Common use of Clearing Services Clause in Contracts

Clearing Services. 4.2 The T2CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T2IB. 4.3 The T2CB shall use its reasonable best efforts to clear all trades effected on the exchanges and markets set out in Schedule "C" hereto in respect of the T2IB's Clients' accounts and principal business. However, the T2CB reserves the right, in its sole discretion, and on advice to the T2IB, to refuse to open or clear any account or any order, and to liquidate and close any account if in its opinion such account or order represents an unreasonable credit risk or could give rise to a breach of applicable law or SRO Requirements. In the event of any such refusal with respect to a trade for the T2IB's principal business or Client accounts, the T2IB may place such trade with another securities dealer that meets applicable SRO Requirements.

Clearing Services. 4.2 The T2CB T3CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T2IBT3IB. 4.3 The T2CB T3CB shall use its reasonable best efforts to clear all trades effected on the exchanges and markets set out in Schedule "C" hereto in respect of the T2IBT3IB's Clients' accounts and principal business. However, the T2CB T3CB reserves the right, in its sole discretion, and on advice to the T2IBT3IB, to refuse to open or clear any account or any order, and to liquidate and close any account if in its opinion such account or order represents an unreasonable credit risk or could give rise to a breach of applicable law or SRO Requirements. In the event of any such refusal with respect to a trade for the T2IBT3IB's principal business or Client accounts, the T2IB T3IB may place such trade with another securities dealer that meets applicable SRO Requirements.

Clearing Services. 4.2 The T2CB T4CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T2IBT4IB. 4.3 The T2CB T4CB shall use its reasonable best efforts to clear all trades effected on the exchanges and markets set out in Schedule "C" hereto in respect of the T2IBT4IB's Clients' accounts and principal business. However, the T2CB T4CB reserves the right, in its sole discretion, and on advice to the T2IBT4IB, to refuse to open or clear any account or any order, and to liquidate and close any account if in its opinion such account or order represents an unreasonable credit risk or could give rise to a breach of applicable law or SRO Requirements. In the event of any such refusal with respect to a trade for the T2IBT4IB's principal business or Client accounts, the T2IB T4IB may place such trade with another securities dealer that meets applicable SRO Requirements.

Clearing Services. ‌‌ 4.2 The T2CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T2IB. 4.3 The T2CB shall use its reasonable best efforts to clear all trades effected on the exchanges and markets set out in Schedule "C" hereto in respect of the T2IB's Clients' accounts and principal business. However, the T2CB reserves the right, in its sole discretion, and on advice to the T2IB, to refuse to open or clear any account or any order, and to liquidate and close any account if in its opinion such account or order represents an unreasonable credit risk or could give rise to a breach of applicable law or SRO Requirements. In the event of any such refusal with respect to a trade for the T2IB's principal business or Client accounts, the T2IB may place such trade with another securities dealer that meets applicable SRO Requirements.