Negative Response Letter definition

Negative Response Letter means a letter in the form attached as Exhibit B hereto (as same may be modified by agreement of the parties).
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Negative Response Letter has the meaning set forth in Section 6.11.
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Examples of Negative Response Letter in a sentence

  • The Negative Response Letter shall comply with all applicable rules and regulations of the NASD and shall inform the Bank Customers that their Accounts are being or may be transferred to Multi-Financial.

  • The Negative Response Letter shall comply with all applicable NASD Rules and shall inform Customers that have Directly Held Accounts that, following the expiration of thirty (30) days after deliver of the Negative Response Letter, excepting for those Customers who opt out, Multi-Financial will be designated as the Broker Dealer of Record for purposes of servicing Customers, and assisting Customers in effecting future transactions for their Accounts.

  • In either case, the Negative Response Letter shall comply with all applicable NASD Rules and shall inform Customers of the method in which their Accounts are being transferred to Multi-Financial.

  • The Transferor shall be responsible for and shall, and Parent shall cause Transferor to pay, all fees and expenses associated with transferring the Customer Accounts to the Transferee, including, without limitation, the fees, expenses and termination fees associated with transferring those Customer Accounts which are ▇▇▇ Accounts, the mailing of the Negative Response Letter (as defined below) and Transferee’s new account forms.

  • Such Negative Response Letter shall be in the form and substance as shall be agreed to by Transferor and Transferee.

  • Financial shall in cooperation with each other and with Legacy’s clearing agent to the extent that the parties are contemplating a mass transfer of Accounts or as otherwise appropriate, to prepare a Negative Response Letter.