Common use of Commission and Charges Clause in Contracts

Commission and Charges. 7.1 In consideration of GTJAF carrying out or entering into transactions in Derivatives, on the Client's behalf or for the Account, the Client agrees to pay GTJAF commissions at such rate or rates and on such basis as it may from time to time determine and notify the Client as being the rate or rates applicable to the Account provided that such commissions shall at all times be no less than the minimum, if any, as may be specified by any exchange from time to time. In addition, the Client shall pay or reimburse GTJAF forthwith on demand all commission, brokerage, levies, fees, duties and taxes and all other charges and expenses suffered or incurred by GTJAF arising out of or in connection with any purchase or sale of contracts entered into by GTJAF on behalf of the Client or otherwise arising out of or in connection with the performance of any of GTJAF’s duties under this Agreement. All such amounts may be deducted from the Account and any other accounts maintained by the Client with GTJAF.