Common use of Cross Transactions Clause in Contracts

Cross Transactions. Investment Advisor may, from time to time, act on behalf of Client in buying or selling a particular security in Client's Account, and act as Investment Advisor for another client on the other side of the transaction. Investment Advisor will not be compensated for its role as agent in the transaction. Client acknowledges and authorizes Investment Advisor to perform such cross transactions. Client may revoke, at any time in writing to Investment Advisor, its consent to such cross transactions.

Appears in 2 contracts

Sources: Investment Advisory Agreement (North Pointe Holdings Corp), Investment Advisory Agreement (North Pointe Holdings Corp)