Decline of Client’s Orders. 9.1. Without prejudice to any other provisions herein, the Client understands, and agrees herewith that the Company has the right and is entitled, at any time and at its discretion, without giving any notice and/or explanation, to refuse at its discretion to transmit or execute any Order, to restrict the Client’s trading activity, to cancel Client’s Orders, to refuse to execute any Order of the Client, and the Client has no right to claim any damages, specific performance or compensation whatsoever from the Company, in any of the following cases: a. whenever the Company deems that the Order aims at or may aim at manipulating the market of the Securities or any other Financial Instruments, constitutes an abusive exploitation of privileged confidential information (insider dealing), or contributes to the legislation of proceeds from illegal acts or activities (money laundering), or affects or may affect in any manner the reliability or smooth operation of its Platform(s); b. whenever there are no available cleared funds deposited with the Company and/or in the Nominated Bank Account to pay all the charges relating to the said Order. In calculating the said available funds, all funds required to meet any of the Client obligations include, but without limitation, obligations which may arise from the possible execution of other previously registered purchase Orders, which will be deducted from the cleared funds deposited with the Company and/or in the Nominated Bank Account; it is understood that any refusal by the Company to transmit or execute any Order shall not affect any obligation, which the Client may have towards the Company or any right which the Company may have against the Client; c. where the Company suspects that the Client is engaged in money laundering activities or terrorist financing or tax offences and/or other criminal acts; d. internet connection or communications are disrupted; e. consequence of request of regulatory or supervisory authorities of Cyprus or a court order or antifraud or anti-money laundering authorities; f. where the legality or genuineness of the Order is under doubt; g. in consequence of lawful claims or requirements of corresponding organized trading platforms, Affiliates of the Parties, as well as in consequence of lawful claims of third parties; h. the Client has failed to meet a Margin Call of the Company; i. the Company received from the Client the notice of Termination of this Agreement; j. a Force Majeure Event has occurred; k. in an Event of Default of the Client; l. under Abnormal Market Conditions; m. the Company has sent a notice of Termination of this Agreement to the Client; n. it is impossible to proceed with the Order due to condition of the market, customs of a trading volume. 9.2. The Client understands, accepts, agrees and declares herewith that they shall not knowingly give any Order or instructions to the Company which might instigate the Company taking action in relation to paragraph above herein. 9.3. The Client acknowledges understands, accepts, and agrees herewith that the Company may refuse to accept any order from a Client in its absolute discretion and/or having accepted any order may decline to execute it, and shall not be obliged to give the Client any justification and/or reason for doing so.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Decline of Client’s Orders. 9.1. Without prejudice to any other provisions herein, the Client understands, and agrees herewith that the Company has the right and is entitled, at any time and at its discretion, without giving any notice and/or explanation, to refuse at its discretion to transmit or execute any Order, to restrict the Client’s trading activity, to cancel Client’s Orders, to refuse to execute any Order of the Client, and the Client has no right to claim any damages, specific performance or compensation whatsoever from the Company, in any of the following cases:
a. whenever the Company deems that the Order aims at or may aim at manipulating the market of the Securities or any other Financial Instruments, constitutes an abusive exploitation of privileged confidential information (insider dealing), or contributes to the legislation of proceeds from illegal acts or activities (money laundering), or affects or may affect in any manner the reliability or smooth operation of its Platform(s);
b. whenever there are no available cleared funds deposited with the Company and/or in the Nominated Bank Account to pay all the charges relating to the said Order. In calculating the said available funds, all funds required to meet any of the Client obligations include, but without limitation, obligations which may arise from the possible execution of other previously registered purchase Orders, which will be deducted from the cleared funds deposited with the Company and/or in the Nominated Bank Account; it is understood that any refusal by the Company to transmit or execute any Order shall not affect any obligation, which the Client may have towards the Company or any right which the Company may have against the Client;
c. where the Company suspects that the Client is engaged in money laundering activities or terrorist financing or tax offences and/or other criminal acts;
d. internet connection or communications are disrupted;
e. consequence of request of regulatory or supervisory authorities of Cyprus or a court order or antifraud or anti-money laundering authorities;
f. where the legality or genuineness of the Order is under doubt;
g. in consequence of lawful claims or requirements of corresponding organized trading platforms, Affiliates of the Parties, as well as in consequence of lawful claims of third parties;
h. the Client has failed to meet a Margin Call of the Company;
i. the Company received from the Client the notice of Termination of this Agreement;
j. a Force Majeure Event has occurred;
k. in an Event of Default of the Client;
l. under Abnormal Market Conditions; m. the Company has sent a notice of Termination of this Agreement to the Client;
n. it is impossible to proceed with the Order due to condition of the market, customs of a trading volume.
9.2. The Client understands, accepts, agrees and declares herewith that they shall not knowingly give any Order or instructions to the Company which might instigate the Company taking action in relation to paragraph above herein.
9.3. The Client acknowledges understands, accepts, and agrees herewith that the Company may refuse to accept any order from a Client in its absolute discretion and/or having accepted any order may decline to execute it, and shall not be obliged to give the Client any justification and/or reason for doing so.
Appears in 1 contract
Samples: Client Agreement
Decline of Client’s Orders. 9.1. Without prejudice to any other provisions herein, the Client understands, and agrees herewith that the Company has the right and is entitled, at any time and at its discretion, without giving any notice and/or explanation, to refuse at its discretion to transmit or execute any Order, to restrict the Client’s trading activity, to cancel Client’s Orders, to refuse to execute any Order of the Client, and the Client has no right to claim any damages, specific performance or compensation whatsoever from the Company, in any of the following cases:
a. whenever the Company deems that the Order aims at or may aim at manipulating the market of the Securities or any other Financial Instruments, constitutes an abusive exploitation of privileged confidential information (insider dealing), or contributes to the legislation of proceeds from illegal acts or activities (money laundering), or affects or may affect in any manner the reliability or smooth operation of its Platform(s);
b. whenever Whenever there are no available cleared funds deposited with the Company and/or in the Nominated Bank Account to pay all the charges relating to the said Order. In calculating the said available funds, all funds required to meet any of the Client obligations include, but without limitation, obligations which may arise from the possible execution of other previously registered purchase Orders, which will be deducted from the cleared funds deposited with the Company and/or in the Nominated Bank Account; it is understood that any refusal by the Company to transmit or execute any Order shall not affect any obligation, which the Client may have towards the Company or any right which the Company may have against the Client;
c. where the Company suspects that the Client is engaged in money laundering activities or terrorist financing or tax offences and/or other criminal acts;
d. internet connection or communications are disrupted;
e. consequence of request of regulatory or supervisory authorities of Cyprus or a court order or antifraud or anti-money laundering authorities;
f. where the legality or genuineness of the Order is under doubt;
g. in consequence of lawful claims or requirements of corresponding organized trading platforms, Affiliates of the Parties, as well as in consequence of lawful claims of third parties;
h. the Client has failed to meet a Margin Call of the Company;
i. the Company received from the Client the notice of Termination of this Agreement;
j. a Force Majeure Event has occurred;
k. in an Event of Default of the Client;
l. under Abnormal Market Conditions; m. the Company has sent a notice of Termination of this Agreement to the Client;
n. it is impossible to proceed with the Order due to condition of the market, customs of a trading volume.
9.2. The Client understands, accepts, agrees and declares herewith that they shall not knowingly give any Order or instructions to the Company which might instigate the Company taking action in relation to paragraph above herein.
9.3. The Client acknowledges understands, accepts, and agrees herewith that the Company may refuse to accept any order from a Client in its absolute discretion and/or having accepted any order may decline to execute it, and shall not be obliged to give the Client any justification and/or reason for doing so.
Appears in 1 contract
Samples: Client Agreement
Decline of Client’s Orders. 9.1. Without prejudice to any other provisions herein, the Client understands, and agrees herewith that the Company has the right and is entitled, at any time and at its discretion, without giving any notice and/or explanation, to refuse at its discretion to transmit or execute any Order, to restrict the Client’s trading activity, to cancel Client’s Orders, to refuse to execute any Order of the Client, and the Client has no right to claim any damages, specific performance or compensation whatsoever from the Company, in any of the following cases:
a. a) whenever the Company deems that the Order aims at or may aim at manipulating the market of the Securities or any other Financial Instruments, constitutes an abusive exploitation of privileged confidential information (insider dealing), or contributes to the legislation of proceeds from illegal acts or activities (money laundering), or affects or may affect in any manner the reliability or smooth operation of its Platform(s);
b. whenever b) Whenever there are no available cleared funds deposited with the Company and/or in the Nominated Bank Account to pay all the charges relating to the said Order. In calculating the said available funds, all funds required to meet any of the Client obligations include, but without limitation, obligations which may arise from the possible execution of other previously registered purchase Orders, which will be deducted from the cleared funds deposited with the Company and/or in the Nominated Bank Account; it is understood that any refusal by the Company to transmit or execute any Order shall not affect any obligation, which the Client may have towards the Company or any right which the Company may have against the Client;
c. c) where the Company suspects that the Client is engaged in money laundering activities or terrorist financing or tax offences and/or other criminal acts;
d. d) internet connection or communications are disrupted;
e. consequence of request e) Consequence of regulatory or supervisory authorities of Cyprus or a court order or antifraud or anti-money laundering authorities;
f. where f) Where the legality or genuineness of the Order is under doubt;
g. in g) In consequence of lawful claims or requirements of corresponding organized trading platforms, Affiliates of the Parties, as well as in consequence of lawful claims of third parties;
h. the h) The Client has failed to meet a Margin Call of the Company;
i. the i) The Company received from the Client the notice of Termination of this Agreement;
j. a j) A Force Majeure Event has occurred;
k. in k) In an Event of Default of the Client;
l. under l) Under Abnormal Market Conditions; m. the ;
m) The Company has sent a notice of Termination of this Agreement to the Client;
n. it n) It is impossible to proceed with the Order due to condition of the market, customs of a trading volume.
9.2. The Client understands, accepts, agrees and declares herewith that they shall not knowingly give any Order or instructions to the Company which might instigate the Company taking action in relation to paragraph above herein.
9.3. The Client acknowledges understands, accepts, and agrees herewith that the Company may refuse to accept any order from a Client in its absolute discretion and/or having accepted any order may decline to execute it, and shall not be obliged to give the Client any justification and/or reason for doing so.
Appears in 1 contract
Samples: Client Agreement
