Principal Transaction Sample Clauses
A Principal Transaction clause defines the terms under which a party acts as a principal, rather than as an agent, in a financial or commercial transaction. This means the party is buying or selling assets for its own account, assuming the associated risks and benefits, rather than facilitating the transaction on behalf of a client. For example, in securities trading, a broker-dealer may execute trades as a principal, taking ownership of the securities before selling them to a client. The core function of this clause is to clarify the roles and responsibilities of the parties involved, ensuring transparency and proper allocation of risk in the transaction.
Principal Transaction. Except to the extent prohibited by applicable law, the Trustees may, on behalf of the Trust, buy any securities from or sell any securities to, or lend any assets of the Trust to, any Trustee or officer of the Trust or any firm of which any such Trustee or officer is a member acting as principal, or have any such dealings with any investment adviser, administrator, distributor or transfer agent for the Trust, with any Interested Person of such person or with any person of which such person is an Interested Person; and the Trust may employ any such person, or firm or company in which such person is an Interested Person, as broker, legal counsel, registrar, investment adviser, administrator, distributor, transfer agent, dividend disbursing agent, custodian or in any other capacity.
Principal Transaction. Except to the extent prohibited by applicable law, the Trustees may, on behalf of the Trust, buy any securities from or sell any securities to, or lend any assets of the Trust to, any Trustee or officer of the Trust or any firm of which any such Trustee or officer is a member acting as 1001299/4 18 principal, or have any such dealings with any investment adviser, administrator, distributor or transfer agent for the Trust, with any Interested Person of such person or with any person of which such person is an Interested Person; and the Trust may employ any such person, or firm or company in which such person is an Interested Person, as broker, legal counsel, registrar, investment adviser, administrator, distributor, transfer agent, dividend disbursing agent, custodian or in any other capacity.
Principal Transaction. At the Closing, immediately after the consummation of the Specified Hotel Transaction, each of the Sellers listed in Schedule A shall sell, assign and convey to Purchaser, and Purchaser shall purchase and acquire from each such Seller, subject to the terms and conditions of this Agreement and the Operating Agreement of such Transferred Entity, all of its right, title and interest in and to such Seller's Percentage Interest in the Transferred Entity listed opposite such Seller's name on Schedule B-2, in each case, free and clear of all liens, encumbrances, claims, or other rights other than those arising under the Operating Agreement of such Transferred Entity (the "Principal Transaction"); and
Principal Transaction