Prime Broker Notification Sample Clauses

Prime Broker Notification. Where Broker acts as an executing broker for Accounts that prime broker their securities away from BNYCS (a "Prime Brokerage Customer"), Broker shall notify BNYCS with respect to each account for which Broker intends to act as an executing broker and Broker shall be solely responsible for conducting its own credit review with respect to each such Prime Brokerage Customer. Broker shall promptly notify BNYCS, but in no event later than 5:00 p.m. Illinois time of the trade date, in a mutually acceptable fashion, of such trades in sufficient detail for BNYCS to be able to report and transfer any trade executed by Broker on behalf of a Prime Brokerage Customer to the relevant prime broker. Broker understands and agrees that if the prime broker shall disaffirm or DK any trade executed by Broker on behalf of a Prime Brokerage Customer, Broker shall, if it has not already done so, open a margin account for such Prime Brokerage customer in its range of accounts and shall transfer or deliver the trade to such margin account for the risk and expense of BNYCS to the same extent as for any account introduced by Broker pursuant to this Agreement. Broker understands and agrees that for certain Prime Brokerage Customers, BNYCS acts as both the clearing broker and the prime broker (the "Prime Broker"). BNYCS as the Prime Broker will not disaffirm or DK a transaction for Broker's Prime Brokerage Customers but will notify Broker that a problem exists and, as permitted under the SEC Letter, that it is unable to settle the trade. BNYCS as the clearing broker will request that Broker open a margin account for such Prime Brokerage Customer in Broker's range of accounts and transfer or deliver the trade to such margin account for the risk and expense of Broker to the same extent as for any account introduced by Broker pursuant to this Agreement. Broker understands and agrees that all transactions for its Prime Brokerage Customers shall be conducted in accordance with the requirements of any Applicable Regulations, SEC "no action" or interpretative letters or written policies, and rules or regulations governing prime brokerage transactions.
Sample 1
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Prime Broker Notification. Where Broker acts as an executing broker for Accounts that prime broker their securities away from ConvergEx (a “Prime Broker Customer”), Broker shall notify ConvergEx with respect to each account for which Broker intends to act as an executing broker and Broker shall be responsible for conducting its own credit review with respect to each such Prime Broker Customer. Broker shall promptly notify ConvergEx, but in no event later than 5:00 p.m. New York City time of the trade date, in a mutually acceptable fashion, of such trades in sufficient detail for ConvergEx to be able to report and transfer any trade executed by Broker on behalf of a Prime Broker Customer to the relevant prime broker. Broker understands and agrees that if the prime broker shall disaffirm or DK any trade executed by Broker on behalf of a Prime Broker Customer, Broker shall, if it has not already done so, open a margin account for such Prime Broker Customer in its range of accounts and shall transfer or deliver the trade to such margin account for the risk and expense of Broker to the same extent as for any Account pursuant to this Agreement. Broker agrees that all transactions for its Prime Broker Customers shall be conducted in accordance with the requirements of any Applicable Regulations, SEC “no-action” or interpretative letters or written policies, and rules or regulations governing prime broker transactions.
Sample 1

Related to Prime Broker Notification

  • Prior Notification Unless specifically prohibited by applicable law or court order, each of the Banks and the Agent shall, prior to disclosure thereof, notify the Borrower of any request for disclosure of any such non-public information by any governmental agency or representative thereof (other than any such request in connection with an examination of the financial condition of such Bank by such governmental agency) or pursuant to legal process.

  • REPORTING - NOTIFICATION A. Quarterly Reports In addition to any reports required pursuant to §19 or pursuant to any exhibit, for any contract having a term longer than 3 months, Local Agency shall submit, on a quarterly basis, a written report specifying progress made for each specified performance measure and standard in this Agreement. Such progress report shall be in accordance with the procedures developed and prescribed by the State. Progress reports shall be submitted to the State not later than five (5) Business Days following the end of each calendar quarter or at such time as otherwise specified by the State.

  • Customer Notification By executing this Agreement, the Advisor acknowledges that as required by the Advisers Act the Sub-Advisor has supplied to the Advisor and the Trust copies of the Sub-Advisor’s Form ADV with all exhibits and attachments (including the Sub-Advisor’s statement of financial condition) and will promptly supply to the Advisor copies of all amendments or restatements of such document. Otherwise, the Advisor’s rights under federal law allow termination of this contract without penalty within five business days after entering into this contract. U.S. law also requires the Sub-Advisor to obtain, verify, and record information that identifies each person or entity that opens an account. The Sub-Advisor will ask for the Trust’s legal name, principal place of business address, and Taxpayer Identification or other identification number, and may ask for other identifying information.

  • Union Notification The Union shall be notified of all appointments, hirings, layoffs, transfers, recalls and terminations of employment.

  • Employee Notification A copy of any disciplinary action or material related to employee performance which is placed in the personnel file shall be provided to the employee (the employee so noting receipt, or the supervisor noting employee refusal to acknowledge receipt) or sent by certified mail (return receipt requested) to the employee's last address appearing on the Employer's records.

  • Written Notification Failing settlement at this level, the Union shall in writing notify the Employer of the alleged discrepancy and the names of the employees involved, and the period of time that such discrepancy is claimed to cover. Upon receipt of such written notice, the Employer agrees to promptly furnish the representative of the Union wage data pertaining to the alleged wage discrepancy.

  • Obligor Notification Forms The Borrower shall furnish the Collateral Agent and the Administrative Agent with an appropriate power of attorney to send (at the Administrative Agent’s discretion on the Collateral Agent’s behalf, after the occurrence and during the continuance of an Event of Default or the Facility Maturity Date) Obligor notification forms to give notice to the Obligors of the Collateral Agent’s interest in the Collateral Portfolio and the obligation to make payments as directed by the Administrative Agent on the Collateral Agent’s behalf.

  • Antitrust Notification If the Holder determines, in its sole judgment upon the advice of counsel, that the issuance of any Warrant Shares pursuant to the terms hereof would be subject to the provisions of the Hxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as amended (the “HSR Act”), the Company shall file as soon as practicable after the date on which the Company receives notice from the Holder of the applicability of the HSR Act and a request to so file with the United States Federal Trade Commission and the United States Department of Justice the notification and report form required to be filed by it pursuant to the HSR Act in connection with such issuance.

  • Drug-Free Workplace Certification As required by Executive Order No. 90-5 dated April 12, 1990, issued by the Governor of Indiana, the Company hereby covenants and agrees to make a good faith effort to provide and maintain a drug-free workplace at the Project Location. The Company will give written notice to the IEDC within ten (10) days after receiving actual notice that the Company, or an employee of the Company in the State of Indiana, has been convicted of a criminal drug violation occurring in the workplace. False certification or violation of this certification may result in sanctions including, but not limited to, suspension of payments under the Agreement, termination of the Agreement and/or debarment of contracting opportunities with the State for up to three (3) years. In addition to the provisions of the above paragraph, if the total amount set forth in the Agreement is in excess of $25,000.00, the Company agrees that it will provide a drug-free workplace by: A. Publishing and providing to all of its employees a statement notifying them that the unlawful manufacture, distribution, dispensing, possession or use of a controlled substance is prohibited in the Company’s workplace, and specifying the actions that will be taken against employees for violations of such prohibition;

  • Required Notifications Each Grantor shall promptly notify the Administrative Agent, in writing, of: (i) any Lien (other than Permitted Liens) on any of the Collateral which would adversely affect the ability of the Administrative Agent to exercise any of its remedies hereunder and (ii) the occurrence of any other event which could reasonably be expected to have a material impairment on the aggregate value of the Collateral or on the security interests created hereby.

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