Proprietary Trading. The Company acknowledges and agrees that the Underwriters or certain of their respective affiliates may subscribe the Securities and be allocated the Securities for asset management and/or proprietary purposes and not with a view to distribution. Any certificate signed by any officer of the Company and delivered to the Representatives or counsel for the Underwriters in connection with an offering of Securities shall be deemed a representation and warranty by the Company to each Underwriter as to the matters covered thereby on the date of such certificate.
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. 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. 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. 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. PCJ Holdings (P) Ltd. discloses herewith that it undertakes proprietary trading in addition to Client based trading.
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. 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. 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.
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 (consisting primarily of intra-day and hedging positions); provided that after giving effect to any such purchase of securities the aggregate xxxx-to-market value (computed on a net basis) of all such securities held by GFI and its Subsidiaries shall not exceed seven and one half percent (7.5%) of Consolidated Capital.
