Common use of ACCOUNT OPENING FORMALITIES Clause in Contracts

ACCOUNT OPENING FORMALITIES. 2.1 To open a MGIA, I/we shall at the Bank’s request duly execute and give to the Bank such mandate (if any), specimen signature card and any other document(s) required by the Bank for the operation of the MGIA. Upon the due completion and delivery to the Bank of such documents (in form and substance satisfactory to the Bank) and the processing of the initial purchase order in whatever form that the Bank may prescribe and determine, a Maybank Gold Investment Account Passbook ("the Passbook") will be issued to me/us to record entries of all transactions through my/our account for my/our reference. 2.2 In establishing a MGIA, I/we represent and warrant that I/we am/are: (a) 18 years old or above and am/are not of unsound mind; (b) not an undischarged bankrupt; (c) have full rights, power and authority to make purchases and sales of gold and to enter into and exercise my/our rights and perform my/our obligations under this Agreement; (d) the obligations created under this Agreement are valid, legally binding and enforceable against me/us; (e) all actions, conditions and things required to be taken, fulfilled and done (including the obtaining of any necessary consents) in order to enable me/us lawfully to enter into, exercise my/our rights and perform and comply with my/our obligations under this Agreement, to ensure that those obligations are legally binding and enforceable to make this Agreement admissible in evidence have been taken, fulfilled and done; (f) my/our entry into, exercise of my/our rights and/or performance of or compliance with my/our obligations under this Agreement do not and will not violate: (i) any law to which I/we am/are subject to; or (ii) any of the documents constituting it; or (iii) any other agreement to which I/we am/are party to; (g) no litigation, arbitration or administrative proceeding is current, pending, threatened or anticipated which could: (i) restrain my/our entry into, performance of or compliance with or enforcement of my/our obligations under this Agreement; or (ii) have a material adverse effect on my/our performance or compliance with or enforcement of my/our obligations under this Agreement.

Appears in 1 contract

Samples: Maybank Gold Investment Account Agreement

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ACCOUNT OPENING FORMALITIES. 2.1 To open a MGIA, I/we shall at the Bank’s request duly execute and give to the Bank such mandate (if any), specimen signature card and any other document(s) required by the Bank for the operation of the MGIA. Upon the due completion and delivery to the Bank of such documents (in form and substance satisfactory to the Bank) and the processing of the initial purchase order in whatever the form that the Bank may prescribe and determine, a Maybank Gold Investment Account Passbook ("the Passbook"“Passbook‟)/Maybank Gold Investment Account Statement (”Statement‟) will be issued to me/us to record entries of all transactions through in my/our account for my/our reference. 2.2 In establishing a MGIA, I/we represent and warrant that I/we am/are:are (where applicable, for individual customer and company respectively): (a) 18 years old or above and am/are not of unsound mindmind (individual) or duly incorporated with limited liability under the laws of Malaysia (company); (b) not an undischarged bankruptbankrupt or not a wound-up company or no pending bankruptcy petition or winding up petition filed against us; (c) have full rights, power and authority to make purchases and sales of gold and to enter into and exercise my/our rights and perform my/our obligations under this Agreement; (d) the obligations created under this Agreement are valid, legally binding and enforceable against me/us; (e) all actions, conditions and things required to be taken, fulfilled and done (including the obtaining of any necessary consents) in order to enable me/us lawfully to enter into, exercise my/our rights and perform and comply with my/our obligations under this Agreement, to ensure that those obligations are legally binding and enforceable to make this Agreement admissible in evidence have been taken, fulfilled and done; (f) my/our entry into, exercise of my/our rights and/or performance of or compliance with my/our obligations under this Agreement do not and will not violate: : (i) any law to which I/we am/are subject to; or (ii) any of the documents constituting it; or (iii) any other agreement to which I/we am/are party to; (g) no litigation, arbitration or administrative proceeding is current, pending, threatened or anticipated which could: (i) restrain my/our entry into, performance of or compliance with or enforcement of my/our obligations under this Agreement; or (ii) have a material adverse effect on my/our performance or compliance with or enforcement of my/our obligations under this Agreement.

Appears in 1 contract

Samples: Maybank Gold Investment Account Agreement

ACCOUNT OPENING FORMALITIES. 2.1 To open a MGIAMSIA, I/we We shall at the Bank’s 's request duly execute and give to the Bank such mandate (if any), ) specimen signature card and any other document(s) required by the Bank for the operation of the MGIAMSIA. Upon the due completion and delivery to the Bank of such documents (in form and substance satisfactory to the Bank) and the processing of the initial purchase (hereinafter refer to as "initial purchase") order in whatever form that the Bank may prescribe and determine, a Maybank Gold Silver Investment Account Passbook ("the Passbook") will be issued to me/us to record entries of all transactions through my/our account for my/our reference. 2.2 In establishing a MGIAMSIA, I/we represent and warrant that I/we am/are: (a) 18 years old or above and am/are not of unsound mind; (b) not an undischarged bankrupt; (c) have full rights, power and authority to make purchases and sales of gold silver and to enter into and exercise my/our rights and perform my/our obligations under this Agreement; (d) the obligations created under this Agreement are valid, legally binding and enforceable against me/us; (e) all actions, conditions and things required to be taken, fulfilled and done (including the obtaining of any necessary consents) in order to enable me/us lawfully to enter into, exercise my/our rights and perform and comply with my/our obligations under this Agreement, to ensure that those obligations are legally binding and enforceable to make this Agreement admissible in evidence have been taken, fulfilled and done; (f) my/our entry into, exercise of my/our rights and/or performance of or compliance with my/our obligations under this Agreement do not and will not violate: (i) any law to which I/we am/are subject to; or (ii) any of the documents constituting it; or (iii) any other agreement to which I/we am/are party to; (g) no litigation, arbitration or administrative proceeding is current, pending, threatened or anticipated which could: (i) restrain my/our entry into, performance of or compliance with or enforcement of my/our obligations under this Agreement; or (ii) have a material adverse effect on my/our performance or compliance with or enforcement of my/our obligations under this Agreement.

Appears in 1 contract

Samples: Maybank Silver Investment Account Agreement

ACCOUNT OPENING FORMALITIES. 2.1 To open a MGIA, I/we shall at the Bank’s Bank‟s request duly execute and give to the Bank such mandate (if any), specimen signature card and any other document(s) required by the Bank for the operation of the MGIA. Upon the due completion and delivery to the Bank of such documents (in form and substance satisfactory to the Bank) and the processing of the initial purchase order in whatever form that the Bank may prescribe and determine, a Maybank Gold Investment Account Passbook ("the Passbook"Passbook‟) / Maybank Gold Investment Account Statement (”Statement‟) will be issued to me/us to record entries of all transactions through my/our account for my/our reference. 2.2 In establishing a MGIA, I/we represent and warrant that I/we am/are:are (where applicable for individual customer and company respectively): (a) 18 years old or above and am/are not of unsound mindmind (individual customer) or duly incorporated with limited liability under the laws of Malaysia (company); (b) not an undischarged bankruptbankrupt or not a wound up company or no pending winding up petition filed against us; (c) have full rights, power and authority to make purchases and sales of gold and to enter into and exercise my/our rights and perform my/our obligations under this Agreement; (d) the obligations created under this Agreement are valid, legally binding and enforceable against me/us; (e) all actions, conditions and things required to be taken, fulfilled and done (including the obtaining of any necessary consents) in order to enable me/us lawfully to enter into, exercise my/our rights and perform and comply with my/our obligations under this Agreement, to ensure that those obligations are legally binding and enforceable to make this Agreement admissible in evidence have been taken, fulfilled and done; (f) my/our entry into, exercise of my/our rights and/or performance of or compliance with my/our obligations under this Agreement do not and will not violate: : (i) any law to which I/we am/are subject to; or (ii) any of the documents constituting it; or (iii) any other agreement to which I/we am/are party to; (g) no litigation, arbitration or administrative proceeding is current, pending, threatened or anticipated which could: (i) restrain my/our entry into, performance of or compliance with or enforcement of my/our obligations under this Agreement; or (ii) have a material adverse effect on my/our performance or compliance with or enforcement of my/our obligations under this Agreement.

Appears in 1 contract

Samples: Maybank Gold Investment Account Agreement

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ACCOUNT OPENING FORMALITIES. 2.1 To open a MGIA, I/we shall at the Bank’s Bank‟s request duly execute and give to the Bank such mandate (if any), specimen signature card and any other document(s) required by the Bank for the operation of the MGIA. Upon the due completion and delivery to the Bank of such documents (in form and substance satisfactory to the Bank) and the processing of the initial purchase order in whatever form that the Bank may prescribe and determine, a Maybank Gold Investment Account Passbook ("the Passbook"Passbook‟) will be issued to me/us to record entries of all transactions through my/our account for my/our reference. 2.2 In establishing a MGIA, I/we represent and warrant that I/we am/are: (a) 18 years old or above and am/are not of unsound mind; (b) not an undischarged bankrupt; (c) have full rights, power and authority to make purchases and sales of gold and to enter into and exercise my/our rights and perform my/our obligations under this Agreement; (d) the obligations created under this Agreement are valid, legally binding and enforceable against me/us; (e) all actions, conditions and things required to be taken, fulfilled and done (including the obtaining of any necessary consents) in order to enable me/us lawfully to enter into, exercise my/our rights and perform and comply with my/our obligations under this Agreement, to ensure that those obligations are legally binding and enforceable to make this Agreement admissible in evidence have been taken, fulfilled and done; (f) my/our entry into, exercise of my/our rights and/or performance of or compliance with my/our obligations under this Agreement do not and will not violate: (i) any law to which I/we am/are subject to; or (ii) any of the documents constituting it; or (iii) any other agreement to which I/we am/are party to; (g) no litigation, arbitration or administrative proceeding is current, pending, threatened or anticipated which could: (i) restrain my/our entry into, performance of or compliance with or enforcement of my/our obligations under this Agreement; or (ii) have a material adverse effect on my/our performance or compliance with or enforcement of my/our obligations under this Agreement. (h) the parent(s) or the court appointed guardian (s) of the „Minor‟ (individual below 18 years old) and I/we will act as the trustee(s) of the Minor in respect of the MGIA.

Appears in 1 contract

Samples: Maybank Gold Investment Account Agreement

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