Common use of Investment Managers Clause in Contracts

Investment Managers. If Participant is an investment manager or agent, Participant represents and warrants that (i) it is executing this Agreement on its own behalf and as agent of Participant’s principals; (ii) Participant has all requisite authority to so execute and to effect Trades via the Service on behalf of its principals; (iii) all such Trades will be suitable and/or appropriate for the principals; and (iv) Participant will give Platform Provider prior written notice of any principals on whose behalf it will use the Service. Participant shall notify Platform Provider of any change to its list of principals on whose behalf it uses the Service. Client will indemnify Platform Provider against any Action (as defined below) brought by or on behalf of Participant’s principals.