Common use of Compensation of CFI Clause in Contracts

Compensation of CFI. In compensation of CFI's services pursuant to this Agreement, DWR shall pay to CFI such fees and costs as DWR and CFI shall agree from time to time, and the Customer shall pay CFI all floor brokerage fees, exchange fees, clearinghouse fees, NFA fees, "give-up" fees, any taxes (other than income taxes), any third party clearing costs incurred by CFI, costs associated with taking delivery of futures interests, fees for execution of forward contract transactions (in the aggregate, "Transaction Costs"). DWR shall reimburse the Customer at each month-end for all Transaction Costs incurred by the Customer. The Customer shall have no obligation to reimburse DWR for any payments made by DWR to CFI.

Appears in 12 contracts

Samples: Customer Agreement (Morgan Stanley Dean Witter Charter Millburn Lp), Customer Agreement (Witter Dean Select Futures Fund Lp), Customer Agreement (Morgan Stanley Dean Witter Charter Welton Lp)

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