C » Topics » 4.4 Protection of Clients

This excerpt taken from the C 10-Q filed Aug 7, 2009.
4.4         Protection of Clients.  Between the date of this Agreement and the Closing, NCL and the Purchaser will confer with all clients of NCL whose unperformed agreements with NCL are likely to be transferred to the Purchaser in the NCL Demerger.  In each such case, NCL and the Purchaser will use all commercially reasonable efforts to obtain the client’s consent to NCL and the Purchaser being appointed as co-underwriter or co-placement agent so as to facilitate NCL and the Purchaser acting together to provide (for no additional consideration) all services, taking advantage of all resources, that would have been available to the client in the absence of the Demergers.  Approximately five Business Days prior to the Closing Date, the Sellers shall supply the Purchaser a list of the expected Transferred Client Agreements.  Without limiting the foregoing, the Parties shall cooperate throughout the period from the date of this Agreement through the Closing Date to seek to ensure that none of the clients of NCL and NCS is adversely affected by the Demergers.

 

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