Trading Authority. Subject to applicable investment guidelines, Sub-Adviser has been given full discretion over the trading of swap transactions for the Portfolio or Segment. Such discretion includes, among other things, the authority to open trading accounts with swap dealers and provide relevant “know your customer” and related information to the swap dealer, and to receive on the Portfolio’s behalf the disclosures and other information a swap dealer is required to provide to its counterparties under CFTC and SEC rules governing swap transactions, including the form and method of delivery of such disclosures and information. With respect to any swap executed by the Sub-Adviser on the Portfolio’s behalf, Portfolio will be relying on Sub-Adviser’s advice and not on the recommendations (if any) of a swap dealer.
Trading Authority. Xxxxxxxx Advisors does not have discretionary authority to buy, sell or hold securities, cash or other investments for the Account without first consulting with Client. Prior to implementing any transactions on behalf of Client, Xxxxxxxx Advisors will contact Client for approval. However, Client grants Xxxxxxxx Advisors the authority to instruct the Account custodian, on Client’s behalf, to purchase, sell, redeem or exchange any security, cash or other investments for the Account. Client also authorizes Xxxxxxxx Advisors to instruct the Account custodian, on Client’s behalf, to sell, redeem or exchange any security or other investments in amounts (less than 2% of Account value) necessary for Account maintenance items including, but not limited to, replenishing cash for future fee debits. Client authorizes Xxxxxxxx Advisors to provide a copy of this Agreement to any broker or dealer with or through which transactions for the Account are to be effected as evidence of Xxxxxxxx Advisors’ authority under this Agreement.
Trading Authority x. Xxxxxxxx Investments has discretionary authority to manage accounts on behalf of clients. This means that Sherwood Investments may determine, without obtaining your specific consent, the securities to be bought or sold and the amount of the securities to be bought or sold for all your accounts, except retirement accounts held by your employer. (See Section b, below.) Discretionary trading authority expedites the placing of trades, thus allowing me to better manage your assets and meet your investment objectives.
b. You can have Sherwood Investments monitor your annuities, 401(k) or similar retirement accounts held by your employer. If so, I will have non-discretionary authority of these plans. This means I will advise you of suggested changes and it is up to you to implement the changes. You agree to send SI monthly statements showing account positions and balances for the close of each month. These statements will be sent by you within ten days of the end of each month. If the statements are not made available to Sherwood Investments in the specified time, quarterly management fees for these accounts will be based on a 1% monthly growth. The reason I have non-discretionary authority of these accounts and rely on you to make the suggested changes (if I am asked to monitor these accounts) is because most employers and insurance companies limit access to their retirement systems to their employees or annuitants
Trading Authority. The Investment Adviser is hereby authorized to execute the purchase of Eligible Investments conforming to the Concentration Limits and the other Portfolio Restrictions and any sales of such investments.
Trading Authority. The Investment Adviser is hereby authorized to execute the purchase of Eligible Investments conforming to the Concentration Limits and the other Portfolio Restrictions and any sales of such investments. Sales at a loss must be in accordance with PRC’s OTTI policy.
Trading Authority. Xxxxxxxx Advisors does not have discretionary authority to buy, sell or hold securities, cash or other investments for the Account without first consulting with Client; prior to implementing any transactions on behalf of Client, Xxxxxxxx Advisors will contact Client for approval. However, Client grants Xxxxxxxx Advisors the authority to instruct the Account custodian, on Client’s behalf, to purchase, sell, redeem or exchange any security, cash or other investments for the Account. Client also authorizes Xxxxxxxx Advisors to provide a copy of this Agreement to any broker or dealer with or through which transactions for the Account are to be effected as evidence of Xxxxxxxx Advisors’ authority under this Agreement.
Trading Authority. In the sole and absolute discretion of the department of Zions originating the Loan (the "Lending Department"), Principal may sell the Investment Property and buy Investment Property with the proceeds of any such sales or additional money deposited by Principal into the Collateral Account. Trading activity shall be effected through and by the Lending Department. As set forth in paragraph no. 11 below, Principal's rights to purchase and sell Investment Property held, or to be held, in the Account will immediately terminate upon the occurrence of a default under this Agreement.
Trading Authority. The Bank and Client agree, consent, and understand that the Client has appointed the Trust Department as its agent. In serving in this capacity, the Trust Department will be subject to the terms of the agreement establishing the Account. Subject to Section 5 hereof, if the Client maintains investment discretion over the assets in the Account, Client may provide the Trust Department instructions regarding investment purchases, sales, and exchanges. If the Client does not maintain investment discretion over the assets in the Account, then, subject to Section 5 hereof, the Trust Department shall have full trading authority to purchase, sell, exchange, or transfer assets and to effect substitution of any of the pledged assets held in the Account without the necessity of obtaining the prior written approval of the Bank. If the Bank has given written notice to Trust Department of the occurrence of a Default or an Event of Default (as defined in the Security Agreement) pursuant to Section 5 hereof, the Trust Department shall be entitled to complete any transactions which are pending settlement as of the date the Trust Department actually receives such notice from Bank. The Trust Department may employ and delegate investment decisions to a third party investment advisor, including an affiliate, to assist the Trust Department in providing investment services. In addition to the foregoing, so long as no Default or Event of Default exists, Client may withdraw funds or assets from the Account, subject to the Borrowing Base (as defined in the Security Agreement) limitations and margin call requirements in the Security Agreement.
Trading Authority. Subject to any applicable investment guidelines between the Client and Adviser, Adviser has been given full discretion over the trading for the Client’s account. Such discretion includes, among other things, the authority to open trading accounts with swap dealers (the term “swap dealer” includes FX Forward dealers) and provide relevant “know your customer” and related information to the swap dealer, and to receive on the Client’s behalf the disclosures and other information a swap dealer is required to provide to its counterparties under CFTC and SEC rules governing swap transactions, including the form and method of delivery of such disclosures and information.
Trading Authority. Sub-Adviser is authorized on behalf of the Fund, consistent with the investment discretion delegated to Sub-Adviser herein, and is hereby appointed as the Fund’s agent and attorney in fact with authority to: (i) enter into, subject to the review of legal counsel for the Adviser prior to Sub-Adviser’s execution thereof, agreements and execute any documents on behalf of the Fund (e.g. any futures or derivatives documentation such as exchange traded and over-the-counter transaction documentation, as applicable) required with respect to any investments made for the Fund (such documentation includes but is not limited to any market and/or industry standard documentation and the standard representations contained therein); (ii) acknowledge the receipt of brokers’ risk disclosure statements, electronic trading disclosure statements and similar disclosures; and (iii) open, continue and terminate brokerage accounts and other brokerage arrangements with respect to the portfolio transactions entered into by Sub-Adviser on behalf of the Fund.
