Reliance on BRED Sample Clauses

Reliance on BRED. When providing a price as part of a transaction in a financial instrument between BRED and a Professional Client, the application of the Best Execution principle will depend on whether the Professional Client legitimately relies on BRED to protect its interests regarding pricing and other aspects of the contemplated transaction. To this end, in order to evaluate if a Professional Client is relying on BRED to protect its interests, BRED takes into account the following four considerations, described in and AMF: 1) Which party initiates the transaction – Does BRED approach the Professional Client or is the Professional Client the initiator of the transaction? Where BRED approaches the Professional Client and proposes to enter into a specific transaction, it is more likely that the Professional Client will rely on BRED to protect its interests. On the opposite, where the client initiates the transaction, or agrees on a quote published by BRED for a financial instrument, it is less likely that the client is legitimately placing reliance on BRED. 2) Questions of market practice and the existence of a convention to ‘shop around’ – Where market practice suggests that the Professional Client compares quotes by soliciting various service providers for the same transaction in order to generate competition between them, it is less likely that the Professional Client is legitimately placing reliance on BRED to protect its interests. BRED Banque Populaire, société anonyme coopérative de banque populaire au capital de 839 838 568,09 euros. 00, xxxx xx xx Xxxxx – 00000 Xxxxx Cedex 12 – Tél :33+1 4898 6000 LEI NICH5Q04ADUV9SN3Q390 Identifiant TVA : FR 09 552 091 795 3) The relative levels of transparency within a market – If a Professional Client does not have ready access to prices in a market in which BRED operates, it is more likely that the Professional Client is placing reliance on BRED. On the opposite, if a Professional Client’s access to pricing transparency is broadly equivalent to that of BRED, it is less likely that the Professional Client is placing reliance on BRED to protect its interests.
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Related to Reliance on BRED

  • Reliance on Notices Agent shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Conversion/Continuation or similar notice believed by Agent to be genuine. Agent may assume that each Person executing and delivering any notice in accordance herewith was duly authorized, unless the responsible individual acting thereon for Agent has actual knowledge to the contrary.

  • Reliance on Others The Company confirms that it will rely on its own counsel and accountants for legal and accounting advice.

  • Reliance on Representations Purchaser understands that the Securities are being offered and sold to it in reliance on specific exemptions from the registration requirements of the federal and state securities laws and that the Company is relying in part upon the truth and accuracy of, and such Purchaser’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of such Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of such Purchaser to acquire the Securities. Purchaser represents and warrants to the Company that any information that Purchaser has heretofore furnished or furnishes herewith to the Company is complete and accurate, and further represents and warrants that it will notify and supply corrective information to the Company immediately upon the occurrence of any change therein occurring prior to the Company’s issuance of the Securities. Within five (5) days after receipt of a request from the Company, Purchaser will provide such information and deliver such documents as may reasonably be necessary to comply with any and all laws and regulations to which the Company is subject.

  • Reliance on Advisors The General Partner may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance upon the opinion of such Persons as to matters which the General Partner reasonably believes to be within such Person’s professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

  • Reliance on Reports Except as expressly provided herein, nothing herein shall be construed to impose an obligation on the part of the Global Agent to recalculate, evaluate or verify any report, certificate or information received by it from the Issuer or to otherwise monitor the activities of the Issuer.

  • Reliance on Counsel The Warrant Agent may consult at any time with legal counsel satisfactory to it (who may be counsel for the Company) and the Warrant Agent shall incur no liability or responsibility to the Company or to any Holder in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with the opinion or the advice of such counsel provided that such counsel shall have been selected with due care.

  • No Reliance on Lender The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property.

  • Reliance on Documents etc No Agent shall be liable in respect of anything done or suffered by it in reliance on a Note, Certificate, Coupon, Talon or other document or information from any electronic or other source reasonably believed by it to be genuine and to have been signed or otherwise given or disseminated by the proper parties.

  • Reliance on Information For purposes of its obligations under this Section, the Primary Servicer shall be entitled to rely on the following information to the extent that such information relates to mortgage loans that are not serviced under this Agreement: (i) the final prospectus supplement prepared by the Depositor with respect to the offering of the securities issued by the ABS Issuing Entity and (ii) any reports delivered from time to time by the Master Servicer, the master servicer for the ABS Issuing Entity (if such party is not the Master Servicer), the trustee for the ABS Issuing Entity and/or the paying agent, certificate administrator or other similar party for the ABS Issuing Entity.

  • No Reliance On Representations Each party hereby represents and warrants that it is not relying, and has not relied upon any representation or statement made by the other party with respect to the facts involved or its rights or duties. Each party understands and agrees that the facts relevant, or believed to be relevant to this Contract, may hereunder turn out to be other than, or different from the facts now known to such party as true, or believed by such party to be true. The parties expressly assume the risk of the facts turning out to be different and agree that this Contract shall be effective in all respects and shall not be subject to rescission by reason of any such difference in facts.

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