Common use of Authorization and Authorized Cap Amount Clause in Contracts

Authorization and Authorized Cap Amount. 2.1.1 Party A shall entrust the Entrusted Assets to Party B for investment management, provided that Party A shall have the ownership of the Entrusted Assets. During the term of this Agreement, Party A shall retain the ownership of the Entrusted Assets and shall be entitled to investment gains of, and bear the investment losses of, the Entrusted Assets. However, Party B shall bear the losses incurred due to Party B’s action unauthorized under this Agreement and Investment Guideline and without Party A’s consent.

Authorization and Authorized Cap Amount. 2.1.1 Party A shall entrust the Entrusted Assets entrusted assets to Party B for investment management, provided that Party A shall have the ownership of the Entrusted Assetsentrusted assets and their investment gains. During the term of this Agreement, Party A shall retain the ownership of the Entrusted Assets entrusted assets and shall be entitled to investment gains of, and bear the investment losses of, the Entrusted Assetsentrusted assets. However, Party B shall bear the losses incurred due to Party B’s action unauthorized under this Agreement and Investment Guideline and without Party A’s consentconsent or Party B’s failure to act according to Party A Instructions, Party A Notice and Party A Reminder.