Commencement, Termination and Results of Termination. 24.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him. 24.2. The Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into immediate effect by giving written notice. The Client may terminate this agreement by giving at least 5 business days written notice to the Company. 24.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder. 24.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement. 24.5. Once notice of termination of this Agreement is sent and before the termination date: (a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices; (b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s); (c) the Company will be entitled to refuse to accept new Orders from the Client; (d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement. 24.6. Upon Termination any or all the following may apply: (a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances; (b) The Company has the right to close the Trading Account(s); (c) The Company has the right to convert any currency in the Trading Accounts; (d) The Company has the right to close out the Client’s Open Positions; (e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 10 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) : the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) ; the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) ; the Company will be entitled to refuse to accept new Orders from the Client;
(d) ; the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) : The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) ; The Company has the right to close the Trading Account(s);
(c) ; The Company has the right to convert any currency in the Trading Accounts;
(d) ; The Company has the right to close out the Client’s Open Positions;
(e) ; In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 6 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven (7) Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) a. the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) b. the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) c. the Company will be entitled to refuse to accept new Orders from the Client;
(d) d. the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) a. The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) b. The Company has the right to close the Trading Account(s);
(c) c. The Company has the right to convert any currency in the Trading Accounts;
(d) d. The Company has the right to close out the Client’s Open Positions;
(e) e. In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 5 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Commencement, Termination and Results of Termination. 24.1. 29.1 The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.2. The 29.2 Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven (7) Business Days Written Notice to the Company.
24.3. 29.3 Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.4. 29.4 Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.5. 29.5 Once notice of termination of this Agreement is sent and before the termination date:
(a) a. the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) b. the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) c. the Company will be entitled to refuse to accept new Orders from the Client;
(d) d. the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.6. 29.6 Upon Termination any or all the following may apply:
(a) a. The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) b. The Company has the right to close the Trading Account(s);
(c) c. The Company has the right to convert any currency in the Trading Accounts;
(d) d. The Company has the right to close out the Client’s Open Positions;
(e) e. In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favourfavor, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 4 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven (7) Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) : ● the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) ; ● the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) ; ● the Company will be entitled to refuse to accept new Orders from the Client;
(d) ; ● the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) : ● The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) ; ● The Company has the right to close the Trading Account(s);
(c) ; ● The Company has the right to convert any currency in the Trading Accounts;
(d) ; ● The Company has the right to close out the Client’s Open Positions;
(e) ; ● In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 4 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven (7) Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) : ● the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) . ● the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) . ● the Company will be entitled to refuse to accept new Orders from the Client;
(d) . ● the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) : ● The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) . ● The Company has the right to close the Trading Account(s);
(c) ; ● The Company has the right to convert any currency in the Trading Accounts;
(d) . ● The Company has the right to close out the Client’s Open Positions;
(e) . ● In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 3 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Commencement, Termination and Results of Termination. 24.125.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.225.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least five Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.325.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.425.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.525.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.625.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 3 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least five Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 3 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Commencement, Termination and Results of Termination. 24.122.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.222.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.322.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.422.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.522.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.622.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail and/or back to the address recorded in his Registration Datasame source of deposit. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Commencement, Termination and Results of Termination. 24.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least five Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Commencement, Termination and Results of Termination. 24.125.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.225.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least five Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.325.3. Termination by any byany Party will not affect any obligation notaffect anyobligation which has already hasalready been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.425.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.525.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current atcurrent prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.625.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those BalancesandtosetoffthoseBalances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amountsandanyCustodiantoalsopayanyapplicableamounts. Such funds shall Suchfundsshall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Commencement, Termination and Results of Termination. 24.125.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.225.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticea Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.325.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.425.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.525.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.625.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Commencement, Termination and Results of Termination. 24.120.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.220.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least five Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.320.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.420.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.520.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.620.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.123.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.223.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.323.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.423.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.523.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.623.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail and/or back to the address recorded in his Registration Datasame source of deposit. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven (7) Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) : • the Client will have an obligation to close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) ; • the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) ; • the Company will be entitled to refuse to accept new Orders from the Client;
(d) . • the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or and/ or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) : • The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) . • The Company has the right to close the Trading Account(s);
(c) . • The Company has the right to convert any currency in the Trading Accounts;
(d) . • The Company has the right to close out the Client’s Open Positions;
(e) . • In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favourfavor, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect affect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least five Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven (7) Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) : ● the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) ; ● the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) ; ● the Company will be entitled to refuse to accept new Orders from the Client;
(d) . ● the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) : ● The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) . ● The Company has the right to close the Trading Account(s);
(c) . ● The Company has the right to convert any currency in the Trading Accounts;
(d) . ● The Company has the right to close out the Client’s Open Positions;
(e) . ● In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.5. 26.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Clients’ Agreement
Commencement, Termination and Results of Termination. 24.122.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.2. The Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into Agreement with immediate effect by giving written noticeat least seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.322.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.422.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.522.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.622.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail and/or back to the address recorded in his Registration Datasame source of deposit. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.125.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.225.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.325.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.4. Authorised and regulated by the Cyprus Securities and Exchange Commission under License number 343/17 25.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.525.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.625.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail and/or back to the address recorded in his Registration Datasame source of deposit. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by sentby the Company informing the Client that he he/she has been accepted as the Company’s Client or that a thata Trading Account has been opened for him.
24.2. The Company may at any time at its sole discretion exercise its right to terminate or restrict your access Both parties to the trading platform at any time. Termination of the agreement will come into immediate effect Agreement can terminate this Agreement by giving written notice. The Client may terminate this agreement by giving at least 5 business days written such notice in Writing to the Companyother Party.
24.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.4. Upon termination of this the Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.5. The Company, under the terms and conditions of this Agreement, reserves the right at its absolute discretion, to disable the Client’s account without prior notice in case it places abnormal number of erroneous requests which creates an extra-load to the Company’s servers and can cause negative trading experience to the other clients of the respective servers. Erroneous requests may include but not limited to invalid stops or modifications, wrong TP or SL, over limit volume or number of orders, requests with not enough account funds and others
24.6. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he he/she fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Trading Platform(s) or may ormay limit the functionalities the Client is allowed to use on the Trading Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the The Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.624.7. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances balances in such Trading Accounts and to set off those Balancesbalances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from instructionsfrom the relevant authorities, if there is Balance balance in the Client’s favourfavor, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance balance was arrived at and, where appropriate, instruct any Nominee nominee or/and any Custodian custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions instructions to the Client. It is understood that the Company will effect efect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions instructions, or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his tohis bank account as notified to us or by way of a check cheque sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company Company having no liability towards the Client for any lost moneymoney in this instance.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.133.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.233.2. Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may terminate this Agreement by giving at least five (5) Business Days Written Notice to the Client. The Company may at any time at its sole discretion exercise its Client shall have the right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written notice. The Client may terminate this agreement by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.333.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement Agreement, or any Transactions made hereunder.
24.433.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.533.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) 33.5.1. the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) 33.5.2. the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) 33.5.3. the Company will be entitled to refuse to accept new Orders from the Client;
(d) 33.5.4. the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.633.6. Upon Termination any or all the following may apply:
(a) 33.6.1. The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) 33.6.2. The Company has the right to close the Trading Account(s);
(c) 33.6.3. The Company has the right to convert any currency in the Trading Accounts;
(d) 33.6.4. The Company has the right to close out the Client’s Open Positions;
(e) 33.6.5. In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to with the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions instructions, or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.128.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.228.2. The Client relationship shall remain in force until terminated.
28.3. Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least two (2) months’ notice where Client are using the Trading Platform for Private use and with one (1) months’ notice where Client are using the Trading Platform for Commercial use.
28.4. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice to the Company.
24.328.5. The Company will provide the notice to the Client on a Durable Medium.
28.6. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.428.7. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.528.8. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.628.9. Upon Termination Termination, any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;; Exclusive Change Capital Ltd is licensed and regulated by Cyprus securities and Exchange Commission (CySEC) under license number: CIF 330/17 Address: 00 Xxxxx Xxxxxx, Xxxxxx X0, Xxxxxxxx, 0000 Xxxxxxxx, Xxxxxx Tel: +000 00 000000 Fax: +000 00 000000 email: xxxx@xxxxxxxxxxxxxxxx.xxx
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.125.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.225.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.325.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.425.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.525.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.625.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail and/or back to the address recorded in his Registration Datasame source of deposit. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he he/she has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.2. The Company may at any time at its sole discretion exercise its right to terminate or restrict your access Both parties to the trading platform at any time. Termination of the agreement will come into immediate effect Agreement can terminate this Agreement by giving written notice. The Client may terminate this agreement by giving at least 5 business days written such notice in Writing to the Companyother Party.
24.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.4. Upon termination of this the Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.5. The Company, under the terms and conditions of this Agreement, reserves the right at its absolute discretion, to disable the Client’s account without prior notice in case it places abnormal number of erroneous requests which creates an extra-load to the Company’s servers and can cause negative trading experience to the other clients of the respective servers. Erroneous requests may include but not limited to invalid stops or modifications, wrong TP or SL, over limit volume or number of orders, requests with not enough account funds and others
24.6. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he he/she fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Trading Platform(s) or may limit the functionalities the Client is allowed to use on the Trading Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the The Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.624.7. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances balances in such Trading Accounts and to set off those Balancesbalances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance balance in the Client’s favourfavor, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance balance was arrived at and, where appropriate, instruct any Nominee nominee or/and any Custodian custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions instructions, or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his tohis bank account as notified to us or by way of a check cheque sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company Company having no liability towards the Client for any lost moneymoney in this instance.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.1
25.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.225.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.325.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.425.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.525.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.625.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail and/or back to the address recorded in his Registration Datasame source of deposit. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Com pany's Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Companys rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.326.3. Termination by any Party will Will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will Will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(: a) the Client will Will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will Will close any Open Positions at current prices;
(; b) the Company will Will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.2. The Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into immediate effect by giving written notice. The Client may terminate this agreement by giving at least 5 business days written notice to the Company.
24.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement Agreement, or any Transactions made hereunder.
24.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect affect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions instructions, or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) : • the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) ; • the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) ; • the Company will be entitled to refuse to accept new Orders from the Client;
(d) ; • the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) : • The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) ; • The Company has the right to close the Trading Account(s);
(c) ; • The Company has the right to convert any currency in the Trading Accounts;
(d) ; • The Company has the right to close out the Client’s Open Positions;
(e) ; • In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.122.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.222.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.322.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.422.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.522.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.622.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favourfavor, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail and/or back to the address recorded in his Registration Datasame source of deposit. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least five (5) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) terminationdate: • the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) currentprices; • the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) ; • the Company will be entitled to refuse to accept new Orders from the Client;
(d) ; • the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) : • The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) ; • The Company has the right to close the Trading Account(s);
(c) ; • The Company has the right to convert any currency in the Trading Accounts;
(d) ; • The Company has the right to close out the Client’s Open Positions;
(e) ; • In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.123.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.223.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least 7 seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice 7 seven Business Days Written Notice to the Company.
24.323.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.423.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.523.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.623.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail and/or back to the address recorded in his Registration Datasame source of deposit. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.1. 30.1 The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.2. The 30.2 Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven (7) Business Days Written Notice to the Company.
24.3. 30.3 Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.4. 30.4 Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.5. 30.5 Once notice of termination of this Agreement is sent and before the termination date:
(a) a. the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) b. the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) c. the Company will be entitled to refuse to accept new Orders from the Client;
(d) d. the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.6. 30.6 Upon Termination any or all the following may apply:
(a) a. The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) b. The Company has the right to close the Trading Account(s);
(c) c. The Company has the right to convert any currency in the Trading Accounts;
(d) d. The Company has the right to close out the Client’s Open Positions;
(e) e. In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favourfavor, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agr immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) : B the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) ; B the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) ; B the Company will be entitled to refuse to accept new Orders from the Client;
(d) ; B the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) mayapply: B The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) ; B The Company has the right to close the Trading Account(s);
(c) ; B The Company has the right to convert any currency in the Trading Accounts;
(d) ; B The Company has the right to righPotsitiotns;o close out the Client’s Open Positions;
(e) B In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers th appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to Clie update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he he/she has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.2. The Company may at any time at its sole discretion exercise its right to terminate or restrict your access Both parties to the trading platform at any time. Termination of the agreement will come into immediate effect Agreement can terminate this Agreement by giving written notice. The Client may terminate this agreement by giving at least 5 business days written such notice in Writing to the Companyother Party.
24.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.4. Upon termination of this the Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.5. The Company, under the terms and conditions of this Agreement, reserves the right at its absolute discretion, to disable the Client’s account without prior notice in case it places abnormal number of erroneous requests which creates an extra-load to the Company’s servers and can cause negative trading experience to the other clients of the respective servers. Erroneous requests may include but not limited to invalid stops or modifications, wrong TP or SL, over limit volume or number of orders, requests with not enough account funds and others
24.6. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he he/she fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Trading Platform(s) or may limit the functionalities the Client is allowed to use on the Trading Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the The Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.624.7. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances balances in such Trading Accounts and to set off those Balancesbalances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance balance in the Client’s favourfavor, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance balance was arrived at and, where appropriate, instruct any Nominee instructany nominee or/and any Custodian custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions instructions, or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check cheque sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company Company having no liability towards the Client for any lost moneymoney in this instance.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.1
29.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.229.2. The Client relationship shall remain in force until terminated.
29.3. Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least two (2) months’ notice where Client are using the Trading Platform for Private use and with one (1) months’ notice where Client are using the Trading Platform for Commercial use.
29.4. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice to the Company.
24.329.5. The Company will provide the notice to the Client on a Durable Medium.
29.6. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.429.7. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.529.8. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.629.9. Upon Termination Termination, any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination.
24.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.2. The Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into immediate effect by giving written notice. The Client may terminate this agreement by giving at least 5 business days written notice to the Company.
24.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven (7) Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) : ● the Client will have an obligation to close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) ; ● the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) ; ● the Company will be entitled to refuse to accept new Orders from the Client;
(d) ; the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) : ● The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) ; ● The Company has the right to close the Trading Account(s);
(c) ● The Company has the right to convert any currency in the Trading Accounts;
(d) Accounts ● The Company has the right to close out the Client’s Open Positions;
(e) Positions ● In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favourfavor, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect affect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may terminate this agreement by giving at least 5 business days written notice to the Company.Client
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) : • the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) ; • the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) ; • the Company will be entitled to refuse to accept new Orders from the Client;
(d) ; • the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) : • The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) ; • The Company has the right to close the Trading Account(s);
(c) ; • The Company has the right to convert any currency in the Trading Accounts;
(d) ; • The Company has the right to close out the Client’s Open Positions;
(e) ; • In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favour, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.to
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.1. 26.1 The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.2. The 26.2 Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.3. 26.3 Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.4. 26.4 Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.5. 26.5 Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Trad- ing Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.6. 26.6 Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate xxxxxxx- date the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions instruc- tions from the relevant authorities, if there is Balance in the Client’s favourfavor, the Company will (after withholding such amounts that in the Company’s absolute discretion considers consid- ers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.Balance
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.126.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.226.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.326.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.426.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.526.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.626.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;
(d) The Company has the right to close out the Client’s Open Positions;
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions instruc- tions from the relevant authorities, if there is Balance in the Client’s favourfavor, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably rea- sonably practicable and supply him with a statement showing how that Balance was arrived ar- rived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions In- structions to the Client. It is understood that the Company will effect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility re- sponsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.1. 30.1 The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.2. The 30.2 Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least seven (7) Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven (7) Business Days Written Notice to the Company.
24.3. 30.3 Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement or any Transactions made hereunder.
24.4. 30.4 Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.5. 30.5 Once notice of termination of this Agreement is sent and before the termination date:
(a) a. the Client will have an obligation to close all his Open Positions. If he fails to do so, upon termination, the Company will close willclose any Open Positions at current prices;
(b) b. the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) c. the Company will be entitled to refuse to accept new Orders from the Client;
(d) d. the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.6. 30.6 Upon Termination any or all the following may apply:
(a) a. The Company has the right to combine any Trading Client Accounts of the Client, to consolidate the Balances in such Trading Client Accounts and to set off those Balances;
(b) b. The Company has the right to close the Trading Account(s);
(c) c. The Company has the right to convert any currency in the Trading Accounts;
(d) d. The Company has the right to close out the Client’s Open Positions;
(e) e. In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favourfavor, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to the Client’s Instructions to the Client. It is understood that the Company will effect affect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty affect third party payments. In the event that the Client fails to provide instructions or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
30.7 As per the Article 11 of the Financial Services Distance to Consumers Law of 2004 (Law 242 (I) / 2004), it is provided that due to the Company's nature of business, it is exempted from the obligation to provide its Clients with practical instructions for exercising the right of withdrawal from their contractual obligations and/or apply and/or exercise such provisions. Nevertheless, the Client has the right to terminate the agreement in accordance with articles 30.1 to 30.6.
Appears in 1 contract
Samples: Client Agreement
Commencement, Termination and Results of Termination. 24.125.1. The Agreement shall take effect and commence upon the receipt by the Client of a notice sent by the Company informing the Client that he has been accepted as the Company’s Client or that a Trading Account has been opened for him.
24.225.2. The Without prejudice to the Company’s rights under this Agreement to terminate it immediately without prior notice to the Client, the Company may at any time at its sole discretion exercise its right to terminate or restrict your access to the trading platform at any time. Termination of the agreement will come into this Agreement with immediate effect by giving written noticeat least five Business Days Written Notice to the Client. The Client may shall have the right to terminate this agreement Agreement with immediate effect by giving at least 5 business days written notice seven Business Days Written Notice to the Company.
24.325.3. Termination by any Party will not affect any obligation which has already been incurred by either Party or any legal rights or obligations which may already have arisen under the Agreement Agreement, or any Transactions made hereunder.
24.425.4. Upon termination of this Agreement, all amounts payable by the Client to the Company will become immediately due and payable including (but without limitation) all outstanding costs and any other amounts payable to the Company, any charges and additional expenses incurred or to be incurred by the Company as a result of the termination of the Agreement.
24.525.5. Once notice of termination of this Agreement is sent and before the termination date:
(a) the Client will have an obligation close all his Open Positions. If he fails to do so, upon termination, the Company will close any Open Positions at current prices;.
(b) the Company will be entitled to cease to grant the Client access to the Platform(s) or may limit the functionalities the Client is allowed to use on the Platform(s);
(c) the Company will be entitled to refuse to accept new Orders from the Client;.
(d) the Company will be entitled to refuse to the Client to withdraw money from the Trading Account and the Company reserves the right to keep Client’s funds as necessary to close positions which have already been opened and/or pay any pending obligations of the Client under the Agreement.
24.625.6. Upon Termination any or all the following may apply:
(a) The Company has the right to combine any Trading Accounts of the Client, to consolidate the Balances in such Trading Accounts and to set off those Balances;.
(b) The Company has the right to close the Trading Account(s);
(c) The Company has the right to convert any currency in the Trading Accounts;.
(d) The Company has the right to close out the Client’s Open Positions;.
(e) In absence of illegal activity or suspected illegal activity or fraud of the Client or instructions from the relevant authorities, if there is Balance in the Client’s favourfavor, the Company will (after withholding such amounts that in the Company’s absolute discretion considers appropriate in respect of future liabilities) pay such Balance to the Client as soon as reasonably practicable and supply him with a statement showing how that Balance was arrived at and, where appropriate, instruct any Nominee or/and any Custodian to also pay any applicable amounts. Such funds shall be delivered in accordance to with the Client’s Instructions to the Client. It is understood that the Company will effect affect payments only to an account in the name of the Client. The Company has the right to refuse, at its discretion, to effect thirty party payments. In the event that the Client fails to provide instructions instructions, or the Client cannot be reached at his last known address, the Company shall forward such funds (at its sole discretion) directly to his bank account as notified to us or by way of a check sent by mail to the address recorded in his Registration Data. It is the Client’s responsibility to update his Registration Data, the company having no liability towards the Client for any lost money.
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Samples: Client Agreement
