Common use of Red Flags Services Clause in Contracts

Red Flags Services. The provisions of this Section 4.6 (the “Red Flags Section”) shall apply in connection with the provision of ▇▇▇▇▇▇▇’s “Red Flags Services”, which are hereby defined to mean the following services: 3.6.1. ▇▇▇▇▇▇▇ will maintain written controls reasonably designed to detect the occurrence of Red Flags (as defined below) in connection with (i) account opening and other account activities and transactions conducted directly through Ultimus with respect to Direct Accounts, and (ii) transactions effected directly through Ultimus by Covered Persons in Covered Accounts. Such controls, as they may be revised from time to time hereunder, are referred to herein as the “Controls”. Solely for purposes of the Red Flags Section, the capitalized terms below will have the respective meaning ascribed to each:

Red Flags Services. The provisions of this Section 4.6 (the “Red Flags Section”) shall apply in connection with the provision of ▇▇▇▇▇▇▇Ultimus’s “Red Flags Services”, which are hereby defined to mean the following services: 3.6.14.6.1. ▇▇▇▇▇▇▇ Ultimus will maintain written controls reasonably designed to detect the occurrence of Red Flags (as defined below) in connection with (i) account opening and other account activities and transactions conducted directly through Ultimus with respect to Direct Accounts, and (ii) transactions effected directly through Ultimus by Covered Persons in Covered Accounts. Such controls, as they may be revised from time to time hereunder, are referred to herein as the “Controls”. Solely for purposes of the Red Flags Section, the capitalized terms below will have the respective meaning ascribed to each: