Common use of Account with Broker Clause in Contracts

Account with Broker. Client shall open an account with MAN FINANCIAL, a registered futures commission merchant ("Broker") and deposit with Broker funds or securities for an account ("Allocated Assets") whose level of trading risk and management fees shall be based on the "Nominal Account size", as defined in paragraph 5 below. As of the date of this Agreement, the Nominal Account Size shall be $332,500, which shall initially include $0 of notional funds and $332,500 of actual funds; the ratio of such notional funds to such actual funds being: 0/100%. Client agrees with Advisor that the amount of actual funds referenced above represents Thirty-five percent (35%) of the total funds initially allocated by Client to trading advisors. Client and Advisor further agree that Client shall increase such actual funds and thereby the Nominal Account Size pro rata only to the extent that Client increases its allocation of funds to the other existing trading advisors and thereby maintains such relative percentage allocation to Advisor. Advisor shall have sole authority and responsibility for trading the Allocated Assets. Advisor agrees to trade the Allocated Assets pursuant to its Commodity Interests trading program as described in Advisor's current commodity trading advisor disclosure document.

Appears in 1 contract

Samples: Advisory Agreement (Price Fund I Lp)

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Account with Broker. Client shall open an account with MAN FINANCIAL, a registered futures commission merchant ("Broker") and deposit with Broker funds or securities for an account ("Allocated Assets") whose level of trading risk and management fees shall be based on the "Nominal Account size", as defined in paragraph 5 below. As of the date of this Agreement, the Nominal Account Size shall be $332,500285,000, which shall initially include $0 of notional funds and $332,500 285,000 of actual funds; the ratio of such notional funds to such actual funds being: 0/100%. Client agrees with Advisor that the amount of actual funds referenced above represents Thirty-five Thirty percent (3530%) of the total funds initially allocated by Client to trading advisors. Client and Advisor further agree that Client shall increase such actual funds and thereby the Nominal Account Size pro rata only to the extent that Client increases its allocation of funds to the other existing trading advisors and thereby maintains such relative percentage allocation to Advisor. Advisor shall have sole authority and responsibility for trading the Allocated Assets. Advisor agrees to trade the Allocated Assets pursuant to its Commodity Interests Aggressive trading program as described in Advisor's current commodity trading advisor disclosure document.

Appears in 1 contract

Samples: Advisory Agreement (Price Fund I Lp)

Account with Broker. Client shall open an account with MAN FINANCIAL, a registered futures commission merchant ("Broker") and deposit with Broker funds or securities for an account ("Allocated Assets") whose level of trading risk and management fees shall be based on the "Nominal Account size", as defined in paragraph 5 below. As of the date of this Agreement, the Nominal Account Size shall be $332,500, which shall initially include $0 of notional funds and $332,500 of actual funds; the ratio of such notional funds to such actual funds being: 0/100%. Client agrees with Advisor that the amount of actual funds referenced above represents Thirty-five percent (35%) of the total funds initially allocated by Client to trading advisors. Client and Advisor further agree that Client shall increase such actual funds and thereby the Nominal Account Size pro rata only to the extent that Client increases its allocation of funds to the other existing trading advisors and thereby maintains such relative percentage allocation to Advisor. Advisor shall have sole authority and responsibility for trading the Allocated Assets. Advisor agrees to trade the Allocated Assets pursuant to its Commodity Interests Global Basic trading program as described in Advisor's current commodity trading advisor disclosure document.

Appears in 1 contract

Samples: Advisory Agreement (Price Fund I Lp)

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Account with Broker. Client shall open an account with MAN FINANCIAL, a registered futures commission merchant ("Broker") and deposit with Broker funds or securities for an account ("Allocated Assets") whose level of trading risk and management fees shall be based on the "Nominal Account size", as defined in paragraph 5 below. As of the date of this Agreement, the Nominal Account Size shall be $332,500, which shall initially include $0 of notional funds and $332,500 of actual funds; the ratio of such notional funds to such actual funds being: 0/100%. Client agrees with Advisor that the amount of actual funds referenced above represents Thirty-thirty five percent (( 35%) of the total funds initially allocated by Client to trading advisors. Client and Advisor further agree that Client shall increase such actual funds and thereby the Nominal Account Size pro rata only to the extent that Client increases its allocation of funds to the other existing additional trading advisors and thereby maintains such relative percentage allocation to Advisor. Advisor shall have sole authority and responsibility for trading the Allocated Assets. Advisor agrees to trade the Allocated Assets pursuant to its Commodity Interests trading program as described in Advisor's ’s current commodity trading advisor disclosure document.

Appears in 1 contract

Samples: Advisory Agreement (Price Fund I Lp)

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