Corporate Account. 2.10.1 If an Account is opened in the name of a corporation, the corporate Client shall provide a letter of authorisation (“Authorisation”) on the corporation’s letterhead indicating the names of the authorised representatives who are authorised to operate the Account. The Authorisation shall be accompanied by a certified true copy of a directors’ resolution of the corporate Client approving the issuance of the Authorisation and the appointment of the authorised representatives. Any changes to the authorised representatives must be accompanied by a fresh Authorisation and supported by a certified true copy of a fresh directors’ resolution authorising the issuance of the fresh Authorisation and the new authorised representatives.
2.10.2 uSMART SG shall only act on the Instructions of the authorised representatives as provided above. uSMART SG may rely on such Authorisation issued above and has no obligations to undertake any verification or due diligence in respect of such Authorisation. If there is more than one authorised representative, uSMART SG may act on the Instructions of any one of the authorised representatives.
2.10.3 It is the sole responsibility of the corporate Client to ensure that the persons operating the corporate Account is duly authorised to do so pursuant to the Authorisation. Without prejudice to the foregoing, uSMART SG may at any time (but is not obliged whatsoever to do so) require the corporate Client to reconfirm its authorised representatives in such manner as uSMART XX xxxxx appropriate. The corporate Client acknowledges and agrees that uSMART SG is entitled to decline to act upon any Instructions of any of its authorised representatives without incurring any responsibility for Losses that may be sustained or incurred, whether directly or indirectly, as a result of or in connection with such decision not to act.
Corporate Account. The Customer agrees to provide the relevant resolutions to authorise the opening of the Account and to provide specimen signatures for the operation of the Account. The instructions given by the Customer for the operation of the Account shall remain in force until revoked in writing.
Corporate Account. Shall maintain its primary operating and business bank accounts with Lender.
Corporate Account. Upon the Closing, or upon any draw approved by the Finance Committee pursuant to Section 8.04 under the accelerated Closing set forth in Section 4.1 hereof, the Lender shall deposit the loan proceeds into the Company's corporate bank account (the "Company Account").
Corporate Account a) Definition: Accounts opened for companies, firms, clubs, associations, charity organizations, money exchange houses and similar organizations that are registered in the UAE in their different types. Persons who are duly authorized to sign on behalf of such firms or their legal representatives may operate such accounts.
b) Terms and conditions of opening companies and, similar organizations Accounts:
1. The authorized signatories mentioned in the account opening agreement and their agents who have official powers of attorney may carry out all banking and investment transactions with the Bank in accordance with the powers granted to them under the Memorandum of Association or under the official powers of attorney.
2. The owners of companies / their legal representatives, or organizations indebted to the Bank in any way, undertake to pay all the Bank’s due in accordance with the relevant law.
3. The partners shall notify the Bank promptly of any changes in the memorandum and articles of association of the company/ organization such as change in its Board of Directors, legal form of the company/ organization, any changes in the authorized signatories or otherwise. The Bank shall bear no responsibility in the event of not being notified in writing of any of these changes.
c) Terms and Conditions of association, clubs, and similar organizations Accounts:
1. Submission of a resolution from the Board of Directors specifying the name and capacity of those who have the right to sign and manage the account or any amendments thereto.
2. The account shall be operated pursuant to the terms and conditions to be determined by the Board of Directors of the club or association.
3. Clubs, associations, and similar organizations shall produce the decision of registration of the club, association or similar organization issued and signed by the official competent authority in the UAE upon submission of the application for opening the account.
4. In case of the expiry of the term of the Board of Directors of the club, association and similar organization or the resignation or dismissal of the Board, a letter evidencing the appointment of the Board of Directors or minutes of the general meeting in which the new Board has been appointed to be dully attested by the Ministry of Community Development shall be produced. Such letter or minutes of meeting shall specify the name and capacity of the persons authorized to sign before the Bank on behalf of the club or association and th...
Corporate Account. 15 6.13. DIVIDENDS....................................................................15 6.14. MERGER, SALE, ETC............................................................15 6.15.
Corporate Account a) Definition: Accounts opened for companies, firms, clubs, associations, charity organizations, money exchange houses and similar organizations that are registered in the UAE in their different types. Persons who are duly authorized to sign on behalf of such firms or their legal representatives may operate such accounts.
b) Terms and conditions of opening companies and, similar organizations Accounts:
1. The authorized signatories mentioned in the account opening agreement and their agents who have official powers of attorney may carry out all banking and investment transactions with the Bank in accordance with the powers granted to them under the Memorandum of Association or under the official powers of attorney.
2. The owners of companies/ their legal representatives, or organizations indebted to the Bank in any way, undertake to pay all the Bank’s due in accordance with the relevant law.
3. The partners shall notify the Bank promptly of any changes in the memorandum and articles of association of the company/ organization such as change in its Board of Directors, legal form of the company/ organization, any changes in the authorized signatories or otherwise. The Bank shall bear no responsibility in the event of not being notified in writing of any of these changes.
Corporate Account. Customer represents and warrants that the Corporation is duly organized and in good standing under the laws of its state of incorporation and that trading commodity futures contracts, options on futures contracts and security futures contracts is within the powers granted to it. A copy of the latest audited financial statement, a Letter of Good Standing and the Articles of Incorporation are attached. The undersigned represents that he has full authority to enter into the Account Agreement on behalf of the Corporation and is concurrently furnishing to R.X. X’Xxxxx a Corporate Authorization as prescribed by R.X. X’Xxxxx. Customer also requestsvthat all confirmations of transactions be sent to the business address of the Corporation in care of Dxxxx Xxxxxxx.(Name of individual authorized to receive statements.) 1/22/15 By: /s/ Dxxxx Xxxxxxx Date Little Harbor Multistrategy Composite Fund Title: CFO Name of Corporation
Corporate Account. The IBA Account is a corporate account. This means it is owned and held by a Legal Entity and is opened by a natural person(s) who is duly authorized by the Legal Entity to do so (an “Authorized Representative”). Your Authorized Representatives represent and agree, on your behalf and on their own behalf, that they: -meet the applicable eligibility requirements in Section 2 hereof; -are fully authorized to execute all documents or otherwise complete our requirements in their stated capacity; and -have provided us all documents or other information necessary to demonstrate that authority, and will provide other documents and complete other requirements as we may request from time to time, including appropriate Board of Directors or other corporate resolutions satisfactory to us. By opening an Account, the Authorized Representative represents and warrants on your behalf that you are, and shall at all times continue to be, the sole beneficial owner of the Account and user of all Yield Services facilitated or generated therefrom and that the ultimate beneficial owners of all assets and assets belonging to you are as represented during the establishment of the Account. Fraudulent activity, including any attempt by your Authorized Representative or any other party, to withdraw Digital Assets, Fiat or other assets or funds that you do not own, did not transfer into your Account, or did not purchase, is strictly prohibited.
Corporate Account. (a) A “Corporate Account” refers to an Account that is owned by a corporation, unincorporated association, a company, a partnership, fiduciary, sole proprietorship or other legally recognized groups (interchangeably defined as an “Entity”). An Entity can apply to open a Corporate Account through any natural person(s) who is duly authorized by the Entity to do so (an “Authorized User”). Each Authorized User represents and agrees, on behalf of the Entity, as well as on his or her own behalf, that he or she:
(i) is fully authorized to execute all documents or otherwise complete our requirements in his or her stated capacity;
(ii) has provided us all documents or other information necessary to demonstrate that authority; and
(iii) will provide other documents and complete other requirements as we may request from time to time; We may refuse to recognize any such authorization if, in our reasonable judgment, it appears to be incomplete or improperly executed. By opening a Corporate Account, the Authorized User represents and warrants on behalf of the Entity that the Entity is and shall at all times continue to be the sole beneficial owner of the Account and user of all the Services facilitated or generated therefrom, and that the identities and other information of the ultimate beneficial owners of the Entity are as presented to Stater during the KYC; and The number of Authorized Users that each Entity may maintain is subject to the review and approval of Stater from time to time. The Entity shall be solely responsible for promptly notifing Stater of any change to the identities or other information of its Authorized Users. Stater shall be entitled to rely on any instruction from an Authorized User acting on behalf of the relevant Entity.
