Common use of Material Interest Clause in Contracts

Material Interest. AM UK or its Affiliates may, when arranging deals or dealing for Customer have various policies and procedures in place to assist in identifying, preventing and managing conflicts of interests with Customer, or between Customer and another client that arise in the course of providing services. The AM UK Conflicts of Interest policy provides the overall framework for the identification of conflicts and addresses business conduct and practices that may give rise to an actual or potential conflict of interest. A summary of the policy can be found on the AM UK website. In addition to the Conflicts of Interest policy, there are various other policies and processes that address conflicts of interest that arise in specific circumstances, including those dealing with employee trading, external interests or gifts and entertainment. In those residual circumstances where organizational or administrative arrangements are unable to prevent, with reasonable confidence, that the risk of the conflict has a negative impact on Customer`s interest, AM UK and its Affiliates will disclose the source and nature of the material interest as soon as reasonably possible as well as the steps taken to mitigate those risks prior to providing services to Customer. AM UK and its Affiliates hereby disclose that, when arranging deals or dealing for Customer, they may have an interest relationship or arrangement that is material including, without limitation: (A) Dealing in the investment concerned or a related investment or an asset underlying the investment, as principal for AM UK`s or the Affiliate`s own account or that of someone else, including selling to or buying from Customer; (B) Combining Customer`s orders with the orders of AM UK`s Affiliates, or the orders of the Customers of AM UK or its Affiliates; (C) Matching (e.g., by way of a cross) Customer`s order with that of another Customer by acting on his behalf as well as that of Customer; (D) Buying from Customer and either selling or not selling immediately to another Customer or vice versa; (E) Holding a position (including a short position in the investment concerned, a related investment or an asset underlying the investment); (F) Quoting prices to the market in the investment, a related investment or the asset underlying the investment; and (G) Arranging deals and providing other services to associates or Customers who may have interests in investments or underlying assets which conflict with Customer`s own. Customer authorizes AM UK, its Affiliates, or their customers, to act as buyers with respect to orders given by Customer to AM UK to sell for Customer`s accounts, or as sellers with respect to orders given by Customer to AM UK to buy for Customer`s accounts. Customer accepts that AM UK and/or its Affiliates may have interests which conflict with Customer`s interests and may owe duties which conflict with duties which would otherwise be owed to Customer and consents to the same. This consent is subject to the Rules of the exchanges or markets on which such transactions occur and other Applicable Regulations.

Material Interest. AM UK CY or its Affiliates may, when arranging deals or dealing for Customer have various policies and procedures in place to assist in identifying, preventing and managing conflicts of interests with Customer, or between Customer and another client that arise in the course of providing services. The AM UK CY Conflicts of Interest policy provides the overall framework for the identification of conflicts and addresses business conduct and practices that may give rise to an actual or potential conflict of interest. A summary of the policy can be found on the AM UK CY website. In addition to the Conflicts of Interest policy, there are various other policies and processes that address conflicts of interest that arise in specific circumstances, including those dealing with employee trading, external interests or gifts and entertainment. In those residual circumstances where organizational or administrative arrangements are unable to prevent, with reasonable confidence, that the risk of the conflict has a negative impact on Customer`s Customer's interest, AM UK CY and its Affiliates will disclose the source and nature of the material interest as soon as reasonably possible as well as the steps taken to mitigate those risks prior to providing services to Customer. AM UK CY and its Affiliates hereby disclose that, when arranging deals or dealing for Customer, they may have an interest relationship or arrangement that is material including, without limitation: (A) Dealing in the investment concerned or a related investment or an asset underlying the investment, as principal for AM UK`s CY's or the Affiliate`s Affiliate's own account or that of someone else, including selling to or buying from Customer; (B) Combining Customer`s Customer's orders with the orders of AM UK`s CY's Affiliates, or the orders of the Customers of AM UK CY or its Affiliates; (C) Matching (e.g., by way of a cross) Customer`s Customer's order with that of another Customer by acting on his behalf as well as that of Customer; (D) Buying from Customer and either selling or not selling immediately to another Customer or vice versa; (E) Holding a position (including a short position in the investment concerned, a related investment or an asset underlying the investment); (F) Quoting prices to the market in the investment, a related investment or the asset underlying the investment; and (G) Arranging deals and providing other services to associates or Customers who may have interests in investments or underlying assets which conflict with Customer`s Customer's own. Customer authorizes AM UKCY, its Affiliates, or their customers, to act as buyers with respect to orders given by Customer to AM UK CY to sell for Customer`s Customer's accounts, or as sellers with respect to orders given by Customer to AM UK CY to buy for Customer`s Customer's accounts. Customer accepts that AM UK CY and/or its Affiliates may have interests which conflict with Customer`s Customer's interests and may owe duties which conflict with duties which would otherwise be owed to Customer and consents to the same. This consent is subject to the Rules of the exchanges or markets on which such transactions occur and other Applicable Regulations.