Custody and Brokerage Sample Clauses

Custody and Brokerage. Client authorizes Introducing Firm, as its agent, to provide all execution services relative to the purchase and/or sale of securities for the Account. Introducing Firm has entered into a brokerage clearing agreement with Clearing Agent, pursuant to which Clearing Agent will execute transactions and perform clearance for the Account. Clearing Agent will not assess or collect from Introducing Firm or Client any transaction fee for its services upon the purchase or sale of any securities for the Account. Clearing Agent will be compensated by Introducing Firm as set forth in Section 9 hereof. Executions and custodial services are included in the fees described in this Agreement. When determined appropriate, Clearing Agent or Introducing Firm may aggregate (i.e. bunch or block) orders of Client with other clients. Introducing Firm or a Masters Manager may direct transactions to another broker-dealer if legal execution obligations so require. Costs and fees arising out of transactions effected by entities other than Clearing Agent or attributable to dealer mark-ups, xxxx-xxxxx or "spreads" (in transactions where either Introducing Firm or another entity acts as principal for its own account) will be separately borne by Client. Neither Introducing Firm nor Clearing Agent will execute transactions ordered by a Masters Manager through itself acting as principal, but will act only as agent for Clients; and will execute transactions in securities in which it acts as a market maker as agent through other broker-dealers. Client hereby authorizes Introducing Firm to act both as principal and as agent for buyer and seller in securities transactions when appropriate and permitted by law and then allocate those trades among Introducing Firm's clients in accordance with Introducing Firm's instructions and written procedures. Since Introducing Firm may profit by such principal transactions with Clients and would normally receive compensation from each party to such agency transactions there is a potentially conflicting division of responsibilities and loyalties. Client may revoke the consent at any time by notifying Introducing Firm in writing. Introducing Firm will act as a principal under existing law only if, prior to each such transaction, Introducing Firm discloses the capacity in which it is acting and obtains Client's consent. With respect to the day to day investment management of the Account(s), neither Introducing Firm, Clearing Agent nor WSLLC acts with discretio...
AutoNDA by SimpleDocs
Custody and Brokerage 

Related to Custody and Brokerage

  • Agency and Brokerage Commission is to be paid to Auctioneer pursuant to and in accordance with that certain agreement between Auctioneer and Seller regarding authorization and compensation, and to Broker, if any, pursuant to the Terms and Conditions of the Auction, Broker/Bidder Participation Form and Broker Listing Agreement for Auction, relative to the subject Property, which documents are incorporated herein by reference. SEVEN HILLS AUCTIONS, LLC, auctioneer/broker, is acting exclusively as agent for the Seller.

  • 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.

  • Brokerage Services The following additional tasks will be performed by Xxxxxx: 194 195 196

  • BROKERAGE FEE Seller agrees to sell the above described Property on the terms and conditions stated in the foregoing Contract, and does hereby approve, ratify and confirm such Contract in all respects. Further, Seller acknowledges the employment of KIRE as the real estate broker in this transaction and agrees to pay said broker a fee under a previously executed listing agreement. The said brokerage fee is to be paid at the Closing of this transaction and shall be deducted from the Downpayment herein before described and disbursed from KIRE’s escrow account at Closing. If there is not a sufficient Downpayment deposited to cover the brokerage fee, the balance shall be disbursed by cashier's check or wire transfer at the time of Closing. Purchaser and Seller do hereby release, acquit, and forever discharge KIRE, its agents, servants, representatives, heirs, administrators, successors and assigns, of and from any and all actions, causes of action, claims, demands, damages, costs, loss of services, expenses and compensation, on account of, or in any way growing out of any and all known and unknown injuries and damages of whatsoever nature, whether past, present or future, and the results of such injuries and damages, incurred in connection with, occasioned by or resulting from the execution, delivery and closing of the transaction contemplated in this Contract.

  • Brokers No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of Buyer.

  • 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.

  • No Broker Neither Seller nor any Affiliate of Seller has dealt with any broker, investment banker, agent or other Person, except for Buyer or an Affiliate of Buyer, who may be entitled to any commission or compensation in connection with any Transaction.

  • No Brokers The Company has taken no action which would give rise to any claim by any person for brokerage commissions, transaction fees or similar payments relating to this Agreement or the transactions contemplated hereby.

  • BROKERAGE AND AGENCY Seller and Purchaser acknowledge that if they have entered into a client relationship with a Broker, that Xxxxxx has disclosed on a prior basis (1) the types of brokerage relationships offered by the Broker, (2) any other brokerage relationship which would conflict with the client’s interest, and (3) the compensation of Xxxxxx and whether commissions would be shared with other Brokers. Seller and Purchaser agree to indemnify and hold Broker harmless against all claims, damages, losses, expenses and/or liabilities arising out of or related to the purchase and sale of the real property listed above, except those arising from Broker’s intentional wrongful acts. No Broker shall owe any duty to Purchaser or Seller greater than is set forth in the Brokerage Relationships in Real Estate Transactions Act, O.C.G.A. § 10-6A-1 et seq.

Time is Money Join Law Insider Premium to draft better contracts faster.