Trade Errors definition

Trade Errors shall explicitly exclude: (a) good faith errors in judgment in making investment decisions for the Fund(s), (b) errors corrected before execution by the Adviser, or (c) errors made by persons, acting upon good instructions from the Sub-Adviser, other than the Sub-Adviser; or (d) errors that result from a request of the Adviser or Fund.
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Trade Errors means: any error that (i) prevents portfolio trading instructions given by the Sub-Adviser on behalf of a Fund from being effectuated in substantially the manner intended by the Sub-Adviser, or (ii) results in the execution of a trade on behalf of a Fund that was not intended for the Fund. The Sub-Adviser shall notify the Manager promptly upon detection of any Trade Error which settles in the account attributable to a Fund. In the event of a Trade Error, the Sub-Adviser shall also provide a written summary to the Manager that sufficiently describes the Trade Error and the action to be taken to seek to prevent future occurrences of that type of Trade Error or, alternatively, a statement that the Sub-Adviser has reviewed the relevant controls, and has determined those controls are reasonably designed to seek to prevent additional Trade Errors in the future (and, to the extent relevant, that such controls are reasonably designed to prevent violations of the federal securities laws), and as such no further action is required. Further, the Sub-Adviser shall provide reasonable access to the Manager and the Trust, or their agents, to all documents and information related to any Trade Error, its analysis and correction.
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Trade Errors. The Holder reserves the right, depending on the circumstances, to decline to reimburse for any errors or mistakes of the Holder with respect to the Holder’s placement or execution of trades under the Transaction Document, as such errors may be considered by the Holder to be a cost of doing business. The Holder will (in its absolute and sole discretion) determine whether or not any trade error is required to be reimbursed. The Holder has an inherent conflict of interest with respect to the discovery and treatment of trade errors.
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Examples of Trade Errors in a sentence

  • The Sub-Advisor will notify the Manager of any Trade Error(s), regardless of materiality, promptly upon the discovery such Trade Error(s) by the Sub-Advisor.

  • Notwithstanding Section 5, the Sub-Advisor shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from Trade Errors due to negligence, misfeasance, or disregard of duties of the Sub Advisor or any of its directors, officers, employees, agents (excluding any broker-dealer selected by the Sub-Advisor), or affiliates.

  • The Sub-Advisor will notify the Manager of any Trade Error(s), regardless of materiality, promptly upon the discovery of such Trade Error(s) by the Sub-Advisor.

  • Notwithstanding Section 5, the Sub-Advisor will be shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from Trade Errors.

  • Errors The Sub-Advisor will notify the Manager of any Trade Error(s), regardless of materiality, promptly upon the discovery such Trade Error(s) by the Sub-Advisor.

  • The General Partner shall seek to detect Trade Errors prior to settlement and promptly correct and mitigate any Trade Error Losses.

  • Notwithstanding Section 5, the Sub- Advisor shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from Trade Errors due to negligence, misfeasance, or disregard of duties of the Sub Advisor or any of its directors, officers, employees, agents (excluding any broker-dealer selected by the Sub-Advisor), or affiliates.

  • Notwithstanding Section 5 of this Agreement, the Sub-Advisor shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from Trade Errors due to negligence, misfeasance, or disregard of duties of the Sub Advisor or any of its directors, officers, employees, agents (excluding any broker-dealer selected by the Sub-Advisor), or affiliates.

  • Notwithstanding Section 5, the Sub- Advisor shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from Trade Errors due to negligence, misfeasance, or disregard of duties of the Sub Advisor or any of its directors, officers, employees, agents (excluding any broker- dealer selected by the Sub-Advisor), or affiliates.

  • Advisor will notify the Manager of any Trade Error(s), regardless of materiality, promptly upon the discovery such Trade Error(s) by the Sub-Advisor.


More Definitions of Trade Errors

Trade Errors means erroneous orders by the Sub-Adviser for the Fund’s portfolio that result in the purchase or sale of investments that, as determined by the Adviser and Sub-Adviser in good faith: (i) were not the intended investment to be purchased or sold, (ii) were traded in the wrong direction; or (iii) were traded in a greater quantity than intended. Additionally, a “Trade Errors” shall not include any error related to: (i) any pre-trade systems or processes, including data processing or signal generation; (ii) any post-trade systems or processes, including allocation of orders or sweeping of non-base currency balances into base currency; or (iii) that results in the purchase or sale of investments in a quantity lower than what was intended. Notwithstanding the foregoing, the parties mutually agree and acknowledge that the determination of what constitutes a Trade Error for purposes of this Agreement may be determined by the Trust.
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Trade Errors means any error in the specific execution of a buy or sell order of a mortgage back security (“TBA”) or TBA option by the TRMS trading staff that adversely impacts that client’s profitability and (i) was either provided by a client to the TRMS trading staff or selected by TRMS trading staff on behalf of the client or (ii) represents trade activity outside of the Hedging Policy as defined in the agreement between TRMS and client
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Trade Errors. ▇▇▇▇▇▇ occasionally makes trade errors in the normal course of executing specific trading instructions. ▇▇▇▇▇▇ might categorise a trade error such that it is not contractually obliged to compensate its clients for the error. An Error Policy is in place that governs the treatment and reporting of trade errors, which requires that all material trade errors are reported to the affected ▇▇▇▇▇▇ titled funds’ boards and managed account clients. All trade errors are recorded in a log, which is subject to independent review by Compliance periodically. All material trade errors are discussed by the Risk Committee or a sub-set thereof to determine ▇▇▇▇▇▇ obligations and appropriate course of action. Implementation of Research: ▇▇▇▇▇▇ determines which research is implemented in which investment vehicles. ▇▇▇▇▇▇ might favour one investment vehicle over another when implementing research. ▇▇▇▇▇▇’▇ Investment Board decides which research is implemented in which investment vehicles. The tracking of accounts following the same investment strategy is subject to independent review by ▇▇▇▇▇▇’▇ Middle Office team. ▇▇▇▇▇▇ discloses its CFTC composite track record, which is produced and reconciled by a third-party US CPA firm, based on information provided by brokers, administrators and ▇▇▇▇▇▇.
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Related to Trade Errors

  • NAV Error means an error in the computation of the net asset value for a Fund or class as more fully described in the NAV Error Policy.

  • Software Error means a reproducible defect or combination thereof in the Software that results in a failure of the Software when used in accordance with the Documentation. Software Errors do not include those errors caused by (a) Licensee’s negligence, (b) any unauthorized modification or alteration Licensee makes to the Software, (c) data that does not conform to Licensor’s specified data format, (d) operator error, or (e) use not conforming to the Licensor’s supported technical environment specified in the Documentation.

  • NAV Error Policy means the TRP Net Asset Value Error Policy as attached hereto as Schedule II.

  • Errors shall have the meaning specified in Section 8.2(c) of the Sale and Servicing Agreement.

  • Medication error means any preventable event that may cause or lead to inappropriate medication use or patient harm, while the medication is in the control of the health care professional, patient, or consumer. Such events may be related to professional practice, health care products, procedures, and systems including, but not limited to: prescribing; order communication; product labeling, packaging and nomenclature; compounding; dispensing; distribution; administration; education; monitoring; and use.