Common use of Status of Client Clause in Contracts

Status of Client. Client represents and warrants to GS&Co. that no one except Client has a direct beneficial interest in the Account. In the event that Client is represented by an investment advisor or other agent, Client acknowledges and agrees that such agent is authorized to instruct GS&Co. with respect to Client’s Prime Brokerage Transactions and shall have all powers necessary in connection therewith, including, without limitation, full access, personally or through its agents, to Client’s Account information through whatever medium GS&Co. may choose for transmitting such information pursuant to GS&Co.’s agreement with such agent. Client further acknowledges that Prime Brokerage Transactions authorized by such an agent may, at such agent’s instruction, be commingled with those of other clients of the agent for settlement as a single bulk trade with GS&Co., may be reported on an average price basis, and may later be allocated by such agent among such clients. Client agrees that GS&Co. shall in no event be responsible for making any determination relating to the suitability of any transaction for Client’s Account.

Status of Client. Client represents and warrants to GS&Co. that no one except Client has a direct beneficial interest in the Account. In the event that Client is represented by an investment advisor or other agent, I. Prime Brokerage Supplement Client acknowledges and agrees that such agent is authorized to instruct GS&Co. with respect to Client’s 's Prime Brokerage Transactions and shall have all powers necessary in connection therewith, including, without limitation, full access, personally or through its agents, to Client’s 's Account information through whatever medium GS&Co. may choose for transmitting such information pursuant to GS&Co.’s 's agreement with such agent. Client further acknowledges that Prime Brokerage Transactions authorized by such an agent may, at such agent’s 's instruction, be commingled with those of other clients of the agent for settlement as a single bulk trade with GS&Co., may be reported on an average price basis, and may later be allocated by such agent among such clients. Client agrees that GS&Co. shall in no event be responsible for making any determination relating to the suitability of any transaction for Client’s 's Account.