Communications with Executing Brokers Sample Clauses
The "Communications with Executing Brokers" clause establishes the rules and procedures for how parties to an agreement interact with brokers responsible for carrying out trades or transactions. Typically, this clause outlines the authorized methods of communication, such as email or secure messaging platforms, and may specify which representatives are permitted to give instructions or receive confirmations. Its core practical function is to ensure that all communications related to trade execution are clear, authorized, and properly documented, thereby reducing the risk of errors or disputes arising from miscommunication.
Communications with Executing Brokers. Client understands and agrees that GS&Co. may be required by the No-Action Letter, applicable law or by the Contractual Arrangements, or that GS&Co. may otherwise deem it necessary or appropriate, to communicate information concerning Client and the Account to Executing Brokers. Such information may include: (i) whether the net equity in the Account falls below certain minimums set forth in the No-Action Letter; (ii) information regarding the allocation of Prime Brokerage Transactions to sub-accounts, if applicable;
Communications with Executing Brokers. Client understands and agrees that Clearing Firm may be required by the No-Action Letter, applicable law or by the Contractual Arrangements, or that Clearing Firm may otherwise deem it necessary or appropriate, to communicate information concerning Client and the Account to Executing Brokers. Such information may include: (i) whether the net equity in the Account falls below certain minimums set forth in the No-Action Letter; (ii) information regarding the allocation of Prime Brokerage Transactions to sub-accounts, if applicable; (iii) other matters requested by Executing Brokers, after consultation with Client; and (iv) such other information as Clearing Firm may deem necessary or appropriate for Clearing Firm’s own protection.
Communications with Executing Brokers. Client understands and agrees that may be required by the No-Action Letter, applicable law or by the Contractual Arrangements, or that may otherwise deem it necessary or appropriate, to communicate information concerning Client and the Account to Executing Brokers. Such information may include: (i) whether the net equity in the Account falls below certain minimums set forth in the No-Action Letter; (ii) information regarding the allocation of Prime Brokerage Transactions to sub-accounts, if applicable; (iii) other matters requested by Executing Brokers, after consultation with Client; and (iv) such other information as may deem necessary or appropriate for own protection. Client hereby consents to, and agrees to hold harmless with respect to, the release to Executing Brokers of any and all information regarding Client and the Account in accordance with the foregoing.
Communications with Executing Brokers. Client understands and agrees that GS&Co. may be required by the No-Action Letter, applicable