Common use of Professional Clients Clause in Contracts

Professional Clients. a category that includes all of the entities that fall within the ‘Eligible Counterparty’ category referred to above (such as investment firms, credit institutions, insurance companies, undertakings for the collective investment of transferable securities (UCITS), pension funds and national governments), plus a handful of others, such as ‘institutional investors whose main activity is to invest in financial instruments’ and exceptionally some individuals who may be treated as professionals on request; Professional Clients are deemed to have more investment knowledge and experience and are provided with less protection under XxXXX XX, since they are assumed to have sufficient knowledge of the markets and financial instruments to be able to take their own investment decisions and to understand and take on the concomitant risks;

Professional Clients. a category that includes all of the entities that fall within the ‘Eligible Counterparty’ category referred to above (such as investment firms, credit institutions, insurance companies, undertakings for the collective investment of transferable securities (UCITS), pension funds and national governments), plus a handful of others, such as ‘institutional investors whose main activity is to invest in financial instruments’ and exceptionally some individuals who may be treated as professionals on request; Professional Clients are deemed to have more investment knowledge and experience and are provided with providedwith less protection under XxXXX XX, since they are assumed to have sufficient knowledge of the ofthe markets and financial instruments to be able to take their own investment decisions and to understand tounderstand and take on the concomitant risks;

Professional Clients. a category that includes all of the entities that fall within the ‘Eligible Counterparty’ category referred to above (such as investment firms, credit institutions, insurance companies, undertakings for the collective investment of transferable securities (UCITS), pension funds and national governments), plus a handful of others, such as ‘institutional investors whose main activity is to invest in financial instruments’ and exceptionally some individuals who may be treated as professionals on request; Professional Clients are deemed to have more investment knowledge and experience and are provided with less protection under XxXXX XXMiFID, since they are assumed to have sufficient knowledge of the markets and financial instruments to be able to take their own investment decisions and to understand and take on the concomitant risks;; and