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Common use of LIABILITIES AND INDEMNITY Clause in Contracts

LIABILITIES AND INDEMNITY. 18.1 Neither Delta Asia, nor any of its directors, employees, agents or representatives (the “Relevant Persons”) shall under any circumstances whatsoever be liable to you (whether under contract, in negligence or otherwise) in the absence of bad faith or willful default of or by the Relevant Persons in respect of any loss, damage, injury sustained or liability incurred by you by reason of: (A) any act, advice, statement (express or implied), default or omission of the Relevant Persons, whether such loss, damage, injury or liability be caused by breach or otherwise by the Relevant Persons or howsoever caused; or (B) any loss or expense incurred by you as a result of or in connection with the transfer to you or the collection or deposit or crediting to any Account of invalid, fraudulent or forged Investment or any entry in any Account which may be made in connection therewith; or (C) any conditions or circumstances which are beyond the reasonable control or anticipation of the Relevant Persons including but not limited to any delay in transmission of orders due to whatsoever reason, failure of electronic or mechanical equipment, telephone or other interconnection problems, unauthorized use of Access Code, prevailing fast moving market conditions, governmental agency or Exchange actions, theft, war, severe weather, earthquakes and strikes; or (D) Delta Asia exercising any of its rights conferred by the terms of this Client Agreement; or (E) any conversion of one currency to another pursuant to, in relation to or arising from this Client Agreement; or (F) Any inaccuracy or omission from any document prepared by us for, or sent by us to or to the order of, you in connection with any offering of investment; or (G) We in good faith acting or relying on any Instruction given by you, whether or not such Instruction was given following any recommendation, advice or opinion given by us or by any of our directors, officers, employees or agents; or (H) Any inability, failure or delay on our part to comply with or carry out any such Instruction or any ambiguity or detect in any such Instruction; or (I) Any loss or damage suffered by you in connection with any of your Securities, Collateral and other property kept in custody pursuant to Clause 30 or Clause 4.1 in Part III Schedule A - Additional Terms for Margin Account or other part of this Client Agreement unless such loss or damage has been caused as a direct consequence of an act of gross negligence on our part; or (J) Any curtailment of, or restriction on, the capacity of us to trade in respect of open positions of any Investment as a result of action taken by SFC, the SEHK, the HKFE or any other authority under applicable rules and regulations or for any other reason, and that in such circumstances, you may be required to reduce or close out yours open positions with us; or (K) Any Exchange, Clearing House, agent or other person ceasing for any reason to recognize the existence or validity of Transaction entered into by us on your behalf, or failing to perform or close out positions of any such Transaction provided that such cessation or failure shall not affect your obligations hereunder in respect of any such Transaction or other obligations or liabilities of you arising therefrom; or (L) Any misunderstanding or misinterpretation of any Instruction given or placed verbally or electronically, or any interruption, suspension, delay, loss, mutilation or other failure in transmission or wrongful interception of any Instruction or other information howsoever caused (including any equipment or system owned and/or operated by or for us). 18.2 You agree to indemnify the Relevant Persons against and hold the Relevant Persons harmless from all expenses, liabilities, claims and demands arising out of the following, in the absence of bad faith or wilful default of or by the Relevant Persons: (A) anything lawfully done or omitted to be done by the Relevant Persons in connection with this Client Agreement; or (B) any breach by you of its obligations under this Client Agreement.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

LIABILITIES AND INDEMNITY. 18.1 Neither Delta AsiaJimei, nor any of its directors, employees, agents or representatives (the “Relevant Persons”) shall under any circumstances whatsoever be liable to you (whether under contract, in negligence or otherwise) in the absence of bad faith or willful default of or by the Relevant Persons in respect of any loss, damage, injury sustained or liability incurred by you by reason of: (A) any act, advice, statement (express or implied), default or omission of the Relevant Persons, whether such loss, damage, injury or liability be caused by breach or otherwise by the Relevant Persons or howsoever caused; or (B) any loss or expense incurred by you as a result of or in connection with the transfer to you or the collection or deposit or crediting to any Account of invalid, fraudulent or forged Investment or any entry in any Account which may be made in connection therewith; or (C) any conditions or circumstances which are beyond the reasonable control or anticipation of the Relevant Persons including but not limited to any delay in transmission of orders due to whatsoever reason, failure of electronic or mechanical equipment, telephone or other interconnection problems, unauthorized use of Access Code, prevailing fast moving market conditions, governmental agency or Exchange actions, theft, war, severe weather, earthquakes and strikes; or (D) Delta Asia Jimei exercising any of its rights conferred by the terms of this Client Agreement; or (E) any conversion of one currency to another pursuant to, in relation to or arising from this Client Agreement; or (F) Any inaccuracy or omission from any document prepared by us for, or sent by us to or to the order of, you in connection with any offering of investment; or (G) We in good faith acting or relying on any Instruction given by you, whether or not such Instruction was given following any recommendation, advice or opinion given by us or any Affiliate or by any of our directors, officers, employees or agents; or (H) Any inability, failure or delay on our part to comply with or carry out any such Instruction or any ambiguity or detect in any such Instruction; or (I) Any loss or damage suffered by you in connection with any of your Securities, Collateral and other property kept in custody pursuant to Clause 30 or Clause 4.1 in Part III Schedule A - Additional Terms for Margin Account or other part of this Client Agreement unless such loss or damage has been caused as a direct consequence of an act of gross negligence on our part; or (J) Any curtailment of, or restriction on, the capacity of us to trade in respect of open positions of any Investment as a result of action taken by SFC, the SEHK, the HKFE or any other authority under applicable rules and regulations or for any other reason, and that in such circumstances, you may be required to reduce or close out yours open positions with us; or (K) Any Exchange, Clearing House, agent or other person ceasing for any reason to recognize the existence or validity of Transaction entered into by us on your behalf, or failing to perform or close out positions of any such Transaction provided that such cessation or failure shall not affect your obligations hereunder in respect of any such Transaction or other obligations or liabilities of you arising therefromthere from; or (L) Any misunderstanding or misinterpretation of any Instruction given or placed verbally or electronically, or any interruption, suspension, delay, loss, mutilation or other failure in transmission or wrongful interception of any Instruction or other information howsoever caused (including any equipment or system owned and/or operated by or for us). 18.2 You agree to indemnify the Relevant Persons against and hold the Relevant Persons harmless from all expenses, liabilities, claims and demands arising out of the following, in the absence of bad faith or wilful willful default of or by the Relevant Persons: (A) anything lawfully done or omitted to be done by the Relevant Persons in connection with this Client Agreement; or (B) any breach by you of its obligations under this Client Agreement.

Appears in 1 contract

Samples: Client Agreement

LIABILITIES AND INDEMNITY. 18.1 Neither Delta AsiaEGFGL, nor any of its directors, employees, agents or representatives (the “Relevant Persons”) shall under any circumstances whatsoever be liable to you (whether under contract, in negligence or otherwise) in the absence of bad faith or willful default of or by the Relevant Persons in respect of any loss, damage, injury sustained or liability incurred by you by reason of: (A) any act, advice, statement (express or implied), default or omission of the Relevant Persons, whether such loss, damage, injury or liability be caused by breach or otherwise by the Relevant Persons or howsoever caused; or (B) any loss or expense incurred by you as a result of or in connection with the transfer to you or the collection or deposit or crediting to any Account of invalid, fraudulent or forged Investment or any entry in any Account which may be made in connection therewith; or (C) any conditions or circumstances which are beyond the reasonable control or anticipation of the Relevant Persons including but not limited to any delay in transmission of orders due to whatsoever reason, failure of electronic or mechanical equipment, telephone or other interconnection problems, unauthorized use of Access Code, prevailing fast moving market conditions, governmental agency or Exchange actions, theft, war, severe weather, earthquakes and strikes; or (D) Delta Asia EGFGL exercising any of its rights conferred by the terms of this Client Agreement; or (E) any conversion of one currency to another pursuant to, in relation to or arising from this Client Agreement; or (F) Any inaccuracy or omission from any document prepared by us for, or sent by us to or to the order of, you in connection with any offering of investment; or (G) We in good faith acting or relying on any Instruction given by you, whether or not such Instruction was given following any recommendation, advice or opinion given by us or by any of our directors, officers, employees or agents; or (H) Any inability, failure or delay on our part to comply with or carry out any such Instruction or any ambiguity or detect in any such Instruction; or (I) Any loss or damage suffered by you in connection with any of your Securities, Collateral and other property kept in custody pursuant to Clause 30 or Clause 4.1 in Part III Schedule A - Additional Terms for Margin Account or other part of this Client Agreement unless such loss or damage has been caused as a direct consequence of an act of gross negligence on our part; or (J) Any curtailment of, or restriction on, the capacity of us to trade in respect of open positions of any Investment as a result of action taken by SFC, the SEHK, the HKFE or any other authority under applicable rules and regulations or for any other reason, and that in such circumstances, you may be required to reduce or close out yours open positions with us; or (K) Any Exchange, Clearing House, agent or other person ceasing for any reason to recognize the existence or validity of Transaction entered into by us on your behalf, or failing to perform or close out positions of any such Transaction provided that such cessation or failure shall not affect your obligations hereunder in respect of any such Transaction or other obligations or liabilities of you arising therefrom; or (L) Any misunderstanding or misinterpretation of any Instruction given or placed verbally or electronically, or any interruption, suspension, delay, loss, mutilation or other failure in transmission or wrongful interception of any Instruction or other information howsoever caused (including any equipment or system owned and/or operated by or for us). 18.2 You agree to indemnify the Relevant Persons against and hold the Relevant Persons harmless from all expenses, liabilities, claims and demands arising out of the following, in the absence of bad faith or wilful default of or by the Relevant Persons: (A) anything lawfully done or omitted to be done by the Relevant Persons in connection with this Client Agreement; or (B) any breach by you of its obligations under this Client Agreement.

Appears in 1 contract

Samples: Client Agreement

LIABILITIES AND INDEMNITY. 18.1 Neither Delta Asia18.1. To the extent permitted under Applicable Laws and Regulations, neither Webull, nor any of its directors, employees, agents or representatives (the “Relevant Persons”) shall under any circumstances whatsoever be liable to you (whether under contract, in negligence or otherwise) in the absence of bad faith or willful wilful default of or by the Relevant Persons in respect of any loss, damage, injury sustained or liability incurred by you by reason of: (Aa) any act, advice, statement (express or implied), default or omission of the Relevant Persons, whether such loss, damage, injury or liability be caused by breach or otherwise by the Relevant Persons or howsoever caused; or (Bb) any loss or expense incurred by you as a result of or in connection with the transfer to you or the collection or deposit or crediting to any Account of invalid, fraudulent or forged Investment Investment(s) or any entry in any Account which may be made in connection therewith; or (Cc) any conditions or circumstances which are beyond the reasonable control or anticipation of the Relevant Persons including but not limited to any delay in transmission of orders due to whatsoever reason, failure of electronic or mechanical equipment, telephone or other interconnection problems, unauthorized use of Access Code, prevailing fast moving market conditions, governmental agency or Exchange actions, theft, war, severe weather, earthquakes and strikes; or (Dd) Delta Asia Webull exercising any of its rights conferred by the terms of this Client Agreement; or (Ee) any conversion of one currency to another pursuant to, in relation to or arising from this Client Agreement; or (Ff) Any any inaccuracy or omission from any document prepared by us for, or sent by us to or to the order of, you in connection with any offering of investment; or (Gg) We we in good faith acting or relying on any Instruction given by you, whether or not such Instruction was given following any recommendation, advice or opinion given by us or by any of our directors, officers, employees or agents; or (Hh) Any any inability, failure or delay on our part to comply with or carry out any such Instruction or any ambiguity or detect in any such Instruction; or (Ii) Any any loss or damage suffered by you in connection with any of your SecuritiesSecurities and/or Derivatives, Collateral and other property kept in custody pursuant to Clause 30 of this Part II – General Terms and Conditions or Clause 4.1 in Schedule D – Additional Terms, of Part III Schedule A - Additional Terms for Margin Account Terms, or other part of this Client Agreement unless such loss or damage has been caused as a direct consequence of an act of gross negligence on our part; or (Jj) Any any curtailment of, or restriction on, the capacity of us to trade in respect of open positions of any Investment as a result of action taken by SFCBNM, the SEHKSC, the HKFE Bursa Securities, Bursa Derivatives or any other authority under applicable rules and regulations or for any other reason, and that in such circumstances, you may be required to reduce or close out yours your open positions with us; or (Kk) Any any Exchange, Clearing House, agent or other person ceasing for any reason to recognize the existence or validity of Transaction entered into by us on your behalf, or failing to perform or close out positions of any such Transaction provided that such cessation or failure shall not affect your obligations hereunder in respect of any such Transaction or other obligations or liabilities of you arising therefrom; or (Ll) Any any misunderstanding or misinterpretation of any Instruction given or placed verbally or electronically, or any interruption, suspension, delay, loss, mutilation or other failure in transmission or wrongful interception of any Instruction or other information howsoever caused (including any equipment or system owned and/or and or operated by or for us). 18.2 18.2. You agree to indemnify the Relevant Persons against and hold the Relevant Persons harmless from all expenses, liabilities, claims and demands arising out of the following, in the absence of bad faith or wilful default of or by the Relevant Persons: (Aa) anything lawfully done or omitted to be done by the Relevant Persons in connection with this Client Agreement; or (Bb) any breach by you of its your obligations under this Client Agreement.

Appears in 1 contract

Samples: Client Agreement