Common use of CLIENT’S REPRESENTATIVES Clause in Contracts

CLIENT’S REPRESENTATIVES. 5.1. The Client submits to the Manager information about the Client’s Representatives authorised to submit the Client’s Orders to the Manager. For registration of the Client’s Representatives the Client uses the standard form approved by the Manager. 5.2. The Client is bound by any of the Client’s Orders submitted by the Client’s Representatives. The Manager is not liable for any loss or damage incurred by the Client due to the actions of the Client’s Representatives. The Client is fully liable to the Manager for the actions of the Client’s Representatives. 5.3. As a sample of handwritten signature of the Client’s Representative the Manager uses the signature image on the Client Representative’s identity document the copy of which is at the Manager’s disposal. If the Manager holds copies of several identity documents of the Client’s Representative bearing a signature image, the Manager is entitled to use any of them at its own discretion. 5.4. As an exception to Clause 5.3 of the Terms and Conditions, if in respect of the Client’s Representative either the Signature Sample Card of Client’s Representative” (Private individual) or Signature and Seal Sample Card (сorporate entity) submitted earlier are valid, the Manager is entitled to be guided by the signature sample of the Client’s Representative which was specified in these documents. 5.5. The authorisation of the Client’s Representatives has legal power until the Manager is duly informed about the cancellation of the authorisation of the Client’s Representatives in writing. The Client is obliged to make sure that the Manager has received a notice on the cancellation of the authorisation of the Client’s Representatives. The Manager is entitled, but is not obliged, to check the validity of the authorisation of the Client’s Representatives in public registers, official journals or other information sources. 5.6. If the Client authorises a new Client’s Representative, the Client must duly process a new Client Representative’s Registration Card and notify the Manager on whether the previously authorised Client Representative is still authorised to represent the Client or this Client’s Representative is no more entitled to act on behalf of the Client. The Manager is not liable for losses the Client may incur not complying with the provisions of this Clause. 5.7. When the composition and/or the extent of powers of the Client’s Representatives change, the Manager is entitled to contact the Client and request additional information and documents from the Client. Until the receipt of the requested information and documents, the Manager is entitled not to execute Orders of the Client’s Representatives. If contradictory or suspicious information or documents are received, the Manager is entitled, for the purposes of protection of its interests and prevention of the Manager’s Losses, in addition to its other rights stipulated in the Terms and Conditions not to accept the Client’s Orders until the final clarification of the circumstances. The Manager is not liable for consequences of the above-mentioned suspension of transactions and access restrictions. 5.8. The Client undertakes to inform the Manager about all changes in the status and/or authorisation of the Client’s Representatives in writing not later than on the following Working Day after such changes take place. The Client is liable for the losses the Parties may incur as a result of the non-compliance with the conditions of this Clause of the Terms and Conditions. 5.9. The Client shall be liable for any losses incurred due to the civil incapacity of the Client and/or the Client's Representative, unless the Manager was notified in writing in advance of the above fact. 5.10. The Manager is not responsible for possible forgery of documents or insufficient, incorrect or incomplete presentation and/or translation thereof.

CLIENT’S REPRESENTATIVES. 5.13.1. The Client submits to enters into legal relations with the Manager information about Bank directly or trough Client’s Representatives. 3.2. The Client’s Representatives enter into legal relations with the Bank acting for and on behalf of the Client and create rights and obligations for the Client. 3.3. It is the extent and framework of representation and authorisation which entitles the Client’s Representatives authorised to submit enter into relations with the Bank for and on behalf of the Client’s Orders to the Manager. For registration Activities of the Client’s Representatives are binding to the Client uses as if the standard form approved by the Manager. 5.2Client has performed them himself/herself. The Bank is not liable for damages inflicted on the Client is bound by any of the Client’s Orders submitted by the Client’s Representatives. The Manager is not liable for any loss or damage incurred by the Client due incurs full liability to the actions of the Client’s Representatives. The Client is fully liable to the Manager Bank for the actions activities of the Client’s Representatives. 5.33.4. As a sample of handwritten signature Rights and authorisation of the Client’s Representative Representatives have to be Duly Certified according to the Manager uses legislation of the Republic of Latvia and the internal regulatory framework of the Bank. 3.5. The Client submits signature image on the Client Representative’s identity document the copy of which is at the Manager’s disposal. If the Manager holds copies of several identity documents samples of the Client’s Representative bearing Representatives on appropriate forms of the Bank Duly Certified by an officer or a signature image, partner of the Manager is entitled to use any of them at its own discretionBank. 5.43.6. As an exception to Clause 5.3 of the Terms and Conditions, if in respect If signature samples of the Client’s Representative either the Signature Sample Card of Client’s Representative” (Private individual) Representatives are not certified or Signature and Seal Sample Card (сorporate entity) submitted earlier are validcertified improperly, the Manager Bank is entitled to be guided by the signature sample of refuse to accept Orders from the Client’s Representative which was specified in these documentsRepresentatives for execution. 5.53.7. The authorisation of the Client’s Representatives has legal power in respect to the Agreement until the Manager is Bank will not be duly informed about the cancellation of the their authorisation of the Client’s Representatives in writing. The Client is obliged obligated to make sure that the Manager Bank has received a notice on the cancellation of the authorisation of the Client’s Representatives’ authorisation. The Manager Bank is entitled, entitled but is not obliged, required to check the validity of the authorisation of the Client’s Representatives in public registers, official journals or and other information sources. 5.6. If the Client authorises a new Client’s Representative, the Client must duly process a new Client Representative’s Registration Card and notify the Manager on whether the previously authorised Client Representative is still authorised to represent the Client or this Client’s Representative is no more entitled to act on behalf of the Client. The Manager is not liable for losses the Client may incur not complying with the provisions of this Clause. 5.73.8. When the composition and/or the extent of powers membership of the Client’s Representatives changechanges, the Manager Bank is entitled to contact the Client and request additional information and documents from about the substitution of the Client’s Representative. Until the receipt of the requested information and documents, the Manager Bank is entitled not to execute accept Orders of from the removable or new Client’s Representatives. If contradictory or suspicious information or documents are received, the Manager is entitled, for the purposes of protection of its interests and prevention of the Manager’s Losses, in addition to its other rights stipulated in the Terms and Conditions not to accept the Client’s Orders until the final clarification of the circumstances. The Manager is not liable for consequences of the above-mentioned suspension of transactions and access restrictions. 5.83.9. The Client undertakes to inform the Manager Bank about all changes in the status and/or authorisation of the Client’s Representatives in writing not later than on the following Working Day after such changes take placewriting. The Client is liable for the losses damages the Parties may incur suffer as a result of the non-compliance with the conditions of failure to meet this Clause of the Terms and Conditions. 5.93.10. The Client shall be liable incurs liability for any losses incurred damages suffered due to the civil incapacity of the Client and/or the Client's ’s Representative, unless if the Manager was Bank has not been notified about this incapacity in writing due time in advance of the above factwriting. 5.10. The Manager is not responsible for possible forgery of documents or insufficient, incorrect or incomplete presentation and/or translation thereof.