Common use of Authorization to Appropriate Funds Clause in Contracts

Authorization to Appropriate Funds. The Client authorizes GTJAF to apply any monies which the Client may pay to GTJAF, in particular, GTJAF may apply such monies in or towards meeting GTJAF’s obligations to any party insofar as such obligations arise in connection with or incidental to the business of dealing in Derivatives transacted on the Client’s behalf.