Executing Brokerage Sample Clauses

Executing Brokerage. Notwithstanding Section 4(a) of this Agreement, the Trading Advisor may place orders for commodity interest transactions for the Company through executing brokers selected by the Trading Advisor, and approved by the Manager, such approval not to be unreasonably withheld or delayed. Such executing brokers shall “give up” all trades on behalf of the Company to the Clearing Broker for clearance. The brokerage and execution commissions, “give-up” fees and other transaction costs charged by any executing broker to effect Company transactions shall be subject to the approval of the Manager, such approval not to be unreasonably withheld provided that such fees and transaction costs are competitive with the Clearing Broker’s standard rates. Further notwithstanding Section 4(a) of this Agreement, the Trading Advisor may solicit and execute trades with the principal trading desk of executing brokers, provided that such executing brokers have been approved by the Manager as described in this Section 4(a), the fees and transactions costs associated with such trades are competitive with those obtained in trades done away from such principal trading desk, and such trades do not constitute cross-trades. Any trades executed with the principal desk of executing brokers will be cleared with the Clearing Broker.