eTrade 2007 Annual Report Download - page 184

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(iii) E*TRADE Securities shall have failed to route to the Company, in the aggregate, at least ninety percent
(90%) of all Minimum Covered Orders over the period of any twelve (12) consecutive months.
For the avoidance of doubt, the Company may terminate this Agreement under this Section 8.2(e) regardless of whether a Failure
Notice is outstanding.
(f) Persistent Failure Notice. By Parent, if a Failure Notice is outstanding for an uninterrupted period of five (5) months, by
providing written notice of such termination to the Company.
(g) Company Insolvency. By Parent, in the event the Company experiences an Insolvency Event, by giving notice to the
Company, with termination of this Agreement to become effective upon delivery of the notice.
(h) Parent Insolvency. By the Company, in the event Parent experiences an Insolvency Event, by giving notice to Parent,
with termination of this Agreement to become effective upon delivery of the notice.
(i) Material Misconduct. By either the Company or Parent, if the other has suffered an Adverse Reputational Event that has
or would be reasonably likely to have a material adverse effect on (i) the financial condition, properties, prospects, business or results
of operations of the Party seeking to effect such termination or (ii) the reputation, brand, goodwill or image of the Party seeking to
effect such termination.
(j) Change of Control of the Company. By Parent, upon a Change of Control of the Company that has or would be
reasonably likely to have a material adverse effect on the financial condition, properties, business or results of operations of Parent.
(k) Partial Termination for NMS Stocks. By Company, at any time with 90 days written notice to Parent, with respect to its
obligations to accept Covered Orders in NMS Stocks routed by Parent. For the avoidance of doubt, if the Company effectuates a
Partial Termination for NMS Stocks under this Section 8.2(k), this Agreement would remain in effect with respect to the routing of
Covered Orders in Options by Parent to Company, unless the Company has previously effectuated a Partial Termination of this
Agreement with respect to the Routing of Covered Orders in Options pursuant to Section 8.2(l).
(l) Partial Termination for Options. By Company, at any time with 120 days written notice to Parent, with respect to its
obligations to accept Covered Orders in Options routed by Parent. For the avoidance of doubt, if the Company effectuates a Partial
Termination for Options under this Section 8.2(l), this Agreement would remain in effect with respect to the routing of Covered Orders
in NMS Stocks by Parent to Company, unless the Company has previously effectuated a Partial Termination with respect to the
Routing of Covered Orders in NMS Stocks pursuant to Section 8.2(k) or Parent has previously effectuated a Partial Termination for
NMS Stocks under Section 8.2(m).
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