Underlying Principal definition

Underlying Principal means any underlying principal agreed to in writing by us from time to time on wh o s e b e h a l f y o u a c t ( a s a g e n t o r o t h e r wi s e ) a n d enter into Transactions with or through us or our Affiliates; and where such underlying principal does not constitute a single legal person, means the trustees, individuals or other persons who are the primary representatives of the organisation, trust or fund on whose behalf they are dealing; and

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Underlying Principal shall have the meaning given in Article 5.1 and “Underlying Principal Account” shall have the meaning given in Article 5.2;

Underlying Principal means, in relation to a business relationship or occasional transaction, any person who is not a beneficial owner but who-

Examples of Underlying Principal in a sentence

• You undertake, as agent for the relevant Underlying Principal, and on your own behalf, in respect of each instruction given, to specify the Underlying Principal Account to which the relevant instruction relates.

• We will not exercise any power to consolidate accounts or set off amounts owing between Underlying Principal Accounts relating to different Underlying Principals where you have identified to us the Underlying Principal for each account.

• Unless and until you specify an Underlying Principal Account, you will be liable as principal in respect of the relevant Transaction.

• You acknowledge that we will not be liable to you or the relevant Underlying Principal in respect of any Losses arising from any act or omission of such entity of any kind or nature whatsoever (including those resulting from the fraud, negligence or wilful default on the part of such entity).

• You acknowledge and agree that CLSA, its Affiliates and its and their respective directors, officers, agents and employees may hold information relating to you and your Account(s) and any Underlying Principal(s) and Underlying Principal Account(s), and your orders and transactions.

More Definitions of Underlying Principal

Underlying Principal means any person on whose behalf you are acting as agent (Stellvertreter).

Underlying Principal means any person on whose behalf you are acting in any capacity, including as Investment Manager, agent or trustee and whether disclosed to BNYM or not, including without limitation a natural person, corporate entity, person acting in the capacity as trustee, sub-fund or protected cell or analogous segregated component, partnership or unincorporated association;

Underlying Principal of a customer means -

Underlying Principal means any person financially or beneficially interested in the account maintained with CSIGM and/or its Affiliates or payments made to that account.

Underlying Principal means any person financially or beneficially interested in your account or payments made to your account

Underlying Principal means any underlying principal agreed to in writing by us or our Affiliates from time to time on whose behalf a Designated Representative acts (as agent or otherwise) and on whose behalf it may enter into Transactions using the Trading Services with or through us or our Affiliates, and where such underlying principal does not constitute a single legal person, means the trustees, individuals or other persons who are the primary representatives of the organisation, trust or fund on whose behalf they are dealing.

Underlying Principal means any underlying principal agreed to in writing by us from time to time on wh o s e b e ha l f yo u a c t ( a s a ge nt o r o t he r wi s e ) a nd enter into Transactions with or through us or