Floor Brokerage Clause Samples

Floor Brokerage. Notwithstanding Section 4(a) of this Agreement, the Trading Advisor may place orders for commodity interest transactions for the Company through floor brokers selected by the Trading Advisor. Such floor brokers shall “give up” all trades on behalf the Company to the Clearing Broker for clearance. The brokerage and floor commissions, “give-up” fees and other transaction costs charged by any floor broker to effect Company transactions shall be competitive with the Clearing Broker’s standard rates.

Floor Brokerage. Notwithstanding Section 6(a) of this ---------------- Agreement, the Trading Adviser may place orders for commodity interest transactions for the Account through floor brokers selected by the Trading Advisor, and approved by MLIP, such approval not to be unreasonably withheld. Such floor brokers shall "give up" all Account trades to ▇▇▇▇▇▇▇ ▇▇▇▇▇ Futures for clearance. The brokerage and floor commissions, "give-up" fees and other transaction costs charged by any floor broker, other ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ Futures, to effect Account transactions shall be subject to the approval of MLIP, which shall pay such costs, such approval not to be unreasonably withheld provided that such fees and transaction costs are competitive with MLF's standard rates. The Trading Advisor shall be responsible for correcting all trading errors or omissions relating to transactions executed in respect of the Account by any broker. The Trading Advisor shall use its own systems to monitor trading activity in the Account for errors or omissions until the Fund provides the necessary information to the Trading Advisor upon which time, the Trading Advisor will use the Fund's information for this purpose.