Nominee Ownership Account Sample Clauses

Nominee Ownership Account a nominee ownership joint account or a nominee ownership segregated account.
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Nominee Ownership Account. 41.1. The bank may open a nominee ownership joint account and/or a nominee ownership segregated account (hereinafter - a nominee ownership account) for a client, based on the client's request and in accordance with Georgian legislation. The account can be opened in the form of a current and/or deposit account.
Nominee Ownership Account. 41.1. The bank may open a nominee ownership joint account and/or a nominee ownership segregated account (hereinafter - a nominee ownership account) for a client, based on the client's request and in accordance with Georgian legislation. The account can be opened in the form of a current and/or deposit account. 41.2. Only the client's funds, which the nominee account holder possesses and manages in accordance with Georgian legislation, can be placed in and/or transferred from the nominee ownership account, separately from their own funds. 41.3. At the bank's request, the nominee account holder is obliged to provide the bank with information about its clients and/or their beneficial owners in accordance with the bank's requirements. 41.4. The nominee account holder is obliged to ensure the processing of information (including personal data) about its clients and beneficial owners in accordance with the applicable laws and regulations (including the requirements of the Personal Data Protection Law). The nominee account holder must take appropriate security measures to protect such data from unauthorized access, use, alteration, or destruction. The provision of information about the nominee account holder's clients and/or their beneficial owners (including personal data) to the bank must be carried out in full compliance with the requirements of the Personal Data Protection Law. The bank is exempt from any responsibility and/or obligation to compensate for damages caused by the nominee account xxxxxx's violation of the requirements of the Personal Data Protection Law. In addition, the nominee account holder is obliged to compensate the bank for any damage/loss caused by the nominee account holder's violation of the requirements of the Personal Data Protection Law. 41.5. The nominee account holder is responsible for the content and purpose of the transactions carried out on the nominee ownership account. 41.6. It is prohibited to manage the funds in the nominee ownership account directly based on the instructions provided by the nominee account xxxxxx's client. 41.7. The nominee ownership account may be transferred to another person based on the decision of an authorized body provided for by Georgian legislation. 41.8. The nominee account holder is obliged to comply with the terms of this agreement and the requirements of applicable local and international laws, subordinate acts, regulations, international agreements, orders, and instructions of the National Ba...

Related to Nominee Ownership Account

  • Termination for Cause If Vendor fails to materially perform pursuant to the terms of this Agreement, TIPS shall provide written notice to Vendor specifying the default. If Vendor does not cure such default within thirty (30) days, TIPS may terminate this Agreement, in whole or in part, for cause. If TIPS terminates this Agreement for cause, and it is later determined that the termination for cause was wrongful, the termination shall automatically be converted to and treated as a termination for convenience.

  • General Provisions In connection with any Registration Statement and any Prospectus required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related Prospectus required to permit resales of Initial Securities by Broker-Dealers), each of the Company and the Guarantors shall:

  • Term and Termination In any case, if not sooner terminated, this Agreement shall expire at the close of business on the effective date that the Offering is terminated. This Agreement may be terminated by either party (a) immediately upon notice to the other party in the event that the other party shall have materially failed to comply with any material provision of this Agreement or if any of the representations, warranties, covenants or agreements of such party contained herein shall not have been materially complied with and such failure to comply is not cured within ten (10) days after the date of such occurrence or (b) on 60 days’ written notice. In any event, this Agreement shall be deemed suspended during any period for which the Dealer Manager’s license or registration to act as a broker dealer shall be revoked or suspended by any federal, self-regulatory or state agency. In addition, the Dealer Manager, upon the expiration or termination of this Agreement, shall (a) promptly deposit any and all funds in its possession which were received from investors for the sale of Shares into the appropriate escrow account or, if the Minimum Offering has been reached, into such other account as the Company may designate; and (b) promptly deliver to the Company all records and documents in its possession which relate to the Offering which are not designated as dealer copies. The Dealer Manager, at its sole expense, may make and retain copies of all such records and documents required to be retained by the Dealer Manager pursuant to (i) Federal and state securities laws and the rules and regulations thereunder, (ii) the applicable rules of FINRA and (iii) the NASAA REIT Guidelines, but shall keep all such information confidential; provided, that, nothing contained in this Agreement shall prevent the Dealer Manager from disclosing any such information to any regulatory authority asserting jurisdiction over the Dealer Manager. The Dealer Manager shall use its reasonable best efforts to cooperate with the Company to accomplish any orderly transfer of management of the Offering to a party designated by the Company. Upon expiration or termination of this Agreement, the Company shall pay to the Dealer Manager all earned but unpaid compensation and reimbursement for all incurred, accountable compensation to which the Dealer Manager is or becomes entitled under Section 5 of this Agreement, including but not limited to any Distribution Fees, pursuant to the requirements of that Section 5 at such times as such amounts become payable pursuant to the terms of such Section 5 without acceleration; provided, however, that if the Minimum Offering is not reached prior to such expiration or termination, the Company shall not pay any such compensation and reimbursements to the Dealer Manager.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Amendments This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Representations and Warranties Borrower represents and warrants as follows:

  • Compliance with Laws Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

  • General All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

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