Trading Authority Clause Samples

Trading Authority. ▇▇▇▇▇▇▇▇ 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, ▇▇▇▇▇▇▇▇ Advisors will contact Client for approval. However, Client grants ▇▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇▇ Advisors’ authority under this Agreement.

Trading Authority. ▇. ▇▇▇▇▇▇▇▇ 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 Adviser acknowledges and agrees that subject to applicable investment guidelines, the Subadviser has been given full discretion over the trading of swap and security-based swap transactions for the Account Holder. Such discretion includes, among other things, the authority to open trading accounts with swap dealers and security-based swap dealers and provide directly or through service providers relevant “know your customer” and any other information to such swap dealer or security-based swap dealer, and to receive on the Account Holder’s behalf the disclosures and other information a swap dealer or security-based swap dealer is required to provide to its counterparties under CFTC, SEC or other rules governing swap or security-based 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.

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. 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. 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. ▇▇▇▇▇▇▇▇ 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, ▇▇▇▇▇▇▇▇ Advisors will contact Client for approval. However, Client grants ▇▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇▇ Advisors’ authority under this Agreement.

Trading Authority. The Client does hereby make, constitute and appoint Adviser as its attorney-in- fact to buy and sell Securities in accordance with this Agreement. The Client authorizes Adviser to execute orders on behalf of Client’s Account on a give-up basis and issues Adviser the authority to designate the broker(s) who will act as executing broker(s) (the “Executing Broker”) for trades entered on behalf of Client’s Account. The Executing Broker will “give up” the orders to the clearing broker for the Account (the “Clearing Broker”) for and at the risk of Client’s Account. Client authorizes Adviser to enter into all arrangements on behalf of Client that are necessary and appropriate (in Adviser’s sole discretion) to set up and maintain give-up arrangements on Client’s behalf.