Common use of Investments of Money Held Clause in Contracts

Investments of Money Held. 17.2.1 We may invest any of your money held in any segregated trust account in the kinds of investments as permitted by the Australian Client Money Rules and you irrevocably and unconditionally authorise us to undertake any such investment. 17.2.2 Unless otherwise agreed in writing with you:‌ (a) we are solely entitled to any interest or earnings derived from your moneys being deposited in a segregated trust account or invested by us in accordance with the Australian Client Money Rules with such interest or earnings being payable to us from the relevant segregated trust account or investment account, as the case requires as and when we determine; (b) upon realisation of an investment of your moneys, the initial capital invested must either be invested in another investment permitted by the Australian Client Money Rules or deposited by us into a segregated trust account operated in accordance with the Australian Client Money Rule; (c) in the event that the amount receive upon realisation of an investment of your moneys is less than the initial capital invested, we must pay an amount equal to the difference into a segregated trust account for your benefit, except where any such difference is the result of amounts paid out of the investment to us and/or any Associate of ours in accordance with the Client Agreement of this Client Agreement; (d) we will not charge a fee for investing your moneys in accordance with the Australian Client Money Rules.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

AutoNDA by SimpleDocs

Investments of Money Held. 17.2.1 We may invest any of your money held in any segregated trust account in the kinds of investments as permitted by the Australian Client Money Rules and you irrevocably and unconditionally authorise us to undertake any such investment. 17.2.2 Unless otherwise agreed in writing with you:‌you: (a) we are solely entitled to any interest or earnings derived from your moneys being deposited in a segregated trust account or invested by us in accordance with the Australian Client Money Rules with such interest or earnings being payable to us from the relevant segregated trust account or investment account, as the case requires as and when we determine; (b) upon realisation of an investment of your moneys, the initial capital invested must either be invested in another investment permitted by the Australian Client Money Rules or deposited by us into a segregated trust account operated in accordance with the Australian Client Money Rule; (c) in the event that the amount receive upon realisation of an investment of your moneys is less than the initial capital invested, we must pay an amount equal to the difference into a segregated trust account for your benefit, except where any such difference is the result of amounts paid out of the investment to us and/or any Associate of ours in accordance with the Client Agreement terms and conditions of this Client Agreement; (d) we will not charge a fee for investing your moneys in accordance with the Australian Client Money Rules.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

Investments of Money Held. 17.2.1 We may invest any of your money held in any segregated trust account in the kinds of investments as permitted by the Australian Client Money Rules and you irrevocably and unconditionally authorise us to undertake any such investment. 17.2.2 Unless otherwise agreed in writing with you:‌you: (a) we are solely entitled to any interest or earnings derived from your moneys being deposited in a segregated trust account or invested by us in accordance with the Australian Client Money Rules with such interest or earnings being payable to us from the relevant segregated trust account or investment account, as the case requires as and when we determine; (b) upon realisation of an investment of your moneys, the initial capital invested must either be invested in another investment permitted by the Australian Client Money Rules or deposited by us into a segregated trust account operated in accordance with the Australian Client Money Rule; (c) in the event that the amount receive upon realisation of an investment of your moneys is less than the initial capital invested, we must pay an amount equal to the difference into a segregated trust account for your benefit, except where any such difference is the result of amounts paid out of the investment to us and/or any Associate of ours in accordance with the Client Agreement terms and conditions of this Client AgreementTerms and Conditions; (d) we will not charge a fee for investing your moneys in accordance with the Australian Client Money Rules.

Appears in 1 contract

Samples: Terms and Conditions

Investments of Money Held. 17.2.1 We may invest any of your money held in any segregated trust account in the kinds of investments as permitted by the Australian Client Money Rules and you irrevocably and unconditionally authorise us to undertake any such investment. 17.2.2 Unless otherwise agreed in writing with you:‌you: (a) we are solely entitled to any interest or earnings derived from your moneys being deposited in a segregated trust account or invested by us in accordance with the Australian Client Money Rules with such interest or earnings being payable to us from the relevant segregated trust account or investment account, as the case requires as and when we determine; (b) upon realisation of an investment of your moneys, the initial capital invested must either be invested in another investment permitted by the Australian Client Money Rules or deposited by us into a segregated trust account operated in accordance with the Australian Client Money Rule; (c) in the event that the amount receive upon realisation of an investment of your moneys is less than the initial capital invested, we must pay an amount equal to the difference into a segregated trust account for your benefit, except where any such difference is the result of amounts paid out of the investment to us and/or any Associate of ours in accordance with the Client Agreement terms and conditions of this Client the Agreement; (d) we will not charge a fee for investing your moneys in accordance with the Australian Client Money Rules.

Appears in 1 contract

Samples: Client Agreement

Investments of Money Held. 17.2.1 We may invest any of your money held in any segregated client money trust account in the kinds of investments as permitted by the Australian Client Money Rules and you irrevocably and unconditionally authorise us to undertake any such investment. 17.2.2 Unless otherwise agreed in writing with you:‌ (a) we are solely entitled to any interest or earnings derived from your moneys being deposited in a segregated client money trust account or invested by us in accordance with the Australian Client Money Rules with such interest or earnings being payable to us from the relevant segregated client money trust account or investment account, as the case requires as and when we determine; (b) upon realisation of an investment of your moneys, the initial capital invested must either be invested in another investment permitted by the Australian Client Money Rules or deposited by us into a segregated client money trust account operated in accordance with the Australian Client Money Rule; (c) in the event that the amount receive upon realisation of an investment of your moneys is less than the initial capital invested, we must pay an amount equal to the difference into a segregated client money trust account for your benefit, except where any such difference is the result of amounts paid out of the investment to us and/or any Associate of ours in accordance with the Client Agreement terms and conditions of this Client Agreement; (d) we will not charge a fee for investing your moneys in accordance with the Australian Client Money Rules.

Appears in 1 contract

Samples: Client Agreement

AutoNDA by SimpleDocs

Investments of Money Held. 17.2.1 We may invest any of your money held in any segregated trust account in the kinds of investments as permitted by the Australian Client Money Rules and you irrevocably and unconditionally authorise us to undertake any such investment. 17.2.2 Unless otherwise agreed in writing with you:‌you: (a) we are solely entitled to any interest or earnings derived from your moneys being deposited in a segregated trust account or invested by us in accordance with the Australian Client Money Rules with such interest or earnings being payable to us from the relevant segregated trust account or investment account, as the case requires as and when we determine; (b) upon realisation of an investment of your moneys, the initial capital invested must either be invested in another investment permitted by the Australian Client Money Rules or deposited by us into a segregated trust account operated in accordance with the Australian Client Money Rule; (c) in the event that the amount receive upon realisation of an investment of your moneys is less than the initial capital invested, we must pay an amount equal to the difference into a segregated trust account for your benefit, except where any such difference is the result of amounts paid out of the investment to us and/or any Associate of ours in accordance with the Client Agreement terms and conditions of this Client the Agreement; (d) we will not charge a fee for investing your moneys in accordance with the Australian Client Money Rules.

Appears in 1 contract

Samples: Client Agreement

Investments of Money Held. 17.2.1 We may invest any of your money held in any segregated trust account in the kinds of investments as permitted by the Australian Client Money Rules and you irrevocably and unconditionally authorise us to undertake any such investment.unconditionally 17.2.2 Unless otherwise agreed in writing with you:‌you: (a) we are solely entitled to any interest or earnings derived from your moneys being deposited in a segregated trust account or invested by us in accordance with the Australian Client Money Rules with such interest or earnings being payable to us from the relevant segregated trust account or investment account, as the case requires as and when we determine; (b) upon realisation of an investment of your moneys, the initial capital invested must either be invested in another investment permitted by the Australian Client Money Rules or deposited by us into a segregated trust account operated in accordance with the Australian Client Money Rule; (c) in the event that the amount receive upon realisation of an investment of your moneys is less than the initial capital invested, we must pay an amount equal to the difference into a segregated trust account for your benefit, except where any such difference is the result of amounts paid out of the investment to us and/or any Associate of ours in accordance with the Client Agreement terms and conditions of this Client Agreement; (d) we will not charge a fee for investing your moneys in accordance with the Australian Client Money Rules.

Appears in 1 contract

Samples: Client Agreement

Investments of Money Held. 17.2.1 We may invest any of your money held in any segregated trust account in the kinds of investments as permitted by the Australian Client Money Rules and you irrevocably and unconditionally authorise us to undertake any such investment. 17.2.2 Unless otherwise agreed in writing with you:‌you: (a) we are solely entitled to any interest or earnings derived from your moneys being deposited in a segregated trust account or invested by us in accordance with the Australian Client Money Rules with such interest or earnings being payable to us from the relevant segregated trust account or investment account, as the case requires as and when we determine; (b) upon realisation of an investment of your moneys, the initial capital invested must either be invested in another investment permitted by the Australian Client Money Rules or deposited by us into a segregated trust account operated in accordance with the Australian Client Money Rule; (c) in the event that the amount receive upon realisation of an investment of your moneys is less than the initial capital invested, we must pay an amount equal to the difference into a segregated trust account for your benefit, except where any such difference is the result of amounts paid out of the investment to us and/or any Associate of ours in accordance with the Client Agreement terms and conditions of this Client AgreementTerms and Conditions; (d) we will not charge a fee for investing your moneys in accordance with the Australian Client Money Rules.

Appears in 1 contract

Samples: Margin Fx Contracts and Contract for Differences

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!