The agreement should specify the nature and frequency of written and oral reports. Reports are generally quarterly and should include general market conditions, all account activity, outstanding account assets and account performance from relevant repositories. The agreement should also provide for additional reports on appropriate request. Securities are all shares of an issuer or option, warrants, bonds, future equity agreements or other instruments converted into shares of an issuer or exchangeable for shares. The agreement should designate the custodian who holds the assets in the account. The custodian should be a serious financial organization, for example. B a large bank or brokerage company, and be independent of the advisor (again to avoid the madoff situation). If the advisor recommends a particular director, he or she must explain the basis of his or her recommendation (for example. B lower costs, better services or the advisor`s familiarity with the trustee`s staff and systems). The advisor should also be willing to work with the administrator you are currently using or prefer in another way.
17.6 Severability Any clause in this contract, which is totally or partially cancelled or unenforceable, is dissociated to the extent that it is nullity or unenforceable. The validity or applicability of the rest of this Contract is not affected. The investment management agreement expired on February 28, 2014 and KBR no longer has an investment manager of the company on the same date. This is an agreement between you (you or the investor) and Jelix Ventures Management Company Pty Ltd ACN 613 582 773 (us, us or Jelix) regarding your investment in a company (an issuer) via our website in www.jelix.vc (platform). It defines the services we will provide you and the fees you have to pay and other things you need to do in exchange for these services. Each activated term defined differently in this agreement has the meaning given to it in paragraph 18.1 of this Agreement. The agreement should consist of whether you or the advisor is competent for non-voting rights regarding the securities on the account. Some councillors do not like to elect substitutes because of the administrative burden. However, proxies can be important (for example. B a vote on an upcoming acquisition) and the advisor is often in a better position to assess the issues and ensure that your vote is recorded on time. For similar reasons, you may also require the advisor to bring a class action on your behalf.
10.2 Investor Recognition Notwithstanding Clause 10.1, you acknowledge that Jelix performs similar management functions for other clients (including clients who are Jelix subsidiaries) and owes other clients obligations that correspond to the obligations or obligations they owe under this Agreement.