Common use of CUSTODIAN / BROKERS Clause in Contracts

CUSTODIAN / BROKERS. 23.1 The Fund Manager shall have the absolute discretion to nominate as it deems appropriate third parties to execute any transactions in the authorised investments relating to the Account (“the Broker”) provided that that Xxxxxx is duly licensed to execute such transactions in the authorised investments relating to the Account. For avoidance of doubt, the term “Broker” shall include a licensed person under the Act that is authorised to carry out dealing in securities. Where applicable, the Fund Manager shall also have the absolute discretion to nominate and/or appoint a correspondent and/or foreign fund manager and other any other third party to execute and/or manage the authorised foreign investment and/or any other transactions in the foreign market relating to the Account or to perform any of the rights, power or obligations from time to time vested in it by this Agreement, on such terms as the Fund Manager deems fit provided such correspondent and/ or foreign fund manager and other third party is duly licensed to execute and/ or manage the authorised foreign investment and/or any other transactions in the foreign market relating to the Account or to perform any of the rights, power or obligations from time to time vested in it by this Agreement and provided further that such nomination and/ or appointment shall not absolve nor exonerate the Fund Manager from its obligations and duties to the Investor under this Agreement.

CUSTODIAN / BROKERS. 23.1 25.1 The Fund Manager shall have the absolute discretion to nominate as it deems appropriate third parties to execute any transactions in the authorised investments relating to the Account (“the Broker”) provided that that Xxxxxx is duly licensed to execute such transactions in the authorised investments relating to the Account. For avoidance of doubt, the term “Broker” shall include a licensed person under the Act that is authorised to carry out dealing in securities. Where applicable, the Fund Manager shall also have the absolute discretion to nominate and/or appoint a correspondent and/or foreign fund manager and other any other third party to execute and/or manage the authorised foreign investment and/or any other transactions in the foreign market relating to the Account or to perform any of the rights, power or obligations from time to time vested in it by this Agreementagreement, on such terms as the Fund Manager deems fit provided such correspondent and/ or foreign fund manager and other third party is duly licensed to execute and/ or manage the authorised foreign investment and/or any other transactions in the foreign market relating to the Account or to perform any of the rights, power or obligations from time to time vested in it by this Agreement agreement and provided further that such nomination and/ or appointment shall not absolve nor exonerate the Fund Manager from its obligations and duties to the Investor under this Agreement.

CUSTODIAN / BROKERS. 23.1 25.1 The Fund Manager shall have the absolute discretion to nominate as it deems appropriate third parties to execute any transactions in the authorised investments relating to the Account (“the Broker”) provided that that Xxxxxx Broker is duly licensed to execute such transactions in the authorised investments relating to the Account. For avoidance of doubt, the term “Broker” shall include a licensed person under the Act that is authorised to carry out dealing in securities. Where applicable, the Fund Manager shall also have the absolute discretion to nominate and/or appoint a correspondent and/or foreign fund manager and other any other third party to execute and/or manage the authorised foreign investment and/or any other transactions in the foreign market relating to the Account or to perform any of the rights, power or obligations from time to time vested in it by this Agreement, on such terms as the Fund Manager deems fit provided such correspondent and/ or foreign fund manager and other third party is duly licensed to execute and/ or manage the authorised foreign investment and/or any other transactions in the foreign market relating to the Account or to perform any of the rights, power or obligations from time to time vested in it by this Agreement and provided further that such nomination and/ or appointment shall not absolve nor exonerate the Fund Manager from its obligations and duties to the Investor under this Agreement.