Common use of DEFINITIONS – INTERPRETATION OF TERMS Clause in Contracts

DEFINITIONS – INTERPRETATION OF TERMS. 2.1. In this Agreement, the following terms shall, unless the context otherwise pledges, have the following meanings and may be used in the singular or plural as appropriate: Access Codes – the username and password given by the Company to the Client for accessing the Trading Platform. Account – Any Transactions account which the Company may open for the Client. Account Statement – the periodic statement of the Transactions credited or debited to an Account. Authorized Person – a Person authorized by the Client in accordance with this Agreement to give instructions to the Company on behalf of the Client. Available Margin – funds not used as the guarantee for Positions at a given time, calculated as follows: Available Margin = (Equity + outstanding Extra Margin) – Used Margin. Balance – the sum held on behalf of the Client in its Account at a specific point in time. Bank Account – an account with a bank or other financial institution in which the Company shall hold funds in the name of the Client or in the name of the Company on behalf of the Client, segregated from the Company’s own funds. Cash Back - spread rebate on volumes traded by the Client in the amount and rate as determined in advance by the Company. CFD - a contract that between the Client and the Company, for the difference between the value of an Underlying Asset at the time of opening the Transaction and the value of such Underlying Asset at the time of closing the Transaction, including any interest adjustments (including spread) or Overnight Financing, if applicable. CA15082021 Formula Investment House Ltd., A British Virgin Islands company 1 Xxxxxxx’x Xxx, Road Town, Tortola, BVI VG1110 xxx.xxxxxx.xxx Client - the natural person, legal entity or firm who has (have) accepted this Agreement, including any registered used of the Trading Platform. Corporate Action - an event, action or equity change which has a diluting/concentrating effect or any other material effect on the market value of the underlying shares, as determined at the sole discretion of the Company, including but not limited to: (i) subdivision, consolidation, split, reclassification, cancellation, par value change or other change of the rights attached to the shares; (ii) rights offering, bonus issue, equity offering or equity redemption; and (iii) any other event which materially affects or may materially affect the shares’ price (including material company announcements, takeovers, tender offers, arrangements, payments-in-kind, mergers, de-mergers, spinoffs, MBOs, nationalizations etc.).

Appears in 1 contract

Samples: Client Agreement

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DEFINITIONS – INTERPRETATION OF TERMS. 2.1. In this Agreement, the following terms shall, unless the context otherwise pledges, have the following meanings and may be used in the singular or plural as appropriate: Access Codes – the username and password given by the Company to the Client for accessing the Trading Platform. Account – Any Transactions account which the Company may open for the Client. Account Statement – the periodic statement of the Transactions credited or debited to an Account. Authorized Person – a Person authorized by the Client in accordance with this Agreement to give instructions to the Company on behalf of the Client. Available Margin – funds not used as the guarantee for Positions at a given time, calculated as follows: Available Margin = (Equity + outstanding Extra Margin) – Used Margin. Balance – the sum held on behalf of the Client in its Account at a specific point in time. Bank Account – an account with a bank or other financial institution in which the Company shall hold funds in the name of the Client or in the name of the Company on behalf of the Client, segregated from the Company’s own funds. Cash Back - spread rebate on volumes traded by the Client in the amount and rate as determined in advance by the Company. CFD - a contract that between the Client and the Company, for the difference between the value of an Underlying Asset at the time of opening the Transaction and the value of such Underlying Asset at the time of closing the Transaction, including any interest adjustments (including spread) or Overnight Financing, if applicable. CA15082021 CA08032020 Formula Investment House Ltd., A British Virgin Islands company 1 Xxxxxxx’x Xxx, Road Town, Tortola, BVI VG1110 xxx.xxxxxx.xxx Client - the natural person, legal entity or firm who has (have) accepted this Agreement, including any registered used of the Trading Platform. Corporate Action - an event, action or equity change which has a diluting/concentrating effect or any other material effect on the market value of the underlying shares, as determined at the sole discretion of the Company, including but not limited to: (i) subdivision, consolidation, split, reclassification, cancellation, par value change or other change of the rights attached to the shares; (ii) rights offering, bonus issue, equity offering or equity redemption; and (iii) any other event which materially affects or may materially affect the shares’ price (including material company announcements, takeovers, tender offers, arrangements, payments-in-kind, mergers, de-mergers, spinoffs, MBOs, nationalizations etc.).

Appears in 1 contract

Samples: Client Agreement

DEFINITIONS – INTERPRETATION OF TERMS. 2.1. In this Agreement, the following terms shall, unless the context otherwise pledges, have the following meanings and may be used in the singular or plural as appropriate: Access Codes – the username and password given by the Company to the Client for accessing the Trading Platform. Account – Any Transactions account which the Company may open for the Client. Account Statement – the periodic statement of the Transactions credited or debited to an Account. Authorized Person – a Person authorized by the Client in accordance with this Agreement to give instructions to the Company on behalf of the Client. Available Margin – funds not used as the guarantee for Positions at a given time, calculated as follows: Available Margin = (Equity + outstanding Extra Margin) – Used Margin. Balance – the sum held on behalf of the Client in its Account at a specific point in time. Bank Account – an account with a bank or other financial institution in which the Company shall hold funds in the name of the Client or in the name of the Company on behalf of the Client, segregated from the Company’s own funds. Cash Back - spread rebate on volumes traded by the Client in the amount and rate as determined in advance by the Company. CFD - a contract that between the Client and the Company, for the difference between the value of an Underlying Asset at the time of opening the Transaction and the value of such Underlying Asset at the time of closing the Transaction, including any interest adjustments (including spread) or Overnight Financing, if applicable. CA15082021 CA06052024 Formula Investment House Ltd., A British Virgin Islands company 1 0 Xxxxxxx’x Xxx, Road Town, Tortola, BVI VG1110 xxx.xxxxxx.xxx Client - the natural person, legal entity or firm who has (have) accepted this Agreement, including any registered used of the Trading Platform. Corporate Action - an event, action or equity change which has a diluting/concentrating effect or any other material effect on the market value of the underlying shares, as determined at the sole discretion of the Company, including but not limited to: (i) subdivision, consolidation, split, reclassification, cancellation, par value change or other change of the rights attached to the shares; (ii) rights offering, bonus issue, equity offering or equity redemption; and (iii) any other event which materially affects or may materially affect the shares’ price (including material company announcements, takeovers, tender offers, arrangements, payments-in-kind, mergers, de-mergers, spinoffs, MBOs, nationalizations etc.).

Appears in 1 contract

Samples: Client Agreement

DEFINITIONS – INTERPRETATION OF TERMS. 2.1. In this Agreement, the following terms shall, unless the context otherwise pledges, have the following meanings and may be used in the singular or plural as appropriate: Access Codes – the username and password given by the Company to the Client for accessing the Trading Platform. Account – Any Transactions account which the Company may open for the Client. Account Statement – the periodic statement of the Transactions credited or debited to an Account. Authorized Person – a Person authorized by the Client in accordance with this Agreement to give instructions to the Company on behalf of the Client. Available Margin – funds not used as the guarantee for Positions at a given time, calculated as follows: Available Margin = (Equity + outstanding Extra Margin) – Used Margin. Balance – the sum held on behalf of the Client in its Account at a specific point in time. Bank Account – an account with a bank or other financial institution in which the Company shall hold funds in the name of the Client or in the name of the Company on behalf of the Client, segregated from the Company’s own funds. Cash Back - spread rebate on volumes traded by the Client in the amount and rate as determined in advance by the Company. CFD - a contract that between the Client and the Company, for the difference between the value of an Underlying Asset at the time of opening the Transaction and the value of such Underlying Asset at the time of closing the Transaction, including any interest adjustments (including spread) or Overnight Financing, if applicable. CA15082021 CA05052019 Formula Investment House Ltd., A British Virgin Islands company 1 0 Xxxxxxx’x Xxx, Road Town, Tortola, BVI VG1110 xxx.xxxxxx.xxx Client - the natural person, legal entity or firm who has (have) accepted this Agreement, including any registered used of the Trading Platform. Corporate Action - an event, action or equity change which has a diluting/concentrating effect or any other material effect on the market value of the underlying shares, as determined at the sole discretion of the Company, including but not limited to: (i) subdivision, consolidation, split, reclassification, cancellation, par value change or other change of the rights attached to the shares; (ii) rights offering, bonus issue, equity offering or equity redemption; and (iii) any other event which materially affects or may materially affect the shares’ price (including material company announcements, takeovers, tender offers, arrangements, payments-in-kind, mergers, de-mergers, spinoffs, MBOs, nationalizations etc.).

Appears in 1 contract

Samples: Client Agreement

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DEFINITIONS – INTERPRETATION OF TERMS. 2.1. In this Agreement, the following terms shall, unless the context otherwise pledges, have the following meanings and may be used in the singular or plural as appropriate: Access Codes – the username and password given by the Company to the Client for accessing the Trading Platform. Account – Any Transactions account which the Company may open for the Client. Account Statement – the periodic statement of the Transactions credited or debited to an Account. Authorized Person – a Person authorized by the Client in accordance with this Agreement to give instructions to the Company on behalf of the Client. Available Margin – funds not used as the guarantee for Positions at a given time, calculated as follows: Available Margin = (Equity + outstanding Extra Margin) – Used Margin. Balance – the sum held on behalf of the Client in its Account at a specific point in time. Bank Account – an account with a bank or other financial institution in which the Company shall hold funds in the name of the Client or in the name of the Company on behalf of the Client, segregated from the Company’s own funds. Cash Back - spread rebate on volumes traded by the Client in the amount and rate as determined in advance by the Company. CFD - a contract that between the Client and the Company, for the difference between the value of an Underlying Asset at the time of opening the Transaction and the value of such Underlying Asset at the time of closing the Transaction, including any interest adjustments (including spread) or Overnight Financing, if applicable. CA15082021 CA05052019 Formula Investment House Ltd., A British Virgin Islands company 1 Xxxxxxx’x Xxx, Road Town, Tortola, BVI VG1110 xxx.xxxxxx.xxx Client - the natural person, legal entity or firm who has (have) accepted this Agreement, including any registered used of the Trading Platform. Corporate Action - an event, action or equity change which has a diluting/concentrating effect or any other material effect on the market value of the underlying shares, as determined at the sole discretion of the Company, including but not limited to: (i) subdivision, consolidation, split, reclassification, cancellation, par value change or other change of the rights attached to the shares; (ii) rights offering, bonus issue, equity offering or equity redemption; and (iii) any other event which materially affects or may materially affect the shares’ price (including material company announcements, takeovers, tender offers, arrangements, payments-in-kind, mergers, de-mergers, spinoffs, MBOs, nationalizations etc.).

Appears in 1 contract

Samples: Client Agreement

DEFINITIONS – INTERPRETATION OF TERMS. 2.1. In this Agreement, the following terms shall, unless the context otherwise pledges, have the following meanings and may be used in the singular or plural as appropriate: Access Codes – the username and password given by the Company to the Client for accessing the Trading Platform. Account – Any Transactions account which the Company may open for the Client. Account Statement – the periodic statement of the Transactions credited or debited to an Account. Authorized Person – a Person authorized by the Client in accordance with this Agreement to give instructions to the Company on behalf of the Client. Available Margin – funds not used as the guarantee for Positions at a given time, calculated as follows: Available Margin = (Equity + outstanding Extra Margin) – Used Margin. Balance – the sum held on behalf of the Client in its Account at a specific point in time. Bank Account – an account with a bank or other financial institution in which the Company shall hold funds in the name of the Client or in the name of the Company on behalf of the Client, segregated from the Company’s own funds. Cash Back - spread rebate on volumes traded by the Client in the amount and rate as determined in advance by the Company. CFD - a contract that between the Client and the Company, for the difference between the value of an Underlying Asset at the time of opening the Transaction and the value of such Underlying Asset at the time of closing the Transaction, including any interest adjustments (including spread) or Overnight Financing, if applicable. CA15082021 CA27062021 Formula Investment House Ltd., A British Virgin Islands company 1 Xxxxxxx’x Xxx, Road Town, Tortola, BVI VG1110 xxx.xxxxxx.xxx Client - the natural person, legal entity or firm who has (have) accepted this Agreement, including any registered used of the Trading Platform. Corporate Action - an event, action or equity change which has a diluting/concentrating effect or any other material effect on the market value of the underlying shares, as determined at the sole discretion of the Company, including but not limited to: (i) subdivision, consolidation, split, reclassification, cancellation, par value change or other change of the rights attached to the shares; (ii) rights offering, bonus issue, equity offering or equity redemption; and (iii) any other event which materially affects or may materially affect the shares’ price (including material company announcements, takeovers, tender offers, arrangements, payments-in-kind, mergers, de-mergers, spinoffs, MBOs, nationalizations etc.).

Appears in 1 contract

Samples: Client Agreement

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