Qualified Client definition
Examples of Qualified Client in a sentence
Any provision of Pre-Qualification Services by Broker to a Qualified Client shall be subject to the terms and conditions of the Agreement for Service between Broker and Qualified Client that governs the provision of Equifax Credit Information (the “Agreement”) and the additional pre-qualification terms and conditions set forth below (the “Pre-Qualification Terms and Conditions”).
The undersigned hereby certifies that the undersigned is a qualified client (“Qualified Client”) within the meaning of Rule 205-3 under the Investment Advisers Act of 1940 at the time of the undersigned s investment in the Fund because the undersigned satisfies one or more of the following categories of Qualified Client.
Prior to Broker offering any Pre-Qualification Services to a Qualified Client, the Pre-Qualification Terms and Conditions shall be incorporated into the Agreement (whether by addendum or other appropriate method) and shall be binding on the parties.
Notwithstanding the foregoing, MOTIVA shall have the right to remove any person or entity as a Qualified Client at any time, such that such person or entity shall immediately cease to be a Qualified Client hereunder upon written notice of such election, based upon MOTIVA’s determination that Agent has not satisfactorily performed its obligations under Article 3 with respect to such person or entity.
Agent’s claim for Commission on Accepted Orders shall also lapse if and to the extent that MOTIVA accepts the return of Products from a Qualified Client and pays a refund in respect thereof.