BROKERAGE DIRECTION Sample Clauses

BROKERAGE DIRECTION. Client directs Manager to cause all transactions for the Account to be executed through the following broker, dealer or bank: NONE Client has read, understands and accepts the limitations that this direction will place on Manager's ability to seek best execution for the Account. This direction may be changed by Client at any time by notifying Manager in writing.
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BROKERAGE DIRECTION. Client directs Manager to cause all transactions for the Account to be executed through the following broker, dealer or Bank:___NONE_____________________ Client has read, understands and accepts the limitations that this direction will place on Manager's ability to seek best execution for the Account. This direction may be changed by Client at any time by notifying Manager in writing. ----------------------------------------------------------------------------------------------------------------------- V. NAME OF CLIENT: PENN-AMERICA GROUP, INC. VI. DATE: By: ____________________________________________ _________________________ ---------------------------------------------------------------------------- ----------------------------------------- VII. NAME OF CLIENT: PENN-AMERICA INSURANCE COMPANY VIII. DATE: By: ____________________________________________ _________________________ ---------------------------------------------------------------------------- ----------------------------------------- IX. NAME OF CLIENT: PENN-STAR INSURANCE COMPANY X. DATE: By: ____________________________________________ ___________________________ ---------------------------------------------------------------------------- ----------------------------------------- XI. NAME OF CLIENT: XII. DATE: PENN-PATRIOT INSURANCE COMPANY By: ____________________________________________ ___________________________ ---------------------------------------------------------------------------- ----------------------------------------- SCHEDULE B -------------------------------------------------------------------------------- INVESTMENT GUIDELINES: The investment guidelines to be followed by Manager in managing Client's Account are set forth below: See attached Investment Plan of Penn-America Group, Inc., Penn-America Insurance Company, Penn-Star Insurance Company and Penn-Patriot Insurance Company dated May 14, 2003. -------------------------------------------------------------------------------- NAME OF CLIENT: DATE: PENN-AMERICA GROUP, INC. By: ____________________________________ _____________________ -------------------------------------------------------------------------------- NAME OF CLIENT: DATE: PENN-AMERICA INSURANCE COMPANY By: ____________________________________ _____________________ -------------------------------------------------------------------------------- NAME OF CLIENT: DATE: PENN-STAR INSURANCE COMPANY By: ____________________________________ _____________________ ---...
Sample 1
BROKERAGE DIRECTION. Client directs Manager to cause all transactions for ------------------- the Account to be executed through the following broker, dealer or bank: ________________________________________________________________________________ Client has read, understands and accepts the limitations that this direction will place on Manager's ability to seek best execution for the Account. This direction may be changed by Client at any time by notifying Manager in writing. ________________________________________________________________________________ V. NAME OF CLIENT: VI. DATE: SCOTTISH ANNUITY & LIFE HOLDINGS, LIMITED ________________________________ By:______________________________________ October 26, 1998 SCOTTISH ANNUITY & LIFE HOLDINGS, LTD. Investment Policy and Guidelines MAP GENERAL RE LOGO NEW ENGLAND ASSET MANAGEMENT, INC./TM/ SCOTTISH ANNUITY & LIFE HOLDINGS, LTD. INVESTMENT POLICY INVESTMENT PHILOSOPHY Insurance and investment risk are inextricably linked. Consequently, the assumption of risk in either area has significant impact on the company's ability to assume risk in the other. It is imperative, therefore, that the investment policy provide a framework to manage and adjust investment portfolio risk profiles to accommodate present and future corporate insurance risk preferences. INVESTMENT POLICY The company will manage its total investments so that at all times there are fixed income securities which are adequate in amount and duration to meet the cash requirements of current operations as well as longer term liabilities. To the extent that there are funds available for investment beyond these requirements, the investment objective for such funds will be to maximize total return within a prudent level of risk, taking into account the potential impact on the volatility of reported earnings and reserves, as well as the importance of maintaining the company's A.M. Best rating. INVESTMENT OBJECTIVE Scottish Annuity & Life Holding's assets shall be invested to achieve the following objectives: . Meet insurance regulatory requirements with respect to investments under pertinent insurance laws and regulation. . Maintain an appropriate level of liquidity to satisfy the cash requirements of current operations and longer term obligations. . Adjust investment risk to offset or complement insurance risks based on total corporate risk tolerance. . Subject to the foregoing objectives and specific guidelines set forth below, maximize total return on an after-tax basi...
Sample 1
BROKERAGE DIRECTION. Adviser directs Sub-Adviser to cause all transactions for the Account to be executed through the following broker, dealer or Bank: __________________________________________ NOT APPLICABLE Adviser has read, understands and accepts the limitations that this direction will place on Sub-Adviser's ability to seek best execution for the Account. This direction may be changed by Adviser at any time by notifying Sub-Adviser in writing. XX XXXX® SCHEDULE B
Sample 1
BROKERAGE DIRECTION. Client direct Manager to cause all transactions -------------------- for the Account to be executed through the following broker, dealer or bank: -------------------------------------------------------------------------------- Client has read, understands and accepts the limitation that this direction will place on Manager's ability to seek best execution for the Account. This direction may be changed by Client at any time by notifying Manager in writing. -------------------------------------------------------------------------------- V. NAME OF CLIENT: MAX RE LTD. VI. DATE: By: /s/ Xxxxx X. Xxxxx May 1, 2000 --------------------------- ---------------- -------------------------------------------------------------------------------- SCHEDULE B -------------------------------------------------------------------------------- INVESTMENT GUIDELINES: The investment guidelines to be followed by Manager in --------------------- managing Client's Account are set forth below: Attached Separately --------------------------------------------------------------------------------
Sample 1
BROKERAGE DIRECTION. Client directs Manager to cause all transactions for the Account to be executed through the following broker, dealer or bank: Client has read, understands and accepts the limitations that this direction will place on Manager's ability to seek best execution for the Account. This direction may be changed by Client at any time by notifying Manager in writing. ------------------------------------------------------------------------------- V. NAME OF CLIENT: VI. DATE: PXRE REINSURANCE LTD. By: /s/ Xxxxxxx X. Xxxxx April 8, 2002 -------------------------- -------------------- Xxxxxxx X. Xxxxx ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- INVESTMENT GUIDELINES: The investment guidelines to be followed by Manager in managing Client's Account are set forth below: ------------------------------------------------------------------------------- NAME OF CLIENT: DATE: PXRE REINSURANCE LTD. By: /s/ Xxxxxxx X. Xxxxx April 8 2002 -------------------------- -------------------- Xxxxxxx X. Xxxxx ------------------------------------------------------------------------------- PXRE Group Revised Draft Investment Policy Statement Performance Segment Driven By Benchmarks Investment Philosophy Permitted Investments ------- --------- ---------- --------------------- --------------------- Excess Capital Represents the balancing portion Weighting of: Maximize after tax reported Treasury Bonds of portfolio that is in excess returns through investment in Agency Bonds of all actual and projected - Zurich Hedge longer term debt investments, Municipal Bonds obligations as represented by Fund of Funds hedge funds and other limited Corporate Bonds the Liability and Primary Index partnerships. Securities and Mortgage-backed Capital segments. sectors likely to aggregate with Securities Represents surplus shareholder - Xxxxxx Aggregate insurance portfolio to be Asset-backed funds that can be more XX Xxxx Index avoided. securities aggressively invested to Average maturities: none Hedge Funds achieve higher returns. This Depending on actual Credit quality: Minimum BBB, Other Limited portion of the portfolio allocation in period Mortgage-backed and Asset-backed Partnerships contains the non-bond AA. Average AA or higher. investments in hedge fund and Diversification: No limit on U.S. other limited partnerships. Government, Agency or municipal This portion of the portfolio obligations...
Sample 1

Related to BROKERAGE DIRECTION

  • Brokerage In connection with the services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub-Advisor shall place all orders for the purchase and sale of portfolio securities for the Portfolio's account with brokers or dealers selected by the Sub-Advisor, which may include brokers or dealers affiliated with the Advisor or Sub-Advisor. The Sub-Advisor shall use its best efforts to seek to execute portfolio transactions at prices which are advantageous to the Portfolio and at commission rates which are reasonable in relation to the benefits received. In selecting brokers or dealers qualified to execute a particular transaction, brokers or dealers may be selected who also provide brokerage and research services (as those terms are defined in Section 28(e) of the Securities Exchange Act of 1934) to the Portfolio and/or to the other accounts over which the Sub-Advisor or Advisor exercise investment discretion. The Sub-Advisor is authorized to pay a broker or dealer who provides such brokerage and research services a commission for executing a portfolio transaction for the Portfolio which is in excess of the amount of commission another broker or dealer would have charged for effecting that transaction if the Sub-Advisor determines in good faith that such amount of commission is reasonable in relation to the value of the brokerage and research services provided by such broker or dealer. This determination may be viewed in terms of either that particular transaction or the overall responsibilities which the Sub-Advisor has with respect to accounts over which it exercises investment discretion. The Trustees of the Trust shall periodically review the commissions paid by the Portfolio to determine if the commissions paid over representative periods of time were reasonable in relation to the benefits to the Portfolio.

  • Broker Each Note Holder represents to each other that no broker was responsible for bringing about this transaction.

  • The Managing Broker Dealer agrees to promptly notify the Company of the commencement of any litigation or proceedings against the Managing Broker-Dealer or any of its managers, members, partners, officers, employees, agents, attorneys and accountants in connection with the Offering.

  • Brokerage Commission Acquirer has not engaged the services of, nor has it or will it or Contributor become liable to, any real estate agent, broker, finder or any other person or entity for any brokerage or finder's fee, commission or other amount with respect to the transactions described herein on account of any action by Acquirer. Acquirer hereby agrees to indemnify and hold Contributor and its employees, directors, members, partners, affiliates and agents harmless against any claims, liabilities, damages or expenses arising out of a breach of the foregoing. This indemnification shall survive Closing or any termination of this Agreement.

  • No Brokerage The Purchaser has not incurred any obligation or liability, contingent or otherwise, for brokerage fees, finder's fees, agent's commissions, or the like in connection with this Agreement or the transactions contemplated hereby.

  • Brokerage Commissions All brokers' commissions and other charges incident to the purchase, sale or lending of the Fund 's portfolio securities.

  • Excess Brokerage Commissions The Adviser is hereby authorized, to the fullest extent now or hereafter permitted by law, to cause the Corporation to pay a member of a national securities exchange, broker or dealer an amount of commission for effecting a securities transaction in excess of the amount of commission another member of such exchange, broker or dealer would have charged for effecting that transaction, if the Adviser determines in good faith, taking into account such factors as price (including the applicable brokerage commission or dealer spread), size of order, difficulty of execution, and operational facilities of the firm and the firm’s risk and skill in positioning blocks of securities, that such amount of commission is reasonable in relation to the value of the brokerage and/or research services provided by such member, broker or dealer, viewed in terms of either that particular transaction or its overall responsibilities with respect to the Corporation’s portfolio, and constitutes the best net results for the Corporation.

  • Brokerage Fees Except as described on Section 5.13 of the Acquiror Disclosure Letter, no broker, finder, investment banker or other Person is entitled to any brokerage fee, finders’ fee or other commission in connection with the transactions contemplated by the Merger Agreement based upon arrangements made by such Sponsor, for which Acquiror or any of its Affiliates may become liable.

  • Brokerage Fees and Commissions Buyer has not incurred any obligation or entered into any agreement for any investment banking, brokerage, or finder's fee or commission in respect of the transactions contemplated by this Agreement for which Seller or the Company shall incur any liability.

  • Adviser The Adviser represents and warrants to the Subadviser that (i) the retention of the Subadviser by the Adviser as contemplated by this Agreement is authorized by the respective governing documents of the Trust and the Adviser; (ii) the execution, delivery and performance of each of this Agreement and the Advisory Agreement does not violate any obligation by which the Trust or the Adviser or their respective property is bound, whether arising by contract, operation of law or otherwise; and (iii) each of this Agreement and the Advisory Agreement has been duly authorized by appropriate action of the Trust and the Adviser and when executed and delivered by the Adviser will be the legal, valid and binding obligation of the Trust and the Adviser, enforceable against the Trust and Adviser in accordance with its terms hereof subject, as to enforcement, to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally and to general equitable principles (regardless of whether enforcement is sought in a proceeding in equity or law).

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