANSACTION. Unless otherwise agreed in writing, Pershing shall have no obligation to settle contracts and transactions in securities (i) between i)between Broker and other brokers and dealers, (ii) between Broker and its customers and (iii) between Broker and third persons.

Appears in 1 contract

Sources: Fully Disclosed Clearing Agreement (Pinnacle Global Group Inc)