NASD Clearance Sample Clauses
The NASD Clearance clause establishes requirements for securities transactions to be cleared through systems or processes approved by the National Association of Securities Dealers (NASD). In practice, this means that any trades or transfers of securities covered by the agreement must be processed in accordance with NASD rules and may require confirmation that the securities are eligible for such clearance. This clause ensures that all relevant transactions are conducted in a manner that meets industry standards for transparency and regulatory compliance, thereby reducing the risk of settlement failures or regulatory violations.
NASD Clearance. By the Effective Date, the Representative shall have received clearance from the NASD as to the amount of compensation allowable or payable to the Underwriters as described in the Registration Statement.
NASD Clearance. By the Effective Date, the Underwriter shall have received clearance from the NASD as to the amount of compensation allowable or payable to the Underwriter as described in the Registration Statement.
NASD Clearance. 18 4.1.3 No Blue Sky Stop Orders...............................................................18 4.2
NASD Clearance. By the Effective D▇▇▇, ▇he Representative shall have received clearance from the NASD as to the amount of compensation allowable or payable to the Underwriters as described in the Registration Statement.
NASD Clearance. The NASD shall not have raised any objection with respect to the fairness or reasonableness of the underwriting or other arrangements of the transactions contemplated hereby.
NASD Clearance. By the Effective Date, (i) the Underwriters shall have received clearance from the NASD as to the amount of compensation allowable or payable to the Underwriters as described in the Registration Statement; and (ii) NII shall have been approved as a qualified independent underwriter for this offering.
NASD Clearance. By the Effective Date, the Co-Represen▇▇▇▇▇▇▇ ▇▇▇ll have received clearance from the NASD as to the amount of compensation allowable or payable to the Underwriters as described in the Registration Statement.
NASD Clearance. By the Effective Date, the Representatives shall have received clearance from the NASD as to the amount of compensation allowable or payable to the Representatives as described in the Registration Statement.
NASD Clearance. The Placement Agent shall have received clearance from the National Association of Securities Dealers, ▇▇▇.▇▇ to the amount of compensation allowable or payable to the Placement Agent as described in the SB-2.
NASD Clearance. On or before the Effective Date, the Representative shall have received clearance from the NASD as to the amount of compensation allowable or payable to the Representative as described in the Registration Statement. The Representative reserves the right to cover any items of the Representative's compensation as specified in this Agreement in the event that a determination is made by the NASD to the effect that the aggregate compensation to be received by the Representative is excessive. Any such revisions shall not affect any other terms or provisions of this Agreement.