Common use of NO SEPARATE AGREEMENTS Clause in Contracts

NO SEPARATE AGREEMENTS. Client acknowledges that Client has no separate agreement with Client’s broker or any GMI employee or agent regarding the trading in Client’s GMI account, including any agreement to guarantee profits or limit losses in Client’s account. Client understands that Client is under an obligation to notify GMI’s Compliance Department immediately in writing as to any agreement of this type. Further, Client understands that any representations made by anyone concerning Client’s account that differ from any statements Client receives from GMI must be brought to the attention of GMI’s Compliance Department immediately in writing. Client understands that Client must authorize every transaction prior to its execution unless Client has delegated discretion to another party by signing GMI’s limited power of attorney (“LPOA”). Any disputed transactions must be brought to the attention of GMI’s Compliance Department pursuant to the notice requirements of this Agreement. Client agrees to indemnify and hold GMI harmless from all damages or liability resulting from Client’s failure to notify GMI’s Compliance Department within one (1) business day of any of the occurrences referred to herein. All notices required under this section shall be sent to GMI at its home office.