Subsidiary Borrower. The SEC or other Governmental Authority shall revoke or suspend the Subsidiary Borrower's license or authorization under federal or state law to conduct business as a securities broker-dealer (and such license or authorization shall not be reinstated within 5 days), or the Subsidiary Borrower shall be suspended or expelled from membership in the NASD or any other self-regulatory organization or securities exchange.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Nuveen John Company), 364 Day Revolving Credit Agreement (Nuveen John Company)