Introduction regarding the Research Charge Collection Serv Sample Clauses

Introduction regarding the Research Charge Collection Serv ices a) The Client’s business consists of managing investments for certain of its own clients (“Underlying Clients”). b) Acting on behalf of such Underlying Clients, the Client from time to time wishes to procure from Instinet the execution of orders for the purchase and sale of securities and other instruments (“Transactions”). c) The Client from time to time wishes to procure the provision of research services as permitted under Applicable Rules (the “Research Serv ices”) from various research providers, which may include Instinet or any Affiliated Company (the “Research Serv ice Providers”). d) The Parties intend that a research charge (the “Research Charge”) shall also be charged by Instinet and collected by Instinet, in some cases alongside the brokerage commission and used by the Client as payment for Research Services it purchases from Research Service Providers. Instinet shall subsequently pay the Research Charge into such research payment account(s) (which may include Instinet’s research payment account (each an “RPA”) being maintained by or on behalf of the Client or as the Client may from time to time direct. The Parties understand that amounts credited to the RPAs shall subsequently be used to pay for the provision of Research Services provided by the Research Service Providers to the Client i n accordance with Applicable Rules. The amount of the Research Charge shall be agreed between the Client and Instinet from time to time. e) The Parties agree that the Client may appoint one or more RPA administrators (each an “RPA Administrator”), which can be Instinet or a third party, to provide the Client with certain services in connection with the administration of the RPAs. f) Where the Client wishes to appoint Instinet as its RPA Administrator, it must enter into such additional terms as Instinet may from time to time determine.
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Related to Introduction regarding the Research Charge Collection Serv

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