Common use of Limitations on Remuneration Clause in Contracts

Limitations on Remuneration. In respect of its duties under this Agreement, in no event may Intermediary Selling Agent be entitled to receive any more than one of the foregoing two methods of remuneration (Initial Commission and Subsequent Commission) for the same month(s) or any other given time period. The Intermediary Selling Agent shall not be entitled to receive any remuneration in respect of any Unit for periods of time subsequent to the redemption of such Unit. Additionally, payment of remuneration is subject to the rules promulgated by the NASD, including Conduct Rule 2810, and other governing regulatory bodies. In the event that the NASD, or any other governing regulatory body, imposes any restriction on any remuneration hereunder, then SAM’s obligation to pay such remuneration shall be limited to the extent of any such restriction. Regardless of whether the Intermediary Selling Agent is registered with the CFTC as a futures commission merchant or introducing broker and is a member in good standing of the NFA in such capacity, in no event shall the Intermediary Selling Agent be entitled to receive any remuneration under this Agreement unless the Intermediary Selling Agent is registered as a broker-dealer and is a member in good standing with the NASD.

Appears in 1 contract

Samples: Intermediary Selling Agent Agreement (Quadriga Superfund)

AutoNDA by SimpleDocs

Limitations on Remuneration. In respect of its duties under this Agreement, in no event may Intermediary an Additional Selling Agent be entitled to receive any more than one of the foregoing two methods of remuneration (Initial Commission and Subsequent Commission) for the same month(s) or any other given time period. The Intermediary Additional Selling Agent shall not be entitled to receive any remuneration in respect of any Unit for periods of time subsequent to the redemption of such Unit. Additionally, payment of remuneration is subject to the rules promulgated by the NASDFINRA, including Conduct Rule 28102310, and other governing regulatory bodies. In the event that the NASDFINRA, or any other governing regulatory body, imposes any restriction on any remuneration hereunder, then SAMSUSA’s obligation to pay such remuneration shall be limited to the extent of any such restriction. Regardless of whether the Intermediary Additional Selling Agent is registered with the CFTC as a futures commission merchant or introducing broker and is a member in good standing of the NFA in such capacity, in no event shall the Intermediary Additional Selling Agent be entitled to receive any remuneration under this Agreement unless the Intermediary Additional Selling Agent is registered as a broker-dealer and is a member in good standing with the NASD.FINRA. Exhibit 1.02

Appears in 1 contract

Samples: Additional Selling Agent Agreement (Quadriga Superfund)

Limitations on Remuneration. In respect of its duties under this Agreement, in no event may Intermediary an Additional Selling Agent be entitled to receive any more than one of the foregoing two methods of remuneration (Initial Commission and Subsequent Commission) for the same month(s) or any other given time period. The Intermediary Additional Selling Agent shall not be entitled to receive any remuneration in respect of any Unit for periods of time subsequent to the redemption of such Unit. Additionally, payment of remuneration is subject to the rules promulgated by the NASDFINRA, including Conduct Rule 28102310, and other governing regulatory bodies. In the event that the NASDFINRA, or any other governing regulatory body, imposes any restriction on any remuneration hereunder, then SAMSUSA’s obligation to pay such remuneration shall be limited to the extent of any such restriction. Regardless of whether the Intermediary Additional Selling Agent is registered with the CFTC as a futures commission merchant or introducing broker and is a member in good standing of the NFA in such capacity, in no event shall the Intermediary Additional Selling Agent be entitled to receive any remuneration under this Agreement unless the Intermediary Additional Selling Agent is registered as a broker-dealer and is a member in good standing with the NASDFINRA.

Appears in 1 contract

Samples: Selling Agent Agreement (Superfund Green, L.P.)

AutoNDA by SimpleDocs

Limitations on Remuneration. In respect of its duties under this Agreement, in no event may Intermediary Selling Agent be entitled to receive any more than one of the foregoing two methods of remuneration (Initial Commission and Subsequent Commission) for the same month(s) or any other given time period. The Intermediary Selling Agent shall not be entitled to receive any remuneration in respect of any Unit for periods of time subsequent to the redemption of such Unit. Additionally, payment of remuneration is subject to the rules promulgated by the NASDFINRA, including Conduct Rule 28102310, and other governing regulatory bodies. In the event that the NASDFINRA, or any other governing regulatory body, imposes any restriction on any remuneration hereunder, then SAMSUSA’s obligation to pay such remuneration shall be limited to the extent of any such restriction. Regardless of whether the Intermediary Selling Agent is registered with the CFTC as a futures commission merchant or introducing broker and is a member in good standing of the NFA in such capacity, in no event shall the Intermediary Selling Agent be entitled to receive any remuneration under this Agreement unless the Intermediary Selling Agent is registered as a broker-dealer and is a member in good standing with the NASDFINRA.

Appears in 1 contract

Samples: Intermediary Selling Agent Agreement (Quadriga Superfund)

Time is Money Join Law Insider Premium to draft better contracts faster.