EXECUTION. Your classification as an Eligible Counterparty determines that BBVA does not owe you, as an Eligible Counterparty a duty of best execution and your acceptance of these Terms constitutes your agreement that BBVA will not owe you a duty of best execution unless you request and we specifically agree in writing (nevertheless, and for merely informational purposes we enclose BBVA’s execution policy (the "Execution Policy" attached hereby as Annex I) You expressly consent to BBVA (or its affiliates, as the case may be) effecting and executing transactions on your behalf outside the Markets. BBVA handles client and own account orders promptly, fairly and in due form subject to market conditions. BBVA may aggregate your Order with its own orders, orders of BBVA affiliates or orders of other persons in a manner that BBVA believes is fair in accordance to the Rules (such aggregation may on some occasions operate to your disadvantage and, on other occasions, to your advantage. órdenes de otras personas en la forma en que BBVA considere razonable de acuerdo a la Normativa (dicha agregación podrá en algunas ocasiones operar en su contra y en otras en su favor). Es posible que las condiciones xx xxxxxxx no permitan la ejecución total o por medio de una sola ejecución de la Orden agregada del Cliente (pudiendo en este caso BBVA ejecutarla a lo largo del periodo que estime apropiado). Cualquier Orden cursada por el Cliente estará sujeta a los controles de transparencia pre y post-negociación de BBVA además de a cualquier posible control por parte del Cliente. BBVA no garantiza el resultado de ninguna Orden cursada por el Cliente.
EXECUTION. In the event of an Event of Default or in the Event of an Early Termination, the Lender has the right to execute the Pledge pursuant to Title Three Bis of the Fifth Book of the Commerce Code. In the controversies that arise in connection to this Pledge, the applicable legal dispositions will apply. En virtud de que las Obligaciones Garantizadas incluyen, principalmente, obligaciones monetarias denominadas en Dólares de los Estados Unidos de América, para el pago de dichas obligaciones, el producto en Pesos que se obtenga de la venta de los Bienes Pignorados, deberá ser convertido a Dólares de los Estados Unidos de América por el Acreedor en una operación llevada a cabo con The Bank of New York Mellon (“Mellon”), o con cualquier otra institución seleccionada por los Acreedores Prendarios, al tipo de cambio más favorable ofrecido por Mellon o cualquier otra institución elegida por el Acreedor, para el cumplimiento de dichas obligaciones denominadas en Dólares de los Estados Unidos de América, y dichas cantidades convertidas deberán ser aplicadas por el Acreedor hasta el monto resultante convertido, para el pago de las Obligaciones Garantizadas. In virtue that the Secured Obligations include mainly economic obligations set forth in Dollars of the United States of America, for the payment of said obligations, the amount in pesos that results from the sale of the Pledged Assets, shall be converted to Dollars of the United States of America for the Lender in a transaction performed with The Bank of New York Mellon (“Mellon”), or any other institution selected by the Lender, for the fulfillment of said obligations in Dollars of the United States of America, and said converted amounts shall be applied by the Lender up to the resulting converted amount, for the payment of the Secured Obligations. En relación con cualquier acción establecida en esta Cláusula Décima y en el Contrato de Crédito, el Acreedor conviene en actuar razonablemente, y en ningún caso el Acreedor será responsable por cualquier pérdida o daño relacionado con los Bienes Pignorados, resultantes de las acciones llevadas a cabo de conformidad con esta Cláusula Décima. In connection to any action set forth in Clause Tenth and the Loan Agreement, the Lender agrees to act reasonably, and under no circumstance the Lender shall be responsible for the loss or damage related to the Pledged Assets, resulting from the actions performed pursuant to Clause Tenth hereof. El Deudor Prendario y el Acreedor en est...
EXECUTION. BBVA has an execution policy (the "Execution Policy") which applies, when applicable, where it executes Orders on your behalf or receives and transmits Orders to other entities for execution for your account, where those Orders relate to financial instruments within the scope of the Rules and the Execution Policy. Information on the Execution Policy is attached hereby as Schedule I. You expressly consent to the Execution Policy. You consent to BBVA (or its affiliates, as the case may be) effecting transactions on your behalf outside the Markets. You agree (to the extent permitted by the Rules) that BBVA shall not owe you a duty of best execution where you give us an Order to execute on your behalf in respect of an instrument which falls outside the scope of the binding Rules. BBVA does not warrant the result of any Order sent by you.
EXECUTION. BBVA has an execution policy (the "Execution Policy") which applies, when Transactions fall within the scope of the Execution Policy. A summary on the Execution Policy is available at xxxxx://xxx.xxxxxxx.xxx/xxxxx-xx/. You expressly consent to the Execution Policy. You expressly consent to BBVA (or its affiliates, as the case may be) effecting transactions on your behalf outside the Markets. You acknowlege that BBVA shall not owe you a duty of best execution where you give us an Order to execute in respect of a financial instrument or under certain objective or subjective xxxxxxxxxxxx which fall outside the scope of the binding Rules. BBVA does not warrant the result of any Order sent by you.