Common use of Prime Brokerage Agreements with Executing Brokers Clause in Contracts

Prime Brokerage Agreements with Executing Brokers. In connection therewith, Customer hereby requests that BNPP PB act as its Prime Broker and authorizes BNPP PB (x) to execute an agreement with each Executing Broker with whom Customer engages in prime brokerage transactions (a “Prime Brokerage Agreement”), (y) to provide and obtain any relevant information relating to Customer in order for BNPP PB to establish a prime brokerage relationship on Customer’s behalf with the Executing Brokers, and (z) to perform any necessary or useful act as Prime Broker in accordance with the Account Agreement, the PB Terms or Applicable Law. Customer understands that no order may be legally accepted by BNPP PB as Prime Broker from an Executing Broker with whom BNPP PB has not entered into a Prime Brokerage Agreement.

Appears in 10 contracts

Samples: Account Agreement (FS Global Credit Opportunities Fund), Pb Agreement (Fiduciary/Claymore Energy Infrastructure Fund), Account Agreement (Guggenheim Strategic Opportunities Fund)

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Prime Brokerage Agreements with Executing Brokers. In connection therewith, Customer hereby requests that BNPP PB PB, Inc. act as its Prime Broker and authorizes BNPP PB PB, Inc. (x) to execute an agreement with each Executing Broker with whom Customer engages in prime brokerage transactions (a “Prime Brokerage Agreement”), (y) to provide and obtain any relevant information relating to Customer in order for BNPP PB PB, Inc. to establish a prime brokerage relationship on Customer’s behalf with the Executing Brokers, and (z) to perform any necessary or useful act as Prime Broker in accordance with the Account Agreement, the PB Terms or Applicable Law. Customer understands that no order may be legally accepted by BNPP PB PB, Inc. as Prime Broker from an Executing Broker with whom BNPP PB PB, Inc. has not entered into a Prime Brokerage Agreement.

Appears in 2 contracts

Samples: Account Agreement (FS Energy Total Return Fund), Pb Agreement (FS Credit Income Fund)

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Prime Brokerage Agreements with Executing Brokers. In connection therewith, Customer hereby requests that BNPP PB act as its Prime Broker and authorizes BNPP PB (x) to execute an agreement with each Executing Broker with whom Customer engages in prime brokerage transactions (a "Prime Brokerage Agreement"), (y) to provide and obtain any relevant information relating to Customer in order for BNPP PB to establish a prime brokerage relationship on Customer’s 's behalf with the Executing Brokers, and (z) to perform any necessary or useful act as Prime Broker in accordance with the Account Agreement, the PB Terms or Applicable Law. Customer understands that no order may be legally accepted by BNPP PB as Prime Broker from an Executing Broker with whom BNPP PB has not entered into a Prime Brokerage Agreement.

Appears in 1 contract

Samples: Account Agreement (Guggenheim Credit Allocation Fund)

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