Underlying Principal definition

Underlying Principal shall have the meaning given in Article 5.1 and “Underlying Principal Account” shall have the meaning given in Article 5.2;

Underlying Principal means any underlying principal agreed to in writing by us from time to time on whose behalf you act (as agent or otherwise) and enter into Transactions with or through us or our Affiliates; and where such underlying principal does not constitute a single legal person, means the trustees, individuals or other persons who are the primary representatives of the organisation, trust or fund on whose behalf they are dealing; and

Underlying Principal means any underlying principal agreed to in writing by us from time to time on wh o s e b e h a l f y o u a c t ( a s a g e n t o r o t h e r wi s e ) a n d enter into Transactions with or through us or our Affiliates; and where such underlying principal does not constitute a single legal person, means the trustees, individuals or other persons who are the primary representatives of the organisation, trust or fund on whose behalf they are dealing; and

Examples of Underlying Principal in a sentence

• A person who is not a party to the Terms has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any of the Terms, except that our Affiliates and any Underlying Principal shall be entitled to invoke any of the provisions of the Terms.

• An Underlying Principal may notify us in writing that your agency has been terminated and another agent appointed in its place but until we have accepted such agent as our customer we shall not be obliged to accept any Instructions from it.

• We will assume that you are acting as principal unless you specifically notify us that you are acting as an agent for an Underlying Principal or in another capacity.

• Where you are an agent for an Underlying Principal, then you or the Underlying Principal may give notice of termination in relation to that Underlying Principal without affecting the validity of the Terms in relation to other Underlying Principals.

• Where you have notified us that you are acting on behalf of an Underlying Principal, we may at any time request you to inform us of the identity, address and any other details which we require in respect of such Underlying Principal.

More Definitions of Underlying Principal

Underlying Principal means, in relation to a business relationship or occasional transaction, any person who is not a beneficial owner but who-

Underlying Principal means any person on whose behalf you are acting as agent (Stellvertreter).

Underlying Principal of a customer means -

Underlying Principal means any underlying principal agreed to in writing by us from time to time on wh o s e b e ha l f yo u a c t ( a s a ge nt o r o t he r wi s e ) a nd enter into Transactions with or through us orour Affiliates; and where such underlying principal does not constitute a single legal person, means the trustees, individuals or other persons who are the primary representatives of the organisation, trust or fund on whose behalf they are dealing; and

Underlying Principal means any person financially or beneficially interested in your account or payments made to your account

Underlying Principal means any person financially or beneficially interested in the account maintained with CSIGM and/or its Affiliates or payments made to that account.

Underlying Principal means any person on whose behalf you are acting in any capacity, including as Investment Manager, agent or trustee and whether disclosed to BNYM or not, including without limitation a natural person, corporate entity, person acting in the capacity as trustee, sub-fund or protected cell or analogous segregated component, partnership or unincorporated association;