Common use of No Pooling Clause in Contracts

No Pooling. The agreement and all Services provided under it do not constitute a pooled investment or service or other common enterprise or, if they are construed as such, do not need to be registered as a scheme. Client’s investments made under the agreement are for Client alone and, conversely, Client has no interest in any investments made by Global Prime for any other person under similar terms nor in any property held beneficially for any other person, even if their money or Securities is aggregated in the same bank account or custody account.

Appears in 2 contracts

Sources: Account Agreement, Prime Account Agreement

No Pooling. The agreement and all Services provided under it do not constitute a pooled investment or service or other common enterprise or, if they are construed as such, do not need to be registered as a scheme. Client’s investments made under the agreement are for Client alone and, conversely, Client has no interest in any investments made by Global Prime MILLENNIUM ALPHA GLOBAL HOLDING GROUP Ltd for any other person under similar terms nor in any property held beneficially for any other person, even if their money or Securities is aggregated in the same bank account or custody account.

Appears in 1 contract

Sources: Account Agreement