Detecting Violations Clause Samples
The "Detecting Violations" clause establishes the procedures and responsibilities for identifying breaches of the agreement or non-compliance with its terms. Typically, this clause outlines how parties should monitor compliance, what constitutes a reportable violation, and the steps to be taken when a potential breach is detected, such as internal audits or third-party reporting mechanisms. Its core practical function is to ensure that violations are promptly recognized and addressed, thereby maintaining the integrity of the agreement and providing a clear process for managing non-compliance.
Detecting Violations. Dealer agrees to make reasonable efforts to assist the Fund and its service providers (including Distributor) in preventing and detecting market timing and excessive short-term trading with respect to the Shares.
Detecting Violations. Intermediary agrees to make reasonable efforts to assist each Company and its service providers (including Distributor) in preventing and detecting excessive, short-term trading of Shares and other abusive practices, including “market timing.”
Detecting Violations. Servicer agrees to make reasonable efforts to assist each Company and its service providers (including Distributor and Administrator) in preventing and detecting excessive, short-term trading of Shares and other abusive practices, including “market timing.”
Detecting Violations. Bank agrees to make reasonable efforts to assist each Company and its service providers (including Distributor and Administrator) in preventing and detecting excessive, short-term trading of Shares and other abusive practices, including “market timing.”
Detecting Violations. Intermediary agrees to make reasonable efforts to assist the Fund and its service providers (including its distributor and administrator) in preventing and detecting excessive, short-term trading of Shares and other abusive practices, including “market timing.”