Common use of Executing Broker Clause in Contracts

Executing Broker. Execution Venue Fee Financial Instrument Fractional Shares An Executing Broker as mentioned in the BUX Order Execution Policy. An Execution Venue in the meaning of ▇▇▇▇▇ ▇▇. The fees as published on the Website. A financial instrument within the meaning of ▇▇▇▇▇ ▇▇, such as [shares], exchange traded funds (ETFs) or exchange traded commodities (ETCs ), offered through any BUX mobile application. Fractional shares are pieces, or fractions, of whole shares of a company or ETF as further specified in the Product Information Sheets. Insolvency Event a) if a resolution is passed for Your winding up, dissolution or administration or an order is made against You, the appointment of a receiver, administrator, manager, administrative receiver or similar officer over, or if any encumbrancer takes possession of or sells, all or any part of Your business or assets, the making of an arrangement or composition with Your creditors generally or the making of an application to court for protection of Your creditors generally. If You are part of a partnership, the occurrence of any of the foregoing events in relation to any partner in that partnership shall be deemed an Insolvency Event” in relation to You; or b) if You become insolvent or are otherwise unable to pay Your debts as they fall due, or any act of insolvency or analogous event (to those set out in paragraph (a) above) occurs in respect of You.