Duties Limited. The Depository and Clearing Agent undertakes for the benefit of APX and the Participant to perform only the duties expressly set forth in this Agreement and such other responsibilities incidental to the performance of its service as contemplated herein. The Participant acknowledges and agrees that APX and the Depository and Clearing Agent are party to certain other agreements relating to the APX Markets, that the Participant has no rights or obligations under any such other agreement, and that it is not an intended third party beneficiary of any such agreement.
Appears in 3 contracts
Samples: Automated Power Exchange Service and Participation Agreement (Full Power Group Inc), Settlement Account Agreement (Powersource Corp), Monetary Reserve Account Agreement (Powersource Corp)
Duties Limited. The Depository and Clearing Agent undertakes for the benefit of APX and the Participant to perform only the duties expressly set forth in this Agreement and such other responsibilities incidental to the performance of its service as contemplated herein. The Participant acknowledges and agrees that APX and the Depository and Clearing Agent are party to certain other agreements relating related to the APX Markets, that the Participant has no rights or obligations under any such other agreement, and that it is not an intended third party beneficiary of any such agreement.
Appears in 1 contract
Samples: Automated Power Exchange Service and Participation Agreement (Full Power Group Inc)
