ERROR POLICY. When an error is discovered, the Trading Advisor will take action to correct the error to the extent possible and as soon as possible. If a broker makes an error, the Trading Advisor will request the broker to make the Company’s account whole. Trading errors not resolved by the broker, including errors made by the Trading Advisor, either to the benefit or detriment of the Company are borne by the Company. In accordance with the indemnification provisions in Section 14 of this Agreement, the Trading Advisor will be obligated to reimburse the Company for any trade error resulting from Trading Advisor’s gross negligence, material breach of this Agreement or material breach of any fiduciary obligation to the Company.
Appears in 2 contracts
Sources: Advisory Agreement (BlackRock Global Horizons I L.P.), Advisory Agreement (Black Rock Global Horizons Lp)