Common use of REPORTS AND OBJECTIONS Clause in Contracts

REPORTS AND OBJECTIONS. Daily confirmations of transactions in Contracts for the Account shall be submitted to Customer and absent manifest error shall be conclusive and binding on Customer unless Customer notifies ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ of any objection thereto prior to the opening of trading on the contract market or trading facility on which such transaction occurred on the Business Day following the day on which Customer receives such Statement; provided that, with respect to monthly statements, Customer may notify ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ of any objection thereto within five Business Days after receipt of such monthly Statement, and provided further that the objection could not have been raised at the time any prior trade confirmation was received by Customer as provided for above. Any such notice of objection, if given orally to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, shall be promptly confirmed in writing by Customer.

Appears in 4 contracts

Sources: Commodity Futures Customer Agreement, Commodity Futures Customer Agreement (Powershares Db Us Dollar Index Bearish Fund), Commodity Futures Customer Agreement (PowerShares DB Commodity Index Tracking Fund)

REPORTS AND OBJECTIONS. Daily confirmations of transactions in Contracts for the Account shall be submitted to Customer and absent manifest error shall be conclusive and binding on Customer unless Customer notifies M▇▇▇▇▇ S▇▇▇▇▇▇ of any objection thereto prior to the opening of trading on the contract market or trading facility on which such transaction occurred on the second Business Day following the day on which Customer receives such Statement; provided that, with respect to monthly statements, Customer may notify M▇▇▇▇▇ S▇▇▇▇▇▇ of any objection thereto within five Business Days after receipt of such monthly Statement, and provided further that the objection could not have been raised at the time any prior trade confirmation was received by Customer as provided for above. Any such notice of objection, if given orally to M▇▇▇▇▇ S▇▇▇▇▇▇, shall be promptly confirmed in writing by Customer.

Appears in 3 contracts

Sources: Commodity Futures Customer Agreement (Morgan Stanley Smith Barney Spectrum Select Lp), Commodity Futures Customer Agreement (Morgan Stanley Smith Barney Charter Campbell Lp), Commodity Futures Customer Agreement (Morgan Stanley Smith Barney Charter Aspect L.P.)

REPORTS AND OBJECTIONS. Daily confirmations of transactions in Contracts for the Account shall be submitted to Customer and absent manifest error shall be conclusive and binding on Customer unless Customer notifies ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ of any objection thereto prior to the opening of trading on the contract market or trading facility on which such transaction occurred on the second Business Day following the day on which Customer receives such Statement; provided that, with respect to monthly statements, Customer may notify ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ of any objection thereto within five Business Days after receipt of such monthly Statement, and provided further that the objection could not have been raised at the time any prior trade confirmation was received by Customer as provided for above. Any such notice of objection, if given orally to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, shall be promptly confirmed in writing by Customer.

Appears in 2 contracts

Sources: Commodity Futures Customer Agreement, Commodity Futures Customer Agreement (Managed Futures Premier BHM L.P.)