Broker Distributor definition

Broker Distributor means a type of independent distributor that works in a “Just in Time” environment, who searches the industry and locates parts that meet customer target prices and other customer requirements, and does not have contractual agreements or obligations with an original component manufacturer.
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Examples of Broker Distributor in a sentence

  • Broker and Distributor further agree to cooperate fully in any securities regulatory investigation or proceeding or judicial proceeding with respect to Broker, Distributor, their affiliates and their agents or representatives to the extent that such investigation or proceeding is in connection with Contracts marketed under this Agreement.

  • Upon Buyer’s request, Seller shall provide such documentation evidencing its status as a Franchise/Authorized Distributor in good standing with the manufacturer of the Goods to Buyer’s reasonable satisfaction, otherwise Seller shall be deemed a Broker Distributor (as defined in Section 14 hereof).

  • Broker and Distributor further agree to cooperate fully in any securities regulatory investigation or proceeding or judicial proceeding with respect to Broker, Distributor, and their respective affiliates, agents or representatives to the extent that such investigation or proceeding is in connection with Contracts marketed under this Agreement.

  • The Seller is categorized as an Authorized Supplier and in some cases as an Independent Distributor or Broker Distributor.

  • In case such registration expires or any disciplinary action is taken against him by the Stock Exchange, the Stock Broker Distributor is otherwise not permitted to use the stock exchange platform for transacting in mutual units, he shall forthwith inform the AMC who may take necessary steps as deemed necessary in this behalf.

  • Prior to Distributor sharing any confidential information (including product samples and test results) described in this Section 10 with a Customer, Referral, prospective customer, Sub-Distributor, or Broker, Distributor shall first obtain IP Holder’s written approval of the same.

  • In case of Stock Broker Distributor, he shall keep his stock exchange registration for enabling transactions in mutual fund units through Stock Exchange Mutual Fund Transaction Facility valid.

  • Broker and Distributor further agree to cooperate fully in any securities regulatory investigation or proceeding or judicial proceeding with respect to Broker, Distributor, their affiliates and their representatives to the extent that such investigation or proceeding is in connection with GVUL Contracts sold and serviced under this Agreement.

  • RTA/ Stock Exchange / Clearing corporation shall not be liable to Stock Broker Distributor for act / omission of investors using Stock Exchange Platform / any other online transaction platform.