Common use of Prime Brokerage Terms Clause in Contracts

Prime Brokerage Terms. The Prime Brokerage Terms (the “PB Terms”) are entered into between Customer and BNP Paribas Prime Brokerage, Inc. (“BNPP PB, Inc.”), on behalf of itself and as agent for the BNPP Entities. The PB Terms are incorporated as an exhibit to the U.S. PB Agreement (the “Agreement”) and set forth certain additional terms and conditions on which BNPP PB, Inc. will open and maintain Accounts (as defined in the Account Agreement) for margin, execution, settlement and other products or services for prime brokerage pursuant to the Account Agreement between BNPP PB, Inc. and Customer (the “Account Agreement”). In the event of any inconsistency between any term of the PB Terms and the Account Agreement, the PB Terms shall control. All capitalized terms used but not defined herein shall have the meaning set forth in the Agreement. For the avoidance of doubt, “Applicable Law” shall include the SEC Letter.

Appears in 2 contracts

Samples: u.s. Pb Agreement (FS Energy Total Return Fund), u.s. Pb Agreement (FS Credit Income Fund)

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Prime Brokerage Terms. The Prime Brokerage Terms (the “PB Terms”) are entered into between Customer and BNP Paribas Prime Brokerage, Inc. (“BNPP PB, Inc.”), on behalf of itself and as agent for the BNPP Entities. The PB Terms are incorporated as an exhibit to the U.S. PB Agreement (the “Agreement”) and set forth certain additional terms and conditions on which BNPP PB, Inc. PB will open and maintain Accounts (as defined in the Account Agreement) for margin, execution, settlement and other products or services for prime brokerage pursuant to the Account Agreement between BNPP PB, Inc. PB and Customer (the “Account Agreement”). In the event of any inconsistency between any term of the PB Terms and the Account Agreement, the PB Terms shall control. All capitalized terms used but not defined herein shall have the meaning set forth in the Agreement. For the avoidance of doubt, “Applicable Law” shall include the SEC Letter.

Appears in 2 contracts

Samples: u.s. Pb Agreement (FS Global Credit Opportunities Fund), u.s. Pb Agreement (FS Energy & Power Fund)

Prime Brokerage Terms. The Prime Brokerage Terms (the "PB Terms") are entered into between Customer and BNP Paribas Prime Brokerage, Inc. Securities Corp. ("BNPP PB, Inc.”"), on behalf of itself and as agent for the BNPP Entities. The PB Terms are incorporated as an exhibit to the U.S. PB Agreement (the "Agreement") and set forth certain additional terms and conditions on which BNPP PB, Inc. PB will open and maintain Accounts (as defined in the Account Agreement) for margin, execution, settlement and other products or services for prime brokerage pursuant to the Account Agreement between BNPP PB, Inc. PB and Customer (the "Account Agreement"). In the event of any inconsistency between any term of the PB Terms and the Account Agreement, the PB Terms shall control. All capitalized terms used but not defined herein shall have the meaning set forth in the Agreement. For the avoidance of doubt, "Applicable Law" shall include the SEC Letter.

Appears in 1 contract

Samples: u.s. Pb Agreement (Guggenheim Credit Allocation Fund)

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Prime Brokerage Terms. The Prime Brokerage Terms (the “PB Terms”) are entered into between Customer and BNP Paribas Prime Brokerage, Inc. Securities Corp. (“BNPP PB, Inc.”), on behalf of itself and as agent for the BNPP Entities. The PB Terms are incorporated as an exhibit to the U.S. PB Agreement (the “Agreement”) and set forth certain additional terms and conditions on which BNPP PB, Inc. PB will open and maintain Accounts (as defined in the Account Agreement) for margin, execution, settlement and other products or services for prime brokerage pursuant to the Account Agreement between BNPP PB, Inc. PB and Customer (the “Account Agreement”). In the event of any inconsistency between any term of the PB Terms and the Account Agreement, the PB Terms shall control. All capitalized terms used but not defined herein shall have the meaning set forth in the Agreement. For the avoidance of doubt, “Applicable Law” shall include the SEC Letter.

Appears in 1 contract

Samples: u.s. Pb Agreement (Fiduciary/Claymore Energy Infrastructure Fund)

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