Common use of JOINT CLIENT Clause in Contracts

JOINT CLIENT. 16.1 Where the Client consists of more than one person: (A) the liability and obligations of each of them shall be joint and several and references to the Client shall be construed, as the context requires, to any one of them; (B) the Broker is entitled to, but shall not be obliged to, act on instructions or requests from any of them; (C) any notice, payment or delivery by the Broker to any one of the Client shall be a full and discharge of the Broker’s obligations to notify, pay or deliver under this Agreement; and (D) the Broker is entitled to deal separately with any one of the Client on any matter including the discharge of any liability to any extent without affecting the liability of any others. Notwithstanding the above paragraph (B) and any agreement between any person of the Client with the Broker, the Broker reserves the right to demand all the persons of the Client to give instructions or requests in writing or in any such other manner determined by the Broker before the Broker’s accepting or acting on such instructions. 16.2 Where the Client consists of more than one person, on the death of any of such persons (being survived by any other such persons), the death of one person does not operate to terminate this Agreement automatically unless terminated in according to other provisions of this Agreement but such death constitutes an Event of Default (Clause 6.1(C)) and the interest in the Account of the deceased will thereupon vest in and enure for the benefit of the surviving person(s) of the Client provided any liabilities incurred by the deceased person of the Client shall be enforceable by the Broker against such deceased person’s estate.

JOINT CLIENT. 16.1 Where the Client consists of more than one person: (A) the liability and obligations of each of them shall be joint and several and references to the Client shall be construed, as the context requires, to any one of them; (B) the Broker is entitled to, but shall not be obliged to, act on instructions or requests from any of them; (C) any notice, payment or delivery by the Broker to any one of the Client shall be a full and discharge of the Broker’s 's obligations to notify, pay or deliver under this Agreement; and (D) the Broker is entitled to deal separately with any one of the Client on any matter including the discharge of any liability to any extent without affecting the liability of any others. Notwithstanding the above paragraph (B) and any agreement between any person of the Client with the Broker, the Broker reserves the right to demand all the persons of the Client to give instructions or requests in writing or in any such other manner determined by the Broker before the Broker’s 's accepting or acting on such instructions. 16.2 Where the Client consists of more than one person, on the death of any of such persons (being survived by any other such persons), the death of one person does not operate to terminate this Agreement automatically unless terminated in according to other provisions of this Agreement but such death constitutes an Event of Default (Clause 6.1(C)) and the interest in the Account of the deceased will thereupon vest in and enure ensure for the benefit of the surviving person(s) of the Client provided any liabilities incurred by the deceased person of the Client shall be enforceable by the Broker against such deceased person’s 's estate.

JOINT CLIENT. 16.1 Where the Client consists of more than one person: (Aa) the liability and obligations of each of them shall be joint and several and references to the Client shall be construed, as the context requires, to any one of them; (Bb) the The Broker is entitled to, but shall not be obliged to, act on instructions or requests from any of them; (Cc) any notice, payment or delivery by the The Broker to any one of the Client shall be a full and discharge of the The Broker’s obligations to notify, pay or deliver under this Agreement; and (Dd) the The Broker is entitled to deal separately with any one of the Client on any matter including the discharge of any liability to any extent without affecting the liability of any others. Notwithstanding the above paragraph (Bb) and any agreement between any person of the Client with the The Broker, the The Broker reserves the right to demand all the persons of the Client to give instructions or requests in writing or in any such other manner determined by the The Broker before the The Broker’s accepting or acting on such instructions. 16.2 Where the Client consists of more than one person, on the death of any of such persons (being survived by any other such persons), the death of one person does not operate to terminate this Agreement automatically unless terminated in according to other provisions of this Agreement but such death constitutes an Event of Default (Clause 6.1(C6.1(c)) and the interest in the Account of the deceased will thereupon vest in and enure ensure for the benefit of the surviving person(s) of the Client provided any liabilities incurred by the deceased person of the Client shall be enforceable by the The Broker against such deceased person’s estate.

JOINT CLIENT. 16.1 19.1 Where the Client consists of more than one person: (A) the liability and obligations of each of them shall be joint and several and references to the Client shall be construed, as the context requires, to any one of them; (B) the Broker is entitled to, but shall not be obliged to, act on instructions or requests from any of them; (C) any notice, payment or delivery by the Broker to any one of the Client shall be a full and discharge of the Broker’s obligations to notify, pay or deliver under this Agreement; and (D) the Broker is entitled to deal separately with any one of the Client on any matter including the discharge of any liability to any extent without affecting the liability of any others. Notwithstanding the above paragraph (B) and any agreement between any person of the Client with the Broker, the Broker reserves the right to demand all the persons of the Client to give instructions or requests in writing or in any such other manner determined by the Broker before the Broker’s accepting or acting on such instructions. 16.2 19.2 Where the Client consists of more than one person, on the death of any of such persons (being survived by any other such persons), the death of one person does not operate to terminate this Agreement automatically unless terminated in according to other provisions of this Agreement but such death constitutes an Event of Default (Clause 6.1(C9.1(B)) and the interest in the Account of the deceased will thereupon vest in and enure ensure for the benefit of the surviving person(s) of the Client provided any liabilities incurred by the deceased person of the Client shall be enforceable by the Broker against such deceased person’s estate.

JOINT CLIENT. 16.1 18.1 Where the Client consists of more than one person: (A) the liability and obligations of each of them shall be joint and several and references to the Client shall be construed, as the context requires, to any one of them; (B) the Broker is entitled to, but shall not be obliged to, act on instructions or requests from any of them; (C) any notice, payment or delivery by the Broker to any one of the Client shall be a full and discharge of the Broker’s obligations to notify, pay or deliver under this Agreement; and (D) the Broker is entitled to deal separately with any one of the Client on any matter including the discharge of any liability to any extent without affecting the liability of any others. Notwithstanding the above paragraph (B) and any agreement between any person of the Client with the Broker, the Broker reserves the right to demand all the persons of the Client to give instructions or requests in writing or in any such other manner determined by the Broker before the Broker’s accepting or acting on such instructions. 16.2 18.2 Where the Client consists of more than one person, on the death of any of such persons (being survived by any other such persons), the death of one person does not operate to terminate this Agreement automatically unless terminated in according to other provisions of this Agreement but such death constitutes an Event of Default (Clause 6.1(C)) and the interest in the Account of the deceased will thereupon vest in and enure for the benefit of the surviving person(s) of the Client provided any liabilities incurred by the deceased person of the Client shall be enforceable by the Broker against such deceased person’s estate.

JOINT CLIENT. 16.1 Where the Client consists of more than one person: (Aa) the liability and obligations of each of them shall be joint and several and references to the Client shall be construed, as the context requires, to any one of them; (Bb) the The Broker is entitled to, but shall not be obliged to, act on instructions or requests from any of them; (Cc) any notice, payment or delivery by the The Broker to any one of the Client shall be a full and discharge of the The Broker’s obligations to notify, pay or deliver under this Agreement; and (Dd) the The Broker is entitled to deal separately with any one of the Client on any matter including the discharge of any liability to any extent without affecting the liability of any others. Notwithstanding the above paragraph (Bb) and any agreement between any person of the Client with the The Broker, the The Broker reserves the right to demand all the persons of the Client to give instructions or requests in writing or in any such other manner determined by the The Broker before the The Broker’s accepting or acting on such instructions. 16.2 Where the Client consists of more than one person, on the death of any of such persons (being survived by any other such persons), the death of one person does not operate to terminate this Agreement automatically unless terminated in according to other provisions of this Agreement but such death constitutes an Event of Default (Clause 6.1(C6.1(c)) and the interest in the Account of the deceased will thereupon vest in and enure for the benefit of the surviving person(s) of the Client provided any liabilities incurred by the deceased person of the Client shall be enforceable by the The Broker against such deceased person’s estate.