Account Compliance Sample Clauses

Account Compliance. All Accounts submitted to IFS for purchase shall be accounts that arise from goods and services actually provided by Hospital to the patient and for which Hospital may submit a bxxx under applicable laws and regulations. All Accounts submitted to IFS hereunder and their related documentation were originated in compliance with all applicable laws and regulations, were duly executed by the parties thereto and are valid and enforceable in accordance with their terms and are free from all liens, encumbrances or rights of offset or counterclaim. Each Account satisfies all of the Account Criteria set forth on Exhibit B and is in an unpaid amount equal to or in excess of the amount set forth on the related Purchase Request. Except for Backlog Accounts, each Account shall be evidenced by a complete and accurate Patient Financing Agreement which has been executed by the Responsible Party and the Hospital and which has been assigned and purchased by IFS upon payment of the Net Proceeds. Immediately prior to purchase hereunder, Hospital is the owner of the Accounts. The Hospital has possession of the Patient Financing Agreements and if requested by IFS, the Hospital shall deliver to IFS originals of any Patient Financing Agreements relating to Accounts purchased by IFS under this Agreement.

Account Compliance. ‌ 7.2.1. The Client must ensure that he/she acts in accordance with any additional Terms and Conditions determined and stated in this Agreement. This includes any other Terms and Conditions relevant to the transactions observed under this Agreement. 7.2.2. All Clients are obliged to provide additional information that the Company may request from time to time. Request for additional information is part of the Company’s responsibilities in accordance with the Anti- Money Laundering (AML) Policy, Know Your Customer (KYC) Legislation, and with other significant third parties. 7.2.3. The Client may authorize his/her first-degree relatives or any third party (herewith the “Authorized Person”) to trade with the Company through his/her account provided that the Company has given its written approval prior to this authorization of use. 7.2.4. The Client must have been provided with all the certification needed for this intention. Th is includes, without limitation, customer identification and KYC Legislation documents in relation to the comprehension and experience for the Company to decide whether derivative trading is suitable for the Client. 7.2.5. The Client agrees that other persons cannot play the part of the Authorized Person or any Client. The Company persists its right to refuse any proposed authorized person to use the Client’s account. The Company can terminate the approval to that authorized person trading with the Client’s account at any time. 7.2.6. Any orders entered or trades carried out by the Authorized Person using the Client’s account are bound to the Client as his/her own trading activities. 7.2.7. The Company is not responsible and has no obligation to compensate the Client for the damages that the Company may encounter upon bearing the right course of action to protect the security of the Client’s account, passwords, and access codes.

Account Compliance. All Accounts submitted to IFS for financing shall arise from goods and services actually provided by Hospital to the patient and for which Hospital may submit a bxxx under applicable laws and regulations. All Hospital Bills submitted to IFS hereunder have been and shall be originated in compliance with all applicable laws and regulations, duly executed by the parties thereto, valid and enforceable in accordance with their terms and free from all liens, encumbrances or rights of offset or counterclaim. Each Hospital Bxxx satisfies all of the Account Criteria set forth on Exhibit B and is in an unpaid amount equal to or in excess of the amount set forth on the related Advance Request. Each request for financing shall be evidenced by a complete and accurate Hospital Bxxx executed by the Responsible Party and assigned to IFS. Hospital shall have obtained from the Responsible Party an executed Revolving Credit Agreement at or prior to the first Hospital Bxxx assigned to IFS hereunder.

Account Compliance a. Rule 405(3). The Introducing Firm shall have the sole and exclusive responsibility for substantial compliance with Rule 405(3) of the Rules and shall specifically approve the opening of any new account before forwarding such account to the Clearing Agent as a potential Introduced Account. The Clearing Agent, in its reasonable business judgment, shall have the right to reject any account which the Introducing Firm may tender to the Clearing Agent as a potential Introduced Account. The Clearing Agent shall also have the right to terminate any account previously accepted by it as an Introduced Account and notify the Introducing Firm of such termination. Failure of the Clearing Agent to so notify the Introducing Firm, however, shall not affect the effectiveness of such termination.