RBC CM definition

RBC CM. – shall mean RBC Correspondent Services, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC, which is a self clearing entity and clears and settles its trades on a fully disclosed basis, as the context requires and as determined by such entities pursuant to the applicable clearing agreement entered into by them, together with the successors and assigns of each.
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Examples of RBC CM in a sentence

  • The Base Lending Rate is internally determined using Broker Call, Prime Rate as determined by commercial banks utilized by RBC CM, Fed Funds, RBC CM’s cost of funds, and other commercially recognized rates of interest.

  • These rates vary according to market conditions and RBC CM reserves the right to determine which rates, or combination of rates, will apply.

  • No provision of this agreement may be waived or amended except in writing and signed by an authorized officer of RBC CM.

  • If the annualized Fund Operating Expenses for any day of a Fund or class exceed the Operating Expense Limit for the Fund or class, RBC CM shall remit to the Fund or class an amount that, together with any offset of waived or reduced distribution or servicing fees, is sufficient to pay that day’s Excess Amount.

  • All rights and remedies given to RBC CM in this Agreement are cumulative and not exclusive of any other rights or remedies which RBC CM otherwise has at law or equity.

  • This Agreement shall be binding upon and inure to the benefit of the Client and RBC CM, their respective successors and permitted assigns; provided however, neither party may assign or transfer any of its rights or obligations hereunder without the prior written consent of the other party.

  • The Program permits you to communicate electronically with RBC CM via email.

  • RBC CM may revise or terminate the Agreement with respect to a Fund at the expiration of any one-year period by notifying the Fund of its intention to revise or terminate the Agreement at least thirty (30) days prior to the end of the one-year period.

  • Notwithstanding the foregoing, RBC CM’s fee waiver and expense reimbursement obligation to any Fund or class, excluding Institutional Class 1, pursuant to this Agreement with respect to any fiscal year shall not exceed the distribution and servicing fees paid by the Funds to RBC CM or to its shareholder account and distribution servicing agent, Quasar, with respect to the Fund or class pursuant to the applicable Distribution Agreement during such fiscal year.

  • If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the distribution or servicing fees waived or reduced and other payments remitted by RBC CM to each Fund or class with respect to the previous fiscal year shall equal the Excess Amount.