Common use of Continuing Payments Clause in Contracts

Continuing Payments. (i) If this Agreement is terminated for any reason and Customers introduced to FIMAT by lB remain Customers of FIMAT thereafter, FIMAT shall continue to make Continuing Payments (as defined below) to IB as long as such Customers remain Customers of FIMAT or any affiliate thereof. (ii) If, during the term of this Agreement, any Customer of IB introduced to FIMAT by IB chooses to terminate its relationship with IB and enter into a direct relationship with FIMAT, FIMAT shall continue to make Continuing Payments to IB for as long as such Customer remains a Customer of FIMAT or any affiliate thereof.

Appears in 3 contracts

Sources: Introducing Broker Clearing Agreement (Winton Futures Fund Lp (Us)), Introducing Broker Clearing Agreement (APM - Eckhardt Futures Fund, L.P.), Introducing Broker Clearing Agreement (Winton Futures Fund Lp (Us))