Common use of The Introducing Clause in Contracts

The Introducing. Firm represents and warrants as follows: (i) The Introducing Firm is in compliance, and during the term of this Agreement will remain in compliance with (a) the capital requirements of the SEC, the NASD, if applicable, and all applicable Exchanges and (b) the capital requirements of every state in which the Introducing Firm is licensed as a broker/dealer. (ii) The Introducing Firm will immediately notify Schroder should it be in violation of the net capital rules and regulations of any regulatory or self-regulatory organization to whose jurisdiction the Introducing Firm is subject. (iii) The Introducing Firm is a member in good standing of the NASD. The Introducing Firm will promptly notify Schroder of any changes in its exchange or association memberships or affiliations. (iv) The Introducing Firm is and during the term of this Agreement will remain duly registered or licensed and in good standing as a broker/dealer under all applicable Federal and state laws, rules and regulations as well as under the constitutions, rules and regulations of all applicable self-regulatory organizations. (v) The Introducing Firm shall keep confidential any information it may acquire as a result of this Agreement regarding the business and affairs of the Clearing Firm, which requirement shall survive the termination of this Agreement.

The Introducing. Firm represents and warrants as follows: (i) The Introducing Firm is in compliance, and during the term of this Agreement will remain in compliance with (a) the capital requirements of the SEC, the NASD, if applicable, and all applicable Exchanges and (b) the capital requirements of every state in which the Introducing Firm is licensed as a broker/dealer. (ii) The Introducing Firm will immediately notify Schroder should it be in violation of the net capital rules and regulations of any regulatory or self-self- regulatory organization to whose jurisdiction the Introducing Firm is subject. (iii) The Introducing Firm is a member in good standing of the NASD. The Introducing Firm will promptly notify Schroder of any changes in its exchange or association memberships or affiliations. (iv) The Introducing Firm is and during the term of this Agreement will remain duly registered or licensed and in good standing as a broker/dealer under all applicable Federal and state laws, rules and regulations as well as under the constitutions, rules and regulations of all applicable self-regulatory organizations. (v) The Introducing Firm shall keep confidential any information it may acquire as a result of this Agreement regarding the business and affairs of the Clearing Firm, which requirement shall survive the termination of this Agreement.