Dealing with Members. Subject to compliance with Section 3.5, the fact that a Member, an Affiliate of a Member, or any officer, director, employee, member, partner, consultant or agent of a Member or an Affiliate, is directly or indirectly interested in or connected with any Person employed by the Company to render or perform a service, or from or to whom the Company may buy or sell any property or have other business dealings, shall not prohibit a Member from employing such Person or from dealing with him or it on customary terms and at competitive rates of compensation, and neither the Company, nor any of the other Members shall have any right in or to any income or profits derived therefrom by reason of this Agreement.
Dealing with Members. 22 4.7. Designation of Tax Matters Member...................................22 4.8.
Dealing with Members. The fact that a Member, an Affiliate of a Member or any officer, director, employee, partner, consultant or agent of a Member, is directly or indirectly interested in or connected with any person, firm or corporation employed by the Company to render or perform a service, or from or to whom the Company may buy or sell any property or have other business dealings, shall not prohibit the Company from employing such person, firm or corporation or from dealing with him or it (each, an "Affiliate Transaction") on arm's-length terms, and neither the Company nor any of the Members shall have any rights in or to any income or profits derived therefrom by the party to any such Affiliate Transaction.
Dealing with Members interests during Joint Committee meetings
Dealing with Members. (a) Subject to any approval requirements associated therewith under Section 3.2, and any provisions of this Agreement concerning the enforcement of Affiliate Contracts against Member Affiliates, the fact that a Member, Member Affiliate, or any officer, director, employee, partner, member, manager, consultant or agent of a Member or Member Affiliate, is directly or indirectly interested in or connected with any Person employed by the Company to render or perform a service, or from or to whom the Company may buy or sell any property or have other business dealings, shall not prohibit the Company from employing such Person or from dealing with him or it to procure necessary services that would otherwise be required from third party providers, on customary, arm's length equivalent terms and at competitive rates of compensation, and neither the Company nor any of the other Members shall have any right in or to any income or profits derived therefrom by reason of this Agreement. If the non-affiliated Member approves any business dealing between the Company or a Subsidiary and a Member or Member Affiliate, such business dealing shall be conclusively deemed to meet the standard of the preceding sentence.
Dealing with Members. Subject to Section 5.3(a)(vi), the fact that a Member, an Affiliate of a Member, or any officer, director, employee, partner, consultant or agent of a Member, is directly or indirectly interested in or connected with any Person employed by the Company to render or perform a service, or from or to whom the Company may buy or sell any property or have other business dealings, shall not prohibit a Member or the Company from employing such Person or from dealing with him or it on customary arm’s length terms and at competitive arm’s length rates of compensation, and neither the Company nor any of the other Members shall have any right in or to any income or profits derived therefrom by reason of this Agreement. Notwithstanding the foregoing, each Member agrees that it shall not, and it shall cause its Affiliates to not, without approval of the Board, directly or indirectly, solicit to employ any key personnel of the Company or its Subsidiaries; provided, however, that each Member and its Affiliates may engage in general solicitations for employees in the ordinary course of business.
Dealing with Members. The LLC, each Member, the Board of Representatives, the LLC General Manager and any other Person or Persons having business with the LLC need deal only with Members who are admitted as Members or as substituted Members of the LLC, and they shall not be required to deal with any other person by reason of transfer by a Member except as otherwise provided in this Agreement. In the absence of the substitution (as provided herein) of a Member for a transferring Member, any payment to a Member shall acquit the LLC and the Board of Representatives of all liability to any other persons who may be interested in such payment by reason of an assignment by such Member.
Dealing with Members. The fact that a Member, an Affiliate of a Member or any officer, director, employee, partner, consultant or agent of a Member or an Affiliate of a Member, is directly or indirectly interested in or connected with any person, firm or corporation employed by the Company to render or perform a service, or from or to whom the Company may buy or sell any property or have other business dealings, shall not prohibit the Company from employing such person, firm or corporation or from dealing with him or it on customary terms and at competitive rates of compensation, and neither the Company nor any of the Members shall have any rights in or to any income or profits derived therefrom, PROVIDED, however that in the event any Member provides a loan to the Company, such loan shall (i) be on commercially reasonable terms, (ii) have a term of six (6) months or less and (iii) together with all other loans from Members to the Company then outstanding, be in an aggregate amount of less than 10% of the Book Value of all of the Company Assets and the assets of the Subsidiaries.
Dealing with Members. The fact that any Member or any affiliate of a Member is directly or indirectly interested in or connected with any Person employed by the Company to render or perform a service, or from which or to whom the Company may buy or sell any property, shall not prohibit the Company from employing or dealing with such Person.
Dealing with Members. Do’s Don’ts ✓ Trade only through registered members of the Exchange. Check with the Exchange to see whether the member is registered with the Exchange. ✓ Insist on filling up a standard ‘Know Your Client (KYC)’ form and on getting a Client- Id. ✓ Insist on reading and signing standard ‘Risk Disclosure Agreement'. ✓ Cross check the genuineness of trades carried out at NCDEX through the trade verification facility available on NCDEX website. The trades can be verified online at xxx.xxxxx.xxx/xxxxxxxxxx/xxxx trade verification.aspx where trade information is available up to 3 working days from the trade date. ✓ While trading through an authorized person ensure that a duly signed contract note has been issued by the member or its authorized persons for every executed trade, highlighting the details of the trade along with your unique Client-Id. ✓ Obtain receipt for collaterals deposited with the member towards margins. ✓ Go through the Rules, Bye-laws, Regulations, Circulars, directives, notifications of the Exchange as well as of the Regulators, Governments and other authorities and details of Client-Trading Member Agreement to know your rights and duties vis-à-vis those of the member. ✓ State clearly who will be placing orders on your behalf. Give precise and clear instructions while placing, modifying or canceling orders. ✓ Ask all relevant questions and clear your doubts with your member before transacting. ✓ Ensure that the Contract Note contains all 🗶 Do not start trading before reading and understanding the Risk Disclosure Agreement and entering into the prescribed agreement with the Member. 🗶 Do not deal with unregistered intermediaries even if their charges are lower and/or margins are lesser. 🗶 Do not undertake off-market transactions in commodities with a member of the Exchange, unless such member records in the agreement for sale, note or memorandum that he is selling/purchasing the goods as the case may be, for his own account and obtains a consent from you in respect thereof as required u/s 15 (4) of the Forward Contracts (Regulation) Xxx, 0000. 🗶 Do not neglect to set out in writing, orders for higher value given over phone. 🗶 Do not accept unsigned/duplicate contract note/confirmation memo. 🗶 Do not accept contract note/confirmation memo signed by any unauthorized person. 🗶 Do not delay payment/deliveries of commodities to member. 🗶 Do not get carried away by luring advertisements, rumours, hot tips, promise of unrealistic returns, etc....
