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C » Topics » 4.21 Non-Competition.

This excerpt taken from the C 10-Q filed Aug 7, 2009.
4.21       Non-Competition.  For a period beginning on the Closing Date and ending on the second anniversary thereof, the Sellers shall not, and the Sellers shall cause Citigroup and its Controlled Affiliates not to, engage in the Retail Securities Distribution Business.  For the avoidance of doubt, the foregoing shall not limit (i) the ability of Citigroup and its Controlled Affiliates that are not licensed as securities companies in Japan from providing products and services of the general nature permitted by Applicable Law and provided on the date of this Agreement and (ii) NCL from providing limited securities brokerage services for and distributing securities products as an incidental service to a limited number of high net worth clients in connection with its core business of serving institutional clients.

 

5                                         CONDITIONS TO CLOSING

 

"4.21 Non-Competition." elsewhere:

Greenhill (GHL)
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