Common use of Orders for Units in AMC Clause in Contracts

Orders for Units in AMC. (i) The IFA shall forward all Customers’ Orders to iFAST for the purpose of execution. Upon the receipt of such Order and all other documents for the execution of such Order, iFAST shall forward such Order to the relevant Product Provider, after such Order is consolidated either daily or from time to time by iFAST together with orders placed by iFAST's other customers or clients for the purposes of placement of the orders by iFAST with the relevant Product Provider. (ii) The IFA acknowledges that any Product Provider which receives any order from iFAST is not obliged to accept the order in part or whole and is subject to the provisions set out in the respective OD / SID/ SIA of the respective schemes of the mutual fund or as may be prescribed by SEBI Regulations from time to time and such other terms and conditions provided herein and as agreed between the parties. iFAST shall not be liable or responsible for any action or rejection on the part of any Product Provider in respect of any order. iFAST shall have no responsibility or liability for ensuring that the relevant AMC allots, redeems, switches or transfers the relevant Units in an Order or for any losses or expenses whatsoever, including any loss of investment opportunity which any Customer may suffer or incur as a result of any refusal to accept or delay in accepting such order by the AMC. (iii) The IFA acknowledges that the purchase prices and redemption (realization) prices are determined by the AMC in accordance with the OD/ SID/ SAI. Accordingly, any price or value quoted by iFAST to the IFA and/or Customer (whether on the Site or otherwise) in respect of any Unit in any AMC is not conclusive and the IFA hereby agrees that in placing any Order, it is not relying on any such information provided to it by iFAST.

Orders for Units in AMC. (i) The IFA ASSOCIATE shall forward all Customers’ Orders to iFAST Nirmal Bang for the purpose of execution. Upon the receipt of such Order and all other documents for the execution of such Order, iFAST Nirmal Bang shall forward such Order to the relevant Product Provider, after such Order is consolidated either daily or from time to time by iFAST Nirmal Bang together with orders placed by iFASTNirmal Bang's other customers or clients for the purposes of placement of the orders by iFAST Nirmal Bang with the relevant Product Provider. (ii) The IFA ASSOCIATE acknowledges that any Product Provider which receives any order from iFAST Nirmal Bang is not obliged to accept the order in part or whole and is subject to the provisions set out in the respective OD / SID/ SIA of the respective schemes of the mutual fund or as may be prescribed by SEBI Regulations from time to time and such other terms and conditions provided herein and as agreed between the parties. iFAST Nirmal Bang shall not be liable or responsible for any action or rejection on the part of any Product Provider in respect of any order. iFAST Nirmal Bang shall have no responsibility or liability for ensuring that the relevant AMC allots, redeems, switches or transfers the relevant Units in an Order or for any losses or expenses whatsoever, including any loss of investment opportunity which any Customer may suffer or incur as a result of any refusal to accept or delay in accepting such order by the AMC. (iii) The IFA ASSOCIATE acknowledges that the purchase prices and redemption (realization) prices are determined by the AMC in accordance with the OD/ SID/ SAI. Accordingly, any price or value quoted by iFAST Nirmal Bang to the IFA ASSOCIATE and/or Customer (whether on the Site or otherwise) in respect of any Unit in any AMC is not conclusive and the IFA ASSOCIATE hereby agrees that in placing any Order, it is not relying on any such information provided to it by iFASTNirmal Bang.