Affiliated Broker definition

Affiliated Broker has the meaning set forth in the preamble of this Agreement. The particulars of the Affiliated Broker are set forth on Exhibit A-3.
View Source
Affiliated Broker to Purchase "Employer Stock". The Employer hereby directs the Trustee to use the "affiliated broker" designated below to provide brokerage services in connection with any purchase or sale of "Employer stock" in accordance with investment directions from Participants and/or the Employer if and to the extent that each has authority to direct investments under Section 1.14 of the Adoption Agreement. The provision of brokerage services hereunder by the "affiliated broker" shall be subject to the provisions discussed in this Subsection. The Employer hereby directs the Trustee to use Fidelity Brokerage Services, Inc. ("affiliated broker") to purchase or sell individual securities for Participant Accounts in accordance with investment directions provided by such Participants. In accordance with the requirements of Department of Labor Prohibited Transaction Class Exception ("PTCE") 86-128, the ("affiliated broker") may not be a trustee (other than a non-discretionary trustee), the Administrator, or an Employer, unless otherwise permitted under Section IV of PTCE 86-128. The provision of brokerage services by the ("affiliated broker") shall be subject to the following:
View Source
Affiliated Broker means Hatteras Capital Distributors, LLC and any other affiliated person of the Funds or Hatteras (or Adviser) through which a Fund wishes to execute a securities transaction, and, in the case of a sub-advised Fund, shall also mean any affiliated persons of the sub-adviser of that Fund.
View Source

Examples of Affiliated Broker in a sentence

  • The Advisor shall be responsible for decisions to buy and sell securities for the Fund, for broker-dealer selection, and for negotiation of brokerage commission rates, provided that the Advisor shall not direct orders to an affiliated person of the Advisor (“Affiliated Broker”) without general prior authorization to use such Affiliated Broker from the Trust’s Board of Trustees.

  • The Advisor shall ensure full compliance with Section 17 and other applicable provisions of the Investment Company Act in respect of any such use of an Affiliated Broker.

  • Affiliated Broker Name Authorization # Affiliated Broker Name Authorization # Projected date for Support Broker services to begin* (enter date as mm/dd/yyyy) * These services will continue until the agreement is terminated (complete a Termination Form when terminating this agreement).

  • In all such dealings, the Affiliated Broker- Dealers shall be authorized and entitled to retain any commissions, remuneration or profits which may be made in such transactions and shall not be liable to account for the same to UBS Global Americas, the Series or the Trust.

  • Because Sub-Adviser is making the investment decision and Affiliated Broker may be receiving commissions from the parties on both sides of the transaction, there is a potential conflicting division of loyalties and responsibilities.

  • From time to time Affiliated Broker may be in a position to buy for its other clients securities which are being sold for a Fund or to sell for its other clients securities which are being purchased for a Fund ("agency cross transactions").

  • Client hereby acknowledges and agrees that Sub-Adviser and Affiliated Broker may participate in agency cross transactions and that Affiliated Broker may receive compensation from both parties to the transaction in connection therewith.

  • In all such dealings, the Affiliated Broker- Dealers shall be authorized and entitled to retain any commissions, remuneration or profits which may be made in such transactions and shall not be liable to account for the same to UBS Global Americas, the Portfolio or the Trust.

  • Subject to compliance with the Fund's Rule 17e-1 Procedures, [Futures Procedures] and Rule 10f-3 Procedures, Sub-Adviser may allocate orders for purchase and sale transactions to any broker-dealer affiliated with Sub-Adviser ("Affiliated Broker"); may purchase securities underwritten by an Affiliated Broker; and may cause the Fund to compensate such Affiliated Broker for effecting such transactions.

  • UBS AM, the Portfolio and the Trust should be aware, however, that in a Cross Transaction an Affiliated Broker- Dealer will be receiving commissions from both sides of the trade and, therefore, there is a potentially conflicting division of loyalties and responsibilities.

Related to Affiliated Broker

  • Designated Broker means the financial services firm or other agent designated by the Company to maintain ESPP Share Accounts on behalf of Participants who have purchased shares of Common Stock under the Plan.

  • Associate broker means a licensed broker who is employed by

  • Designated Broker Agreement means an agreement between the Manager, on behalf of the ETFs, and a Designated Broker;

  • Approved Broker means each of Arrow Research Ltd. of London, England, Astrup Fearnley A/S of Oslo, Norway, ▇. ▇▇▇▇▇▇▇▇ & Company Ltd. of London, England, Maersk Broker K/S of Copenhagen, Denmark, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & Young Ltd. of London, England, ▇.▇. ▇▇▇▇▇▇ Shipbrokers of Oslo, Norway and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Salles of Paris, France and includes their respective successors in title and “Approved Brokers” means any or all of them;

  • Affiliated has a correlative meaning.