Clearing of All Trades Sample Clauses

Clearing of All Trades. The Trading Advisor shall clear orders for all commodity interest transactions for the Company through such commodity broker or brokers as the Company shall designate from time to time in its sole discretion (the “Clearing Broker”). The Trading Advisor will not, without the consent of the Manager, trade on a “give up” basis through floor brokers not associated with the Clearing Broker. The Manager will review and approve or disapprove all executing brokers proposed by the Trading Advisor for the Company’s account. The Manager agrees that it will only disapprove a proposed executing broker suggested by the Trading Advisor for cause and that, if an executing broker is approved, the Company will not hold the Trading Advisor liable for any error or breach of contract by any such executing broker, barring negligence, misconduct or bad faith on the part of the Trading Advisor. Even if such floor brokers receive the Manager’s consent to execute trades on behalf of the Company, all such trades will be “given-up” to be carried by the Clearing Broker. The Trading Advisor shall receive copies of all daily and monthly brokerage statements for the Company directly from the Clearing Broker. The parties acknowledge that the Trading Advisor has no authority or responsibility for selecting a commodity broker or dealers or for the negotiation of brokerage commission rates. If necessary for the Trading Advisor to trade pursuant to the Program, the Company shall provide adequate dealing lines of credit for the Trading Advisor to place orders for spot and forward currency contracts on behalf of the Company.
Sample 1Sample 2Sample 3See All (17)
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Clearing of All Trades. The Trading Advisor shall clear orders for all commodity interest transactions for the Company through such commodity broker or brokers as the Company shall designate from time to time in its sole discretion (the “Clearing Broker”). The Trading Advisor will also trade on a “give up” basis through floor brokers. All such trades will be “given-up” to be carried by the Clearing Broker. The Trading Advisor shall receive copies of all daily and monthly brokerage statements for the Company directly from the Clearing Broker. The parties acknowledge that the Trading Advisor has no authority or responsibility for selecting the Clearing Broker or for the negotiation of Clearing Broker commission rates. If necessary for the Trading Advisor to trade pursuant to the Program, the Company shall provide adequate dealing lines of credit for the Trading Advisor to place orders for spot and forward currency contracts on behalf of the Company.
Sample 1Sample 2
Clearing of All Trades. The Trading Advisor shall clear orders for all commodity interest transactions for the Fund through such commodity broker or brokers as the Fund shall designate from time to time in its sole discretion (the Fund currently so designating Xxxxxxx Xxxxx). The Trading Advisor will not, without the consent of the Manager, trade on a “give up” basis through floor brokers not affiliated with Xxxxxxx Xxxxx. The Manager will review and approve or disapprove all executing brokers proposed by the Trading Advisor for the Fund’s account. If an executing broker is approved, the Fund will not hold the Trading Advisor liable for any error or breach of contract by any such executing broker, except to the extent attributable to the Trading Advisor’s negligence, misconduct or bad faith on the part of the Trading Advisor. Irrespective of whether floor brokers unaffiliated with Xxxxxxx Xxxxx receive the Manager’s consent to execute trades on behalf of the Fund, all such trades will be “given-up” to be carried by Xxxxxxx Xxxxx. The Trading Advisor shall receive copies of all relevant brokerage statements for the Fund directly from Xxxxxxx Xxxxx.
Sample 1
Clearing of All Trades. The Trading Advisor shall clear orders for all commodity interest transactions for the Company through such commodity broker or brokers as the Company shall designate from time to time in its sole discretion (the “Clearing Broker”). The Trading Advisor shall receive copies of all daily and monthly brokerage statements for the Company directly from the Clearing Broker . The parties acknowledge that the Trading Advisor has no authority or responsibility for selecting a commodity broker or dealers or for the negotiation of brokerage commission rates. If necessary for the Trading Advisor to trade pursuant to the Program, the Company shall provide adequate dealing lines of credit for the Trading Advisor to place orders for spot and forward currency contracts on behalf of the Company.
Sample 1
Clearing of All Trades. The Trading Advisor shall clear orders for all commodity interest transactions for the Master Fund through such commodity broker or brokers as the Manager shall designate from time to time in its sole discretion (the Master Fund currently so designating Xxxxxxx Xxxxx). The Trading Advisor will not, without the consent of the Manager, trade on a “give up” basis through floor brokers, give-up brokers, prime brokers, dealers or other executing entities or facilities (collectively, “executing brokers”) not affiliated with Xxxxxxx Xxxxx. The Manager will review and approve or disapprove all executing brokers proposed by the Trading Advisor for the Master Fund’s account. If an executing broker is approved, neither the Manager nor the Master Fund will hold the Trading Advisor liable for any action, inaction, error or breach of contract by any such executing broker, subject to Section 12. Irrespective of whether floor executing brokers unaffiliated with Xxxxxxx Xxxxx receive the Manager’s consent to execute trades on behalf of the Master Fund, all such trades will be “given-up” to be carried by Xxxxxxx Xxxxx. The Trading Advisor shall receive electronic copies of all daily and monthly brokerage statements for the Master Fund directly from Xxxxxxx Xxxxx.
Sample 1
Clearing of All Trades. The Trading Advisor shall enter orders for all commodity interest transactions for the Fund through such commodity broker or brokers as the Fund shall designate from time to time in its sole discretion (the Fund currently so designating Xxxxxxx Xxxxx). The Trading Advisor will not, without the consent of the Manager, trade on a “give up” basis through floor brokers, give-up brokers, prime brokers, dealers or other executing entities or facilities (collectively, “executing brokers”) not affiliated with Xxxxxxx Xxxxx. The Manager will review and approve or disapprove all executing brokers proposed by the Trading Advisor for the Fund’s account, such approval not to be unreasonably withheld or delayed. If an executing broker is approved, the Fund will not hold the Trading Advisor liable for any error or breach of contract by any such executing broker subject to the standard of liability set forth in Section 12(a). Irrespective of whether executing brokers unaffiliated with Xxxxxxx Xxxxx receive the Manager’s consent to execute trades on behalf of the Fund, all such trades will be “given-up” to be carried by Xxxxxxx Xxxxx. The Trading Advisor shall receive copies of all daily and monthly brokerage statements for the Fund directly from Xxxxxxx Xxxxx. The Trading Advisor shall have full authority to enter in its own name but for the account, benefit and risk of the Fund into any automated order routing agreement, if and when required by any executing broker, for executing orders through an automated order routing system, to make the necessary representations and warranties set forth in such agreement and to negotiate the applicable automated order routing commissions, if any. The parties agree that all orders, entered into pursuant to this Agreement and pursuant to any automated order routing agreement, are being entered into by the Trading Advisor as the Fund’s agent for the account, benefit and risk of the Fund. The Fund agrees to assume all liabilities associated with the orders entered into using an automated order routing system and agrees, subject to the standard of liability set forth in Section 12(a) of this Agreement, that the Trading Advisor shall have no liability for such transactions.
Sample 1
Clearing of All Trades. The Trading Advisor shall clear orders for all commodity interest transactions for the Fund through such commodity broker or brokers as the Fund shall designate from time to time in its sole discretion (the Fund currently so designating MLPF&S). The Trading Advisor will not, without the consent of the Manager, trade on a “give up” basis through floor brokers, give-up brokers, prime brokers, dealers or other executing entities or facilities (collectively, “executing brokers”) not affiliated with Xxxxxxx Xxxxx. The Manager will review and approve or disapprove all executing brokers proposed by the Trading Advisor for the Fund’s account. If an executing broker is approved, the Fund will not hold the Trading Advisor liable for any error or breach of contract by any such executing broker, except to the extent attributable to the Trading Advisor’s negligence, misconduct or bad faith on the part of the Trading Advisor. Irrespective of whether executing brokers unaffiliated with Xxxxxxx Xxxxx receive the Manager’s consent to execute trades on behalf of the Fund, all such trades will be “given-up” to be carried by MLPF&S. The Trading Advisor shall receive copies of all daily and monthly brokerage statements for the Fund directly from MLPF&S.
Sample 1
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Clearing of All Trades. (i) Except as provided in Section 6(d), the Trading Advisor shall clear orders for all commodity interest transactions for the Trading Entity through such commodity broker or brokers as the Trading Entity shall designate from time to time in its sole discretion. Currently, the Trading Entity has so designated the FCM. In the event that the Trading Entity designates a new or different FCM, then the Trading Entity shall provide five (5) Business Days’ prior written notice to the Trading Advisor of such change. Currently, the Trading Advisor trades on a “give up” basis through Societe Generale Newedge UK Limited and X.X. Xxxxxx Securities Ltd., and may trade on a “give up” basis through other floor brokers, give-up brokers, prime brokers, dealers or other executing entities or facilities (collectively, “executing brokers”) not affiliated with the FCM. The Trading Advisor will provide the Trading Entity with five days’ written notice prior to commencing trading with any new executing broker not previously notified to the Trading Entity. All such trades will be “given-up” to be carried by the FCM. The Trading Advisor shall not, with respect to transactions effected for the Trading Entity, use the Trading Advisor or any affiliated person (as defined in Section 2(a)(3) of the 1940 Act) of the Trading Advisor as an executing broker or a counterparty. The Trading Advisor shall receive copies of all daily and monthly brokerage statements for the Trading Entity directly from the FCM.
Sample 1
Clearing of All Trades. (i) Except as provided in Section 6(d), the Trading Advisor shall clear orders for all commodity interest transactions for the Trading Entity through such commodity broker or brokers as the Trading Entity shall designate from time to time in its sole discretion. Currently, the Trading Entity has so designated the FCM and, in particular, the Futures Account for FCM Assets and the FX Account for FX Assets. In the event that the Trading Entity designates a new or different FCM for either FCM Assets or FX Assets, then the Trading Entity shall provide five (5) Business Days’ prior written notice to the Trading Advisor of such change. Currently, the Trading Advisor executes futures and FX Assets through the FCM, and may trade on a “give up” basis through other floor brokers, give-up brokers, prime brokers, dealers or other executing entities or facilities (collectively, “executing brokers”) not affiliated with the FCM. The current list of executing brokers is set forth on Appendix C hereto. The Trading Advisor shall have the authority to add the Futures Account to its umbrella give-up agreements with executing brokers. The Trading Advisor will provide the Trading Entity with five days’ written notice prior to commencing trading with any new executing broker not previously notified to the Trading Entity. The Trading Advisor shall have the authority to add the Futures Account to its umbrella give-up agreements with executing brokers. The Trading Advisor shall not, with respect to transactions effected for the Trading Entity, use the Trading Advisor or any affiliated person (as defined in Section 2(a)(3) of the 1940 Act) of the Trading Advisor as an executing broker or a counterparty. The Trading Advisor shall receive copies of all daily and monthly brokerage statements for the Trading Entity directly from the FCM.
Sample 1

Related to Clearing of All Trades

  • Trustee Dealings with Issuer The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with the Issuer as if it were not the Trustee.

  • Good Faith and Fair Dealing The Parties agree to act in accordance with the principles of good faith and fair dealing in the performance of the Agreement.

  • Trustee Dealings with Company The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee.

  • Conditions Precedent to all Transactions Buyer’s agreement to enter into each Transaction (including the initial Transaction) is subject to the satisfaction of the following further conditions precedent, both immediately prior to entering into such Transaction and also after giving effect to the consummation thereof and the intended use of the proceeds of the sale:

  • All Transactions The obligation of Buyer to enter into each Transaction pursuant to this Agreement is subject to the following conditions precedent:

  • Meeting of all Members If all of the Members shall meet at any time and place, either within or without the State, and consent to the holding of a meeting, such meeting shall be valid without call or notice, and at such meeting any corporate action may be taken.

  • Deposit with Custodian Subject to the terms and conditions of the Deposit Agreement and applicable law, Shares or evidence of rights to receive Shares (other than Restricted Securities) may be deposited by any person (including the Depositary in its individual capacity but subject, however, in the case of the Company or any Affiliate of the Company, to Section 5.7) at any time, whether or not the transfer books of the Company or the Share Registrar, if any, are closed, by Delivery of the Shares to the Custodian. Every deposit of Shares shall be accompanied by the following: (A) (i) in the case of Shares represented by certificates issued in registered form, appropriate instruments of transfer or endorsement, in a form satisfactory to the Custodian, (ii) in the case of Shares represented by certificates in bearer form, the requisite coupons and talons pertaining thereto, and (iii) in the case of Shares delivered by book-entry transfer, confirmation of such book-entry transfer to the Custodian or that irrevocable instructions have been given to cause such Shares to be so transferred, (B) such certifications and payments (including, without limitation, the Depositary's fees and related charges) and evidence of such payments (including, without limitation, stamping or otherwise marking such Shares by way of receipt) as may be required by the Depositary or the Custodian in accordance with the provisions of the Deposit Agreement and applicable law, (C) if the Depositary so requires, a written order directing the Depositary to issue and deliver to, or upon the written order of, the person(s) stated in such order the number of ADSs representing the Shares so deposited, (D) evidence satisfactory to the Depositary (which may be an opinion of counsel) that all necessary approvals have been granted by, or there has been compliance with the rules and regulations of, any applicable governmental agency in India, and (E) if the Depositary so requires, (i) an agreement, assignment or instrument satisfactory to the Depositary or the Custodian which provides for the prompt transfer by any person in whose name the Shares are or have been recorded to the Custodian of any distribution, or right to subscribe for additional Shares or to receive other property in respect of any such deposited Shares or, in lieu thereof, such indemnity or other agreement as shall be satisfactory to the Depositary or the Custodian and (ii) if the Shares are registered in the name of the person on whose behalf they are presented for deposit, a proxy or proxies entitling the Custodian to exercise voting rights in respect of the Shares for any and all purposes until the Shares so deposited are registered in the name of the Depositary, the Custodian or any nominee. Without limiting any other provision of the Deposit Agreement, the Depositary shall instruct the Custodian not to, and the Depositary shall not knowingly, accept for deposit (a) any Restricted Securities, except as contemplated by Section 2.14) nor (b) any fractional Shares or fractional Deposited Securities nor (c) a number of Shares or Deposited Securities which upon application of the ADS to Shares ratio would give rise to fractional ADSs. No Shares shall be accepted for deposit unless accompanied by evidence, if any is required by the Depositary, that is reasonably satisfactory to the Depositary or the Custodian that all conditions to such deposit have been satisfied by the person depositing such Shares under the laws and regulations of India and any necessary approval has been granted by any applicable governmental body in India, if any. In particular, and without limiting the generality of the foregoing, the Depositary agrees to comply, and will cause the Custodian to comply, with the numerical limitations and other applicable conditions set forth in the Operative Guidelines for the Limited Two-way Fungibility of ADRs under the "Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993, as amended" issued by the Indian Ministry of Finance. The Depositary may issue ADSs against evidence of rights to receive Shares from the Company, any agent of the Company or any custodian, registrar, transfer agent, clearing agency or other entity involved in ownership or transaction records in respect of the Shares. Such evidence of rights shall consist of written blanket or specific guarantees of ownership of Shares furnished by the Company or any such custodian, registrar, transfer agent, clearing agency or other entity involved in ownership or transaction records in respect of the Shares. Without limitation of the foregoing, the Depositary shall not knowingly accept for deposit under the Deposit Agreement (A) any Shares or other securities required to be registered under the provisions of the Securities Act, unless (i) a registration statement is in effect as to such Shares or other securities or (ii) the deposit is made upon terms contemplated in Section 2.14, or (B) any Shares or other securities the deposit of which would violate any provisions of the Articles of Association of the Company. For purposes of the foregoing sentence, the Depositary shall be entitled to rely upon representations and warranties made or deemed made pursuant to the Deposit Agreement and shall not be required to make any further investigation. The Depositary will comply with written instructions of the Company (received by the Depositary reasonably in advance) not to accept for deposit hereunder any Shares identified in such instructions at such times and under such circumstances as may reasonably be specified in such instructions in order to facilitate the Company's compliance with the securities laws of the United States.

  • Exclusive Dealings For so long as this Agreement remains in ------------------ effect, neither Seller nor any person acting on Seller's behalf shall, directly or indirectly, solicit or initiate any offer from, or conduct any negotiations with, any person or entity concerning the acquisition of all or any interest in any of the Purchased Assets or the Stations, other than Buyer or Buyer's permitted assignees.

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