Common use of REPORTS AND OBJECTIONS Clause in Contracts

REPORTS AND OBJECTIONS. (a) All confirmations, purchase and sale notices, correction notices and account statements (collectively, "Reports") shall be submitted to Customer and shall be conclusive and binding on Customer unless Customer notifies UBS-S LLC of any objection thereto prior to the opening of trading on the contract market on which such transaction occurred on the business day following the day on which Customer receives such Report; provided, that with respect to monthly statements, Customer may notify UBS-S LLC of any objection thereto within five business days after receipt of such monthly statement, provided the objection could not have been raised at the time any prior Report was received by Customer as provided for above. Any such notice of objection, if given orally to UBS-S LLC, shall immediately (and in no event later than within one business day) be confirmed in writing by Customer.

Appears in 6 contracts

Samples: Form of Customer Agreement (UBS Managed Futures LLC (Aspect Series)), Customer Agreement (Frontier Fund), Customer Agreement (World Monitor Trust III)

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REPORTS AND OBJECTIONS. (a) All confirmations, purchase and sale notices, correction notices and account statements (collectively, "Reports") shall be submitted to Customer and shall be conclusive and binding on Customer unless Customer notifies UBS-S LLC of any objection thereto prior to the opening of trading on the contract market on which such transaction occurred on the business day following the day on which Customer receives such Report; provided, that with respect to monthly statements, Customer may notify UBS-S LLC of any objection thereto within five business days after receipt of such monthly statement, provided the objection could not have been raised at the time any prior Report was received by Customer as provided for above. Any such notice of objection, if given orally to UBS-S LLC, shall immediately (and in no event later than within one business day) be confirmed in writing by Customer.

Appears in 3 contracts

Samples: Customer Agreement (WMT III Series G/J Trading Vehicle LLC), Customer Agreement (Campbell Strategic Allocation Fund Lp), Customer Agreement (Beacon Financial Futures Fund LTD)

REPORTS AND OBJECTIONS. (a) All confirmations, purchase and sale notices, correction notices and account statements (collectively, "‘‘Reports"’’) shall be submitted to Customer and shall be conclusive and binding on Customer unless Customer notifies UBS-S LLC of any objection thereto prior to the opening of trading on the contract market on which such transaction occurred on the business day following the day on which Customer receives such Report; provided, that with respect to monthly statements, Customer may notify UBS-S LLC of any objection thereto within five business days after receipt of such monthly statement, provided the objection could not have been raised at the time any prior Report was received by Customer as provided for above. Any such notice of objection, if given orally to UBS-S LLC, shall immediately (and in no event later than within one business day) be confirmed in writing by Customer.

Appears in 1 contract

Samples: Form of Customer Agreement (JWH GlobalAnalytics Fund, L.P.)

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REPORTS AND OBJECTIONS. (a) All confirmations, purchase and sale notices, correction notices and account statements (collectively, "Reports") shall be submitted to Customer and shall be conclusive and binding on Customer unless Customer notifies UBS-S LLC of any objection thereto prior to the opening of trading on the contract market on which such transaction occurred on the business day Business Day following the day on which Customer receives such Report; provided, that with respect to monthly statements, Customer may notify UBS-S LLC of any objection thereto within five business days (5) Business Days after receipt of such monthly statement, provided the objection could not have been raised at the time any prior Report was received by Customer as provided for above. Any such notice of objection, if given orally to UBS-S LLC, shall immediately promptly (and in no event later than within one business day(1) Business Day) be confirmed in writing by Customer.

Appears in 1 contract

Samples: Customer Agreement (KMP Futures Fund I LLC)

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