Custody and Trading Sample Clauses

Custody and Trading. 4.1 The Asset Management Services are provided under the condition that the Client has entered into an agreement with Amdax for its trading and custody services prior to the Effective Date. 4.2 All Digital Assets are purchased or sold through the use of Amdax’s order execution service, which includes the purchase or sale of Digital Assets via third parties (e.g., Digital Asset exchanges) or decentralized Digital Asset exchanges. 4.3 All Digital Assets will be held in the Account or at the exchange on which the Digital Assets were purchased.
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Custody and Trading. Client’s assets shall be held in the name of the Client by an independent custodian. Adviser will assist Client with establishing a custodial account or accounts with an independent broker-dealer or other custodian (the “Directed Broker”). Client authorizes Adviser to give the Custodian instructions for the purchase, sale, conversion, redemption, exchange or retention of any security, cash or cash equivalent or other investment for the Account. Client will be solely responsible for paying all fees or charges of the Custodian. The Adviser will have no liability for any act or omission or for the solvency of the Custodian. Adviser has adopted the following safeguards in order to avoid having custody of our clients’ funds with respect to deducting fees from client accounts: 3.1 Clients’ accounts are held by a qualified custodian (generally a broker-dealer, bank, trust company, or other financial institution). 3.2 Clients will receive statements directly from their qualified custodian at least quarterly. The statements will reflect the client’s funds and securities held with the qualified custodian as well as any transactions that occurred in the account, including the deduction of Adviser’s fee. 3.3 Each billing period, we send clients a statement showing the amount of the fee, the value of the client’s assets that the fee was based on, and how we calculated the fee, and the time period covered by the fee. 3.4 We send only the amount of our fee to the custodian. 3.5 It is the client’s responsibility to verify the accuracy of the fee calculation. The custodian will not determine whether the fee is properly calculated.
Custody and Trading. Client shall appoint a custodian to take and have possession of the Sub-Account(s), and the Sub-Adviser shall be authorized to effect all transactions authorized by this document through the custodian of the Sub-Account. Neither the Adviser nor Sub-Adviser shall have custody over any assets of the Sub-Account(s) nor act as a broker or dealer for transactions of the Sub-Account(s). While this authorization is in effect, Client shall not give any direct instructions to the custodian of the Sub-Account(s) regarding the investment or reinvestment of assets in the Sub-Account. The Adviser shall not be liable to Client for any act or omission of the Sub-Adviser, or any broker, dealer or custodian.
Custody and Trading. Client shall appoint a custodian to take and have possession of the Outside Account(s), and the Third Party Adviser shall be authorized to effect all transactions authorized by this document through the custodian of the Outside Account. Neither the Adviser nor Third Party Adviser shall have custody over any assets of the Outside Account(s) nor act as a broker or dealer for transactions of the Outside Account(s). While this authorization is in effect, Client shall not give any direct instructions to the custodian of the Outside Account(s) regarding the investment or reinvestment of assets in the Outside Account. The Adviser shall not be liable to Client for any act or omission of the Third Party Adviser, or any broker, dealer or custodian.
Custody and Trading. 4.1 Client shall arrange for the Assets to be maintained by a qualified custodian as defined under rules promulgated under the Investment Advisers Act of 1940, as amended ("Custodian") unless the Assets are exempt from such regulatory requirement. Summit may assist Client in opening Accounts at the Custodians recommended by Summit but Client may open Accounts with any Custodian he/she chooses. 4.2 Notwithstanding section 4.1, in the event Summit deems it to be in the best interest of Client, Client consents to the following: Client appoints Summit as its true and lawful attorney-in-fact, and empowers and authorizes Summit, in the name of Client, to make, execute, sign, swear to, acknowledge and file all documents relating to (i) opening new brokerage or custodial account(s) on behalf of Client with a Custodian selected by Summit, which Custodian shall send statements to Client at least quarterly; and (ii) transferring the Assets from existing Accounts into any such new account(s) opened on behalf of Client. Client acknowledges that, in the event Summit opens one or more new account(s) on behalf of Client and transfers the Assets from existing Accounts into any such new account(s) opened on behalf of Client, the terms of this Agreement shall govern the investment advice provided with respect to the Assets in such new account(s). In addition, if Summit opens new account(s) with a Custodian on Client's behalf, Summit shall notify Client in writing of the Custodian's name, address, and the manner in which the funds and/or securities are maintained, promptly when the account(s) are opened and following any changes to this information. 4.3 Under no circumstance shall Summit act as custodian for Client's cash or securities or take actual custody and/or physical control of the Assets. The Custodian (or the issuer for Assets exempt from the custodian requirement) shall at all times have actual custody and/or physical control of the Assets. 4.4 Client hereby authorizes the Custodian to follow the instructions of Summit in every respect concerning Client's Assets custodied by such Custodian. This authorization continues in full force until this Agreement is terminated. 4.5 Summit shall not be liable for any act or omission of any broker-dealer or Custodian. Any fees, charges, or other compensation owed to a Custodian and broker-dealers for their services to the Accounts shall be the obligation of Client and not Summit. 4.6 Summit may but is not required to aggregate ...

Related to Custody and Trading

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  • No Price Stabilization or Manipulation; Compliance with Regulation M Neither the Company nor any of its subsidiaries has taken, directly or indirectly, any action designed to or that might cause or result in stabilization or manipulation of the price of the Shares or of any “reference security” (as defined in Rule 100 of Regulation M under the Exchange Act (“Regulation M”)) with respect to the Shares, whether to facilitate the sale or resale of the Offered Shares or otherwise, and has taken no action which would directly or indirectly violate Regulation M.

  • ENERGY POLICY AND CONSERVATION ACT COMPLIANCE To the extent applicable, Supplier must comply with the mandatory standards and policies relating to energy efficiency which are contained in the state energy conservation plan issued in compliance with the Energy Policy and Conservation Act.

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