Common use of Applicable Clause in Contracts

Applicable. LAW All transactions under this Agreement shall be subject to the Commodity Exchange Act and the constitution, rules, regulations, customs, usages, rulings and interpretations of the Commodity Futures Trading Commission ("CFTC"), domestic or foreign exchange markets, and their clearing houses, if any, where the transactions are executed by Merrill Lynch or Merrill Lynch's agents ("Applicable Law"). Merrill ▇▇▇▇▇ ▇s ▇▇▇▇by a▇▇▇▇▇▇▇▇▇, ▇▇ ▇ts discretion, to employ aff▇▇▇▇▇▇▇ ▇▇▇ ▇onaffiliated clearing members, carrying brokers and floor brokers as Merrill Lynch's agents or to engage in pre-execution discussions if ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ electronically, in connection with the execution, carrying, clearance, delivery and settlement of any such transactions as permitted by Applicable Law. Client agrees to provide Merrill Lynch any information necessary for Merrill Lynch to respond ▇▇ ▇▇▇ ▇▇▇▇▇ry from any exchange or other r▇▇▇▇▇▇▇r▇ ▇▇▇ncy pursuant to Applicable Law. Absent a separate written agreement with Client with respect to give-ups, Merrill Lynch, in its discretion, may, but shall not be obligated to, ▇▇▇▇▇t ▇▇▇▇ other brokers selected by Client, Futures Contracts executed by such brokers which are given up to Merrill Lynch for clearing in any Account(s). If Client has executed ▇▇▇▇ ▇t▇▇▇ ▇rokers and Merrill Lynch is required to pay such executing brokers give up fees, ▇▇▇▇▇t ▇▇▇▇es that Merrill Lynch may withhold such fees from Client's account in antici▇▇▇▇▇▇ o▇ ▇▇▇h payment coming due.

Applicable. LAW All transactions under this Agreement shall be subject to the Commodity Exchange Act and the constitution, rules, regulations, customs, usages, rulings and interpretations of the Commodity Futures Trading Commission ("CFTC"), domestic or foreign exchange markets, and their clearing houses, if any, where the transactions are executed by Merrill Lynch or Merrill Lynch's agents ("Applicable Law"). Merrill ▇▇▇▇▇ ▇s ▇▇▇▇by a▇▇▇▇▇▇▇▇▇, ▇▇ ▇ts discretion, to employ aff▇▇▇▇▇▇▇ ▇▇▇ ▇onaffiliated clearing members, carrying brokers and floor brokers as Merrill Lynch's agents or to engage in pre-execution discussions if ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ electronically, in connection with the execution, carrying, clearance, delivery and settlement of any such transactions as permitted by Applicable Law. Client agrees to provide Merrill Lynch any information necessary for Merrill Lynch to respond ▇▇ ▇▇▇ ▇▇▇▇▇ry from any exchange or other r▇▇▇▇▇▇▇r▇ ▇▇▇ncy pursuant to Applicable Law. Absent a separate written agreement with Client with respect to give-ups, Merrill Lynch, in its discretion, may, but shall not be obligated to, ▇▇▇▇▇t ▇▇▇▇ other brokers selected by Client, Futures Contracts executed by such brokers which are given up to Merrill Lynch for clearing in any Account(s)Client's Account. If Client has executed execut▇▇ ▇▇▇▇ ▇t▇▇▇▇ ▇rokers brokers and Merrill Lynch is required to pay such executing brokers give up fees, ▇▇▇▇▇t ▇▇▇▇es that Merrill Lynch may withhold such fees from Client's account Account in antici▇▇▇▇▇▇ o▇ ▇▇▇h payment coming due.

Applicable. LAW All transactions under this Agreement shall be subject to the Commodity Exchange Act and the constitution, rules, regulations, customs, usages, rulings and interpretations of the Commodity Futures Trading Commission ("CFTC"), domestic or foreign exchange markets, and their clearing houses, if any, where the transactions are executed by Merrill Lynch or Merrill Lynch's agents ("Applicable Law"). Merrill ▇▇▇▇▇ ▇s i▇ ▇▇▇eby ▇by a▇▇▇▇▇▇▇▇▇, ▇▇ ▇ts its discretion, to employ affaf▇▇▇▇▇▇▇ ▇d ▇▇▇ ▇onaffiliated nonaffiliated clearing members, carrying brokers and floor brokers as Merrill Lynch's agents or to engage in pre-execution discussions if ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ s electronically, in connection with the execution, carrying, clearance, delivery and settlement of any such transactions as permitted by Applicable Law. Client agrees to provide Merrill Lynch any information necessary for Merrill Lynch to respond respon▇ ▇▇ ▇▇▇ y ▇▇▇▇▇ry iry from any exchange or other r▇▇▇▇▇▇▇ro▇▇ ▇▇▇ncy ency pursuant to Applicable Law. Absent a separate written agreement with Client with respect to give-ups, Merrill Lynch, in its discretion, may, but shall not be obligated tot▇, ▇▇▇▇▇t p▇ ▇▇▇▇ m other brokers selected by Client, Futures Contracts executed by such brokers which are given up to Merrill Lynch for clearing in any Account(s)Client's Account. If Client has executed ▇execu▇▇▇ ▇t▇▇▇ h ▇rokers ▇▇▇r brokers and Merrill Lynch is required to pay such executing brokers give up feesfee▇, ▇▇▇▇▇t n▇ ▇▇▇▇es ees that Merrill Lynch may withhold such fees from Client's account Account in anticiantic▇▇▇▇▇▇▇ o▇▇ ▇▇▇h ch payment coming due.