Discretionary Trading Authorization Sample Clauses

Discretionary Trading Authorization. (a) WBI is authorized, without prior consultation with the Client, to buy, sell, and trade in shares of exchange traded funds managed by WBI and its affiliates (“Affiliated ETFs”) and to invest in such other securities and investment products as WBI deems appropriate, in its sole discretion, in order to provide exposure to instruments or market sectors that are not represented by the Affiliated ETFs. Although pursuant to certain strategies the Account will be primarily invested in shares of Affiliated ETFs, Client agrees that WBI’s discretion under this Agreement includes the authority to buy, sell and trade in stocks, bonds, mutual funds, various investment subdivisions which comprise variable annuity/ life products owned by Client, unaffiliated exchange traded funds (“ETFs”), exchange traded notes (“ETNs”), contracts relating to the same, on margin (only if written authorization has been granted) or otherwise, to the extent consistent with the WBI strategy and Client’s investment objectives. WBI is authorized to give instructions in furtherance of such authority to registered broker- dealers through which WBI effects transactions on behalf of the Account and to those broker-dealers or financial institutions that custody the Assets.
Sample 1
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Discretionary Trading Authorization. A. The Client authorizes GaveKal to purchase and sell any securities consistent with the Client’s stated investment objectives and risk tolerance. In no circumstance is GaveKal authorized to transfer funds or securities out of the Client’s account (except as set forth in Schedule B hereto). If the Client elects to grant this authority to GaveKal, the Client must sign and date the FULL DISCRETIONARY TRADING AUTHORIZATION form attached hereto as Schedule C.
Sample 1
Discretionary Trading Authorization. Investment Manager hereby appoints Sub-Adviser as Investment Manager's agent and attorney-in-fact with discretionary trading authorization to buy and sell securities for the Account and at the Account's risk through or with brokers or dealers. Sub-Adviser is authorized to select the brokers or dealers that will execute the purchases and sales of portfolio securities for the Account, and is directed to use its commercially reasonable efforts to obtain best execution, which includes most favorable net results and execution of the Account's orders, taking into account all appropriate factors, including price, dealer spread or commission, size and difficulty of the transaction and research or other services provided. Sub-Adviser may select itself as a broker, in an agency capacity, to execute transactions in portfolio securities for the Account in accordance with policies and procedures adopted by the Board of Trustees from time to time, provided the Sub-Adviser is given written notice of the same. It is understood that the Sub-Adviser will not be deemed to have acted unlawfully, or to have breached a fiduciary duty to the Fund, or be in breach of any obligation owing to Investment Manager or the Fund in respect of this Agreement, or otherwise, solely by reason of its having caused the Account to pay a member of a securities exchange, a broker or a dealer (including the Sub-Adviser's internal broker-dealer) a commission for effecting a securities transaction for the Account in excess of the amount of commission another member of an exchange, broker or dealer would have charged if the Sub-Adviser determined in good faith that the commission paid was reasonable in relation the brokerage or research services provided by such member, broker or dealer, viewed in terms of that particular transaction or the Sub-Adviser's overall responsibilities with respect to its accounts, including the Account, as to which it exercises investment discretion. The Sub-Adviser will properly communicate to Investment Manager or to the Trust's Chief Compliance Officer (the "CCO") and the Trust's officers and Board of Trustees such information relating to transactions for the Account as they may reasonably request. In no instance will portfolio securities be purchased from or sold to Investment Manager, or Sub-Adviser or any affiliated person of either the Trust, Investment Manager or Sub-Adviser, except as may be permitted under the 1940 Act.
Sample 1

Related to Discretionary Trading Authorization

  • Authorization of the Common Shares The Common Shares to be purchased by the Underwriters from the Company have been duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered by the Company pursuant to this Agreement, will be validly issued, fully paid and nonassessable.

  • Regulatory Authorizations Each Party represents and warrants that it has, or applied for, all regulatory authorizations necessary for it to perform its obligations under this Agreement.

  • Authorization of the Offered Shares The Offered Shares have been duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered by the Company against payment therefor pursuant to this Agreement, will be validly issued, fully paid and nonassessable, and the issuance and sale of the Offered Shares is not subject to any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase the Offered Shares.

  • Authorization of the Common Stock The Placement Shares, when issued and delivered, will be duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered by the Company against payment therefor pursuant to this Agreement, will be duly authorized, validly issued, fully paid and nonassessable.

  • Board Authorization Prior to delivering notice of the proposed terms of an Agency Transaction or a Principal Transaction pursuant to Section 1 (or at such time as otherwise agreed between the Company and the Agents), the Company shall have (i) obtained from its board of directors thereof all necessary corporate authority for the sale of the Shares pursuant to the relevant Agency Transaction or Principal Transaction, as the case may be, and (ii) provided to the Agents a copy of the relevant board resolutions or other authority.

  • Necessary Authorizations Each Borrower Party and each Subsidiary of a Borrower Party has obtained all Necessary Authorizations, and all such Necessary Authorizations are in full force and effect except, other than with respect to the transactions contemplated by the Loan Documents, where failure to obtain such Necessary Authorizations, or the failure of such Necessary Authorizations to be in full force and effect, could not reasonably be expected to have a Materially Adverse Effect. None of such Necessary Authorizations is the subject of any pending or, to the best of each Borrower Party’s knowledge, threatened attack or revocation, by the grantor of the Necessary Authorization except, other than with respect to the transactions contemplated by the Loan Documents, where the revocation by the grantor of such Necessary Authorizations could not reasonably be expected to have a Materially Adverse Effect.

  • Company Authority The Company has all requisite corporate power and authority to enter into and perform this Agreement and to consummate the transactions contemplated herein.

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