Authorization for Principal Transactions Sample Clauses

Authorization for Principal Transactions. If available for my Account, I may consent to Xxxxxx Xxxxx executing transactions for my Account in a principal capacity, which includes selling any security from Xxxxxx Xxxxx’ inventory to my Account or purchasing any security from my Account for Xxxxxx Xxxxx’ inventory. Xxxxxx Xxxxx, pursuant to such consent, may engage in principal transactions for my Account in order to increase the range of investment opportunities or trade execution quality available to me, consistent with its pricing and sales practice obligations. Principal transactions may cause a conflict between Xxxxxx Xxxxx’ and my interests, including when Xxxxxx Xxxxx generates additional revenue due to market movement resulting in gains on its inventory positions. Xxxxxx Xxxxx may also have an incentive to recommend the purchase of a security held in its inventory that is difficult to sell, a potential conflict addressed by Xxxxxx Xxxxx’ policies and procedures. In certain principal transactions, Xxxxxx Xxxxx will provide required post-trade disclosures and obtain my verbal consent to execute the trade in a principal capacity prior to the trade. I acknowledge that I may revoke this authorization to allow Xxxxxx Xxxxx to trade as principal with my Account without penalty at any time by contacting my Xxxxxx Xxxxx financial advisor and submitting the necessary written revocation. I understand that consenting to principal trading is not a condition to opening or maintaining my Account. I understand that Xxxxxx Xxxxx executes in a principal capacity fractional share liquidations and corrections of trades originally executed in an agency capacity.
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Authorization for Principal Transactions. Subject to the requirements of applicable law, Baird and its Financial Advisors may execute transactions for Client’s Accounts while acting as principal for Baird’s own account. Baird and its Financial Advisors act as principal when they sell a security from Baird’s inventory to Client or they purchase a security from Client for Baird’s inventory. Baird and its Financial Advisors also act as principal when they sell new issue securities to clients in offerings underwritten by Baird as further described below. Baird also acts as principal in riskless principal transactions. Baird and its Financial Advisors may commonly engage in principal trades with Client if Client participates in the Baird Advisory Choice Program. Baird may realize profits from principal transactions with Client based on the difference between the price Baird paid for the security and the price at which Baird sold the security, which may include a markup, markdown or spread from the prevailing market price, an underwriting fee, selling dealer concession, or other incentive to execute the transaction. Baird Financial Advisors may receive compensation from Baird related to principal trades of securities underwritten by Baird. Any compensation received by Baird or a Financial Advisor in a principal transaction is in addition to the Advisory Program Fee paid by Client. Thus, in trading as principal with Client, Baird and its Financial Advisors will have potentially conflicting division of loyalties and responsibilities regarding their own interests and the interests of Client. This potential compensation may give Baird and its Financial Advisors an incentive to recommend a transaction in which Baird and its Financial Advisors act as principal over other transactions. Baird addresses this conflict through disclosure in this Agreement and the applicable Baird Brochure. Furthermore, Baird has adopted internal procedures that require Baird and its Financial Advisors, when acting in a principal capacity, to disclose all material information regarding Baird’s interest in the transaction, and obtain Client’s approval of the transaction prior to settlement. To the extent permitted by applicable law and regulation, if Client’s Account participates in a Non-Discretionary Program or other non- discretionary service, or if the Account is managed by an Other Manager, Client hereby provides Baird and its Financial Advisors with a blanket authorization to act as principal for Baird’s own account in selling...
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Related to Authorization for Principal Transactions

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  • CFR PART 200 Domestic Preferences for Procurements As appropriate and to the extent consistent with law, the non-Federal entity should, to the greatest extent practicable under a Federal award, provide a preference for the purchase, acquisition, or use of goods, products, or materials produced in the United States (including but not limited to iron, aluminum, steel, cement, and other manufactured products). The requirements of this section must be included in all subawards including all contracts and purchase orders for work or products under this award. For purposes of 2 CFR Part 200.322, “Produced in the United States” means, for iron and steel products, that all manufacturing processes, from the initial melting stag through the application of coatings, occurred in the United States. Moreover, for purposes of 2 CFR Part 200.322, “Manufactured products” means items and construction materials composed in whole or in part of non-ferrous metals such as aluminum, plastics and polymer-based products such as polyvinyl chloride pipe, aggregates such as concrete, class, including optical fiber, and lumber. Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, Vendor certifies that to the greatest extent practicable Vendor will provide a preference for the purchase, acquisition, or use of goods, products, or materials produced in the United States (including but not limited to iron, aluminum, steel, cement, and other manufactured products). Does vendor agree? Yes

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