ISI Group definition
Examples of ISI Group in a sentence
There is no formal or informal investigation, other than routine examinations including sweep and cycle examinations, by any Governmental Authority pending or, to the Transferor’s Knowledge, threatened against ISI Group, ISI UK, or any of their respective Associated Persons.
ISI Group is a member organization in good standing with NASDAQ OMB BX and NASDAQ Stock Market and in compliance in all material respects with all applicable rules and regulations of those entities as well as with the terms of its membership agreements with those entities.
The ISI Group Interim Financial Statements and the ISI UK Interim Financial Statements, collectively, are hereinafter referred to as the “Interim Financial Statements”.
ISI Group is in compliance in all respects with all applicable regulatory requirements for the protection of customer funds and securities.
As of the date of this Agreement, neither ISI Group nor ISI UK is, nor are any of ISI Group’s or ISI UK’s Associated Persons, subject to a “statutory disqualification” (as such term is defined in the Exchange Act).
ISI Group is in compliance with all applicable regulatory net capital requirements and no distribution of cash is required to be made by ISI Group as of the date of this Agreement that will result in ISI Group not being in compliance with applicable regulatory net capital requirements.
The ISI Group Audited Financial Statements and the ISI Group Interim Financial Statements, collectively, are hereinafter referred to as the “ISI Group Financial Statements”.
Prior to the Closing, with respect to any unwritten distribution arrangements between ISI Group and ISI Inc., ISI Group and ISI Inc.
ISI Group is duly registered as a broker-dealer under, and in compliance with, the Laws of all jurisdictions in which it is required to be so registered, including each of the fifty U.S. states, the District of Columbia and Puerto Rico.
On the terms and subject to the conditions set forth in this Agreement, at the Closing, the Transferor shall contribute to the Acquiror all of the Transferor’s right, title and interest in and to all of the issued and outstanding ISI Group Units and ISI UK Shares, in each case free and clear of all Encumbrances.