Common use of Rebates Clause in Contracts

Rebates. To the fullest extent permitted by laws, CAL shall, at its absolute discretion, be entitled to solicit, accept and retain from any broker or other person any benefit in connection with any Transaction effected with any person for the Client, including (1) any commission, rebates or similar payments and (2) any goods or services, but CAL shall in connection with such benefits comply with the SFC’s rules as to the need for demonstrable benefit to CAL’s clients, Transaction, execution standards, brokerage rates and disclosure to CAL’s clients. CAL shall also, in its absolute discretion, be entitled to offer any benefit in connection with any Transaction effected with any person for the Client, including any commissions, rebates or similar payments and any goods or services. CAL will ensure that it shall exercise its rights under this Clause 12 in accordance with applicable laws and regulations.

Rebates. To the fullest extent permitted by laws, CAL shall, at its absolute discretion, be entitled to solicit, accept and retain from any broker or other person any benefit in connection with any Transaction effected with any person for the Client, including (1) any commission, rebates or similar payments and (2) any goods or services, but CAL shall in connection with such benefits comply with the SFC’s rules as to the need for demonstrable benefit to CAL’s clients, Transaction, execution standards, brokerage rates and disclosure to CAL’s clients. CAL shall also, in its absolute discretion, be entitled to offer any benefit in connection with any Transaction effected with any person for the Client, including any commissions, rebates or similar payments and any goods or services. CAL will ensure that it shall exercise its rights under this Clause 12 in accordance with applicable laws and regulations.