Common use of Registration Status Clause in Contracts

Registration Status. Maintain RJA’s (a) registration as a registered “broker-dealer” under the Securities Exchange Act of 1934 and under the Laws of each state in which such registration is required and where a failure to maintain such registration could be likely to have a Material Adverse Effect, and (b) membership with FINRA, except where the failure to maintain such membership could not be reasonably likely to have a Material Adverse Effect.