Permit Holders Clause Samples
The 'Permit Holders' clause defines who is authorized to hold and exercise rights under a specific permit within the context of an agreement or regulatory framework. It typically outlines the qualifications or criteria required to be recognized as a permit holder, such as compliance with certain regulations, payment of fees, or demonstration of capability. This clause ensures that only eligible and responsible parties are granted the privileges and obligations associated with the permit, thereby maintaining regulatory control and accountability.
Permit Holders. As of the date of this Agreement, (i) each Person to whom the Company has issued an Options Trading Permit (each, an “OTP Holder”), (ii) each Person to whom PCX or PCX Equities has issued an Equity Trading Permit (each, an “ETP Holder”) and (iii) each approved Person and associated Person (collectively, the “Current Company Related Persons”) (each such term as defined in the rules of PCX or PCX Equities, as of the date hereof) (x) is in Good Standing (as defined below), and (y) to the best knowledge of the Company, there are no pending or threatened regulatory actions by PCX, PCX Equities, a Governmental Entity, a Self-Regulatory Organization or OPRA which are reasonably expected to adversely affect such Good Standing, nor has PCX, PCX Equities, a Governmental Entity, a Self-Regulatory Organization or OPRA indicated an intention to conduct the same (collectively, “Compliance Violations”), other than for such failures to be in Good Standing or Compliance Violations that, individually or in the aggregate, have not had or are not reasonably expected to have, a Company Material Adverse Effect, or are not reasonably expected to prevent, materially delay or materially impair the ability of the Company to consummate the transactions contemplated by this Agreement.
Permit Holders. Permit Holders shall ensure there is oversight of the day to day operations of the Depot, including the supervision and training of Depot staff.
Permit Holders. (a) Each Person to whom PCX or PCX Equities has issued an Equity Trading Permit (each, an “ETP Holder”) or an Equity ASAP or an allied member thereof (each as defined in the rules of PCX Equities as of the date of the Original Facility Services Agreement) (each, an “Equity ASAP Holder”), (b) each member, member firm, member organization, allied member, approved person, associated person (each as defined in the constitution and rules of PCX as of the date of the Original Facility Services Agreement) or specialist of PCX (the “Current PCX Related Persons”), and (c) each ETP Firm (as defined in the rules of PCX Equities as of the date of the Original Facility Services Agreement) (collectively, the “Current PCXE Related Persons”) is in good standing and, to the knowledge of PCX and PCX Equities, in full compliance with all permits or rules issued by PCX or PCX Equities, other than for such failures to be in good standing or full compliance that, individually or in the aggregate, are not reasonably likely to have a Material Adverse Effect.
Permit Holders. Counsel to review the Registration Statement and all amendments and supplements thereto within a reasonable period of time prior to each filing, and shall not file any document in a form to which such counsel reasonably objects.