Common use of DISCLOSURE OF FINANCIAL INFORMATION Clause in Contracts

DISCLOSURE OF FINANCIAL INFORMATION. Client represents and warrants that the financial information disclosed to GMI in the Application is an accurate representation of the Client’s current financial condition. Client represents and warrants that in determining Client’s Net Worth, Gross Income, Total Assets and Liabilities were carefully calculated, Client represents and warrants that in determining the value of Total Assets, the Client included cash and / or cash equivalents, Government and Marketable securities, real estate owned (excluding primary residence), the cash value of life insurance and other valuable assets. Client represents and warrants that in determining the value of Liabilities, Client included notes payable to banks (secured and unsecured), notes payable to relatives, real estate mortgages payable (excluding primary residence) and other debts. Client represents and warrants that Client has very carefully considered the portion of Client’s Total Assets, which Client considers to be Risk Capital. Client recognizes that Risk Capital is the amount of money Client is willing to put at risk and if lost would not, in any way, change Client’s lifestyle. Client agrees to immediately inform GMI if the Client’s financial condition changes in such a way as to reduce Client’s Net Worth and / or Risk Capital.

Appears in 7 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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DISCLOSURE OF FINANCIAL INFORMATION. Client Customer represents and warrants that the financial information disclosed to GMI QFS in the Application is an accurate representation of the ClientCustomer’s current financial condition. Client Customer represents and warrants that in determining ClientCustomer’s Net Worth, Gross Income, Total Assets and Liabilities were carefully calculated, Client . Customer represents and warrants that in determining the value of Total Assets, the Client Customer included cash and / or and/or cash equivalents, Government and Marketable securities, real estate owned (excluding primary residence), the cash value of life insurance and other valuable assetsAssets. Client Customer represents and warrants that in determining the value of Liabilities, Client Customer included notes payable to banks (secured and unsecured), notes payable to relatives, real estate mortgages payable (excluding primary residence) and other debts. Client Customer represents and warrants that Client Customer has very carefully considered the portion of ClientCustomer’s Total Assets, Assets which Client Customer considers to be Risk Capital. Client Customer recognizes that Risk Capital is the amount of money Client Customer is willing to put at risk and if lost would not, in any way, change ClientCustomer’s lifestyle. Client Customer agrees to immediately inform GMI QFS if the ClientCustomer’s financial condition changes in such a way as to reduce ClientCustomer’s Net Worth and / or and/or Risk Capital.

Appears in 3 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

DISCLOSURE OF FINANCIAL INFORMATION. Client represents and warrants that the financial information disclosed to GMI AS in the Application is an accurate representation of the Client’s current financial condition. Client represents and warrants that in determining Client’s Net Worth, Gross Income, Total Assets and Liabilities were carefully calculated, Client represents and warrants that in determining the value of Total Assets, the Client included cash and / or cash equivalents, Government and Marketable securities, real estate owned (excluding primary residence), the cash value of life insurance and other valuable assets. Client represents and warrants that in determining the value of Liabilities, Client included notes payable to banks (secured and unsecured), notes payable to relatives, real estate mortgages payable (excluding primary residence) and other debts. Client represents and warrants that Client has very carefully considered the portion of Client’s Total Assets, which Client considers to be Risk Capital. Client recognizes that Risk Capital is the amount of money Client is willing to put at risk and if lost would not, in any way, change Client’s lifestyle. Client agrees to immediately inform GMI AS if the Client’s financial condition changes in such a way as to reduce Client’s Net Worth and / or Risk Capital.

Appears in 1 contract

Samples: Client Agreement

DISCLOSURE OF FINANCIAL INFORMATION. Client represents and warrants that the financial information disclosed to GMI XeOne in the Application is an accurate representation of the Client’s current financial condition. Client represents and warrants that in determining Client’s Net Worth, Gross Income, Total Assets and Liabilities were carefully calculated, Client represents and warrants that in determining the value of Total Assets, the Client included cash and / or cash equivalents, Government and Marketable securities, real estate owned (excluding primary residence), the cash value of life insurance and other valuable assets. Client represents and warrants that in determining the value of Liabilities, Client included notes payable to banks (secured and unsecured), notes payable to relatives, real estate mortgages payable (excluding primary residence) and other debts. Client represents and warrants that Client has very carefully considered the portion of Client’s Total Assets, which Client considers to be Risk Capital. Client recognizes that Risk Capital is the amount of money Client is willing to put at risk and if lost would not, in any way, change Client’s lifestyle. Client agrees to immediately inform GMI XxXxx if the Client’s financial condition changes in such a way as to reduce Client’s Net Worth and / or Risk Capital.

Appears in 1 contract

Samples: Terms of Business Agreement

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DISCLOSURE OF FINANCIAL INFORMATION. Client represents and warrants that the financial information disclosed to GMI GLOBAL PRIME in the Application is an accurate representation of the Client’s current financial condition. Client represents and warrants that in determining Client’s Net Worth, Gross Income, Total Assets and Liabilities were carefully calculated, Client represents and warrants that in determining the value of Total Assets, the Client included cash and / and/ or cash equivalents, Government and Marketable securities, real estate owned (excluding primary residence), the cash value of life insurance and other valuable assets. Client represents and warrants that in determining the value of Liabilities, Client included notes payable to banks (secured and unsecured), notes payable to relatives, real estate mortgages payable (excluding primary residence) and other debts. Client represents and warrants that Client has very carefully considered the portion of Client’s Total Assets, Assets which Client considers to be Risk Capital. Client recognizes that Risk Capital is the amount of money Client is willing to put at risk and if lost would not, in any way, change Client’s lifestyle. Client agrees to immediately inform GMI GLOBAL PRIME if the Client’s financial condition changes in such a way as to reduce Client’s Net Worth and / and/ or Risk Capital.

Appears in 1 contract

Samples: Client Agreement

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