Common use of Compensation of CFI Clause in Contracts

Compensation of CFI. In compensation of CFI's services pursuant to this Agreement, the Customer shall pay CFI all NFA fees, clearinghouse fees, exchange fees or other regulatory fees, taxes (other than income taxes), floor brokerage fees, third-party clearing fees and give-up fees. DWR shall pay to CFI such charges with respect to the execution and clearance of trades for the Customer as DWR and CFI shall agree from time to time. Subject to the brokerage commission and transaction fees and costs caps set forth in the DWR Customer Agreement, DWR shall have no obligation to reimburse the Customer for any payments made by the Customer to CFI. The Customer shall have no obligation to reimburse DWR for any payments made by DWR to CFI.

Appears in 14 contracts

Samples: Customer Agreement (Witter Dean Cornerstone Fund Iii), Customer Agreement (Dean Witter Global Perspective Portfolio L P), Customer Agreement (Dean Witter Portfolio Strategy Fund Lp)

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