OTC Assets. 1. OTC Asset or “over the counter” is an asset that is traded out of the regular market (hereinafter referred to as the “Asset”).
OTC Assets. OTC Asset or “over the counter” is an asset that traded out of the regular market (hereinafter referred to as the “Asset”). The Asset’s price is formed from data for trade requests and orders of the Clients, received by the Company. The Client acknowledges that by making trade requests and orders on such Asset, he/she understands the essence of the work of such an Asset and the pricing algorithm of the Asset. The Client acknowledges that by making trade requests and orders on such Asset, he/she admits that the only reliable source of quoting information is the main server for the trade orders of the Clients.
OTC Assets. Upon the terms and subject to the conditions contained herein, at the Closing (as defined in Section 2.1) the OTCs shall grant, sell, convey, assign, transfer and deliver to Buyer, free and clear of all Liens (as defined in Section 9.12) except for Asset Purchase Agreement Permitted Liens (as defined in Section 9.12), all of the following assets, properties and rights of the OTCs and no others (collectively, the "OTC Assets"):
