Common use of Application and Commencement Clause in Contracts

Application and Commencement. 3.1. The Agreement shall commence once the Client has been informed about their account being activated. This is, after the Client fills in and submits the Account Opening Application Form and the Company has completed due diligence and satisfied its requirements in terms of ‘Know Your Customer’ or any other procedures. 3.2. The Client accepts that from the date of the notification, they have 15 days to provide the Company with the missing documentation. During such period, the Client is able to deposit a total amount of up to 2,000 (two thousand) in the Account Currency. If the Client provides the missing documentation in due time, the Company shall update the Client´s Account status in a reasonable time and shall inform the Client that the deposit limit has been lifted. If the Client has not provided the missing documentation in due time, on the 15th day, the Company shall close all existing Open Positions (the time of of the closing of the Open Positions is at the discretion of the Company), and all deposited funds must be returned to the Client/beneficial owner, in the same bank account from which they originated. The procedure for returning the funds must occur immediately, regardless of whether the Client has requested the return of their funds or not. The returned funds (deposits) include any profits the Client has gained during their Transactions and deducting any losses incurred. The Company will disable any Access Data that has been given to the Client until such date and terminate the Business Relationship. The timeframe of 15 days commences from the initial contact. The initial contact takes place the moment that the Client either accepts the terms and conditions or makes their first deposit, whichever comes first. If the 15th day is not a Business Day, then the Company shall take the abovementioned actions on the last Business Day previous to the 15th one.

Application and Commencement. 3.1. The Agreement shall commence once the Client has been informed about their account being activated. This is, after the Client fills in and submits the Account Opening Application Form and the Company has completed due diligence and satisfied its requirements in terms of ‘Know Your Customer’ or any other procedures. 3.2. The Client accepts that from the date of the notification, they have 15 10 days to provide the Company with the missing documentation. During such period, the Client is able to deposit a total amount of up to 2,000 (two thousand) in the Account Currency. If the Client provides the missing documentation in due time, the Company shall update the Client´s Account status in a reasonable time and shall inform the Client that the deposit limit has been lifted. If the Client has not provided the missing documentation in due time, on the 15th 10th day, the Company shall close all existing Open Positions (the time of of the closing of the Open Positions is at the discretion of the Company), and all deposited funds must be returned to the Client/beneficial owner, in the same bank account from which they originated. The procedure for returning the funds must occur immediately, regardless of whether the Client has requested the return of their funds or not. The returned funds (deposits) include any profits the Client has gained during their Transactions and deducting any losses incurred. The Company will disable any Access Data that has been given to the Client until such date and terminate the Business Relationship. The timeframe of 15 10 days commences from the initial contact. The initial contact takes place the moment that the Client either accepts the terms and conditions or makes their first deposit, whichever comes first. If the 15th 10th day is not a Business Day, then the Company shall take the abovementioned actions on the last Business Day previous to the 15th 10th one.

Application and Commencement. 3.1. The Agreement shall commence once the Client has been informed about their account being activated. This is, after the Client fills in and submits the Account Opening Application Form and the Company has completed due diligence and satisfied its requirements in terms of ‘Know Your CustomerKnow­Your­Customer’ or any other procedures. 3.2. The Client accepts that from the date of the notification, they have 15 days to provide the Company with the missing documentation. During such period, the Client is able to deposit a total amount of up to 2,000 (two thousand) in the Account Currency. If the Client provides the missing documentation in due time, the Company shall update the Client´s Account status in a reasonable time and shall inform the Client that the deposit limit has been lifted. If the Client has not provided the missing documentation in due time, on the 15th day, the Company shall close all existing Open Positions (the time of of the closing of the Open Positions is at the discretion of the Company), and all deposited funds must be returned to the Client/beneficial owner, in the same bank account from which they originated. The procedure for returning the funds must occur immediately, regardless of whether the Client has requested the return of their funds or not. The returned funds (deposits) include any profits the Client has gained during their Transactions and deducting any losses incurred. The Company will disable any Access Data that has been given to the Client until such date and terminate the Business Relationship. The timeframe of 15 days commences from the initial contact. The initial contact takes place the moment that the Client either accepts the terms and conditions or makes their first deposit, whichever comes first. If the 15th day is not a Business Day, then the Company shall take the abovementioned actions on the last Business Day previous to the 15th one.