Proprietary Trading Clause Samples

Proprietary Trading. The Company acknowledges and agrees that Agent or Forward Seller, as applicable, has informed the Company that Agent or Forward Seller, as applicable, may, to the extent permitted under the Securities Act and the Exchange Act, purchase and sell shares of Common Stock for its own account while this Agreement is in effect, and shall be under no obligation to purchase Shares on a principal basis pursuant to this Agreement, except as otherwise agreed by Agent or Forward Seller, as applicable, in the Placement Notice (as amended by the corresponding Acceptance, if applicable); provided, that no such purchase or sales shall take place while a Placement Notice is in effect (except (i) as agreed by Agent or Forward Seller, as applicable, in the Placement Notice (as amended by the corresponding Acceptance, if applicable) or (ii) to the extent Agent or Forward Seller, as applicable, may engage in sales of Shares purchased or deemed purchased from the Company as a “riskless principal” or in a similar capacity).

Proprietary Trading. For forward financial instruments (currency or interest rate options and swaps, securities lending, etc.) and repurchase agreements or any other transactions for which BRED provides proprietary trading services, it is understood that such transactions shall be concluded over the counter between the Parties concerned in accordance with the regulations applicable to each transaction.

Proprietary Trading. The Company consents to Agent or Forward Seller, as applicable, trading in the Company’s Common Stock for its own account and for the account of its clients at the same time as sales of Shares occur pursuant to this Agreement.

Proprietary Trading. Plural Markets ensures the functional, IT and physical separation between the activities of intermediation in financial instruments on behalf of Clients and proprietary trading. Plural Markets' proprietary orders will be decided by an area that is distinct and independent from the areas that receive, transmit and execute Clients' orders, with separate operating procedures, information systems and employees. Clients' orders will have priority over Plural Markets' proprietary orders. Plural Markets is required to refrain from: • Acquire for proprietary position any financial instruments when there are Clients who have requested them at the same or higher price; • Sell its own financial instruments instead of financial instruments that Clients have ordered to sell at the same or lower price. Plural Markets may be the Client's counterpart, provided that the Client, in writing, has authorized or confirmed the business. The aforementioned authorization or confirmation is not required when the other party is a Professional client or the transactions are to be executed on a regulated market, through centralized trading facilities.

Proprietary Trading. 9.1. SRDFS or its Affiliates may from time to time engage in Proprietary Activities in circumstances where SRDFS or its Affiliates has a direct or indirect interest or a relationship of any description with a third party that may involve or result in a Conflict of Interest with the Client. Neither SRDFS nor its Affiliates shall be liable to account to the Client for any profit, commission or other benefits made or received by it or for any loss, damage or expenses incurred by the Client arising out of or in connection with such Proprietary Activities. 9.2. Where SRDFS and/or its Affiliates acts as principal in any Transaction (apart from a Transaction of sale or purchase of an odd lot of securities), SRDFS will inform the Client that it acts as principal in the Transaction before the Transaction is effected. 9.3. Except as expressly stated in this clause 9, neither SRDFS nor its Affiliates is obliged to disclose any information connected with or relating to a Conflict of Interest to the Client at any time.

Proprietary Trading. Engage in any trading activity for its own account (it being agreed that matched principal transactions will not be considered trading for its own account) other than (a) any activity entered into in the ordinary course of business for the purposes of managing its cash and (b) any trading of securities for its own account; provided that after giving effect to any such purchase of securities the aggregate amount of the initial purchase price of all such securities held by GFI and its Subsidiaries shall not exceed five percent (5%) of Consolidated Capital at the time of such purchase.

Proprietary Trading. 8.1 CGS-CIMB or its Affiliates may from time to time deal in Securities with or for Client in circumstances where CGS-CIMB or its Affiliates has a direct or indirect interest or a relationship of any description with a third party that may involve or result in a Conflict of Interest with Client. 8.2 Neither CGS-CIMB nor its Affiliates shall be liable to account to Client for any profit, commission or other benefits made or received by it or for any loss, damage or expenses incurred by Client in relation to such circumstances. 8.3 Except as expressly stated in this clause 8, neither CGS-CIMB nor its Affiliates is obliged to disclose any information connected with or relating to a Conflict of Interest to Client at any time.

Proprietary Trading. 自營交易: a. Subject to all relevant Rules, laws and regulations, Client authorizes ADSS HK to execute proprietary trades of itself and its affiliates, though ADSS HK may simultaneously hold unexecuted Client orders for the same products at the same price. 受到所有有關規則、法律和規例的約束，客戶授權 ADSS 香港為其自身及其聯營公司執行自營交易，儘管 ADSS 香港可能同時持有價格相同且針對同款產品的尚未執行的客戶交易指令。 b. ADSS HK, its affiliates, and their respective directors and/or employees may trade on their own Account and, subject to the provisions of the Ordinance and all other relevant Rules, laws and regulations, ADSS HK and its affiliates may take the opposite position to the Client's order in relation to any securities, futures and options positions, whether on ADSS HK's or its affiliate's own account or for the account of another client of ADSS HK, provided that such trade is executed competitively on or through the facilities of SEHK and HKFE or in accordance with the Rules or the facilities of any other securities, commodity, futures or options exchange, market or regulator. In addition, ADSS HK or its affiliates, or other clients, may take the opposite position to Client's order for foreign exchange and other over-the-counter products.

Proprietary Trading. Service Provider will provide liquidity in the $NDX in a proprietary capacity to relevant counterparties on the Applicable Exchanges in its sole discretion. For the avoidance of doubt, any dealing activities of Service Provider are not included in the scope of the services detailed in this Section 1.