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Common use of Our Rights and Obligations Clause in Contracts

Our Rights and Obligations. 2.1 Where you authorise us to buy Financial Products, you will pay for those Products by the Settlement Date. 2.2 Subject to Clause 2.3, we are not obliged to Transfer Financial Products (i.e. settle buy orders) into your Sponsored Holding (i.e. HIN) if we have not received payment for that Product. 2.3 Where a contract for the purchase of Financial Products remains unpaid, we will contact you in writing to demand you pay for the Financial Products. If the Financial Products as necessary to cover the default at your risk and expense and that expense will include brokerage and stamp duty. Renounceable rights that relate to the Financial Products in your HIN will be treated in the same manner as the Products themselves. 2.4 In the cases we claim that an amount lawfully owed to us has not been paid by you, we have the right to refuse to comply with your Withdrawal Instructions, but only to the extent necessary to retain Financial Products of the minimum value held in a Sponsored Holding (where the minimum value is equal to 120% of the current market value the amount claimed).

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Our Rights and Obligations. 2.1 Where you authorise us to buy Financial Products, you will pay for those Products by the Settlement Date. 2.2 Subject to Clause 2.3, we are not obliged to Transfer Financial Products (i.e. settle buy orders) into your Sponsored Holding (i.e. HIN) if we have not received payment for that Product. 2.3 Where a contract for the purchase of Financial Products remains unpaid, we will contact you in writing to demand you pay for the Financial Products. If the Financial Products remain unpaid, we may sell those Products as necessary to cover the default at your risk and expense and that expense will include brokerage and stamp duty. Renounceable rights that relate to the Financial Products in your HIN will be treated in the same manner as the Products themselves. 2.4 In the cases we claim that an amount lawfully owed to us has not been paid by you, we have the right to refuse to comply with your Withdrawal Instructions, but only to the extent necessary to retain Financial Products of the minimum value held in a Sponsored Holding (where the minimum value is equal to 120% of the current market value the amount claimed).

Appears in 3 contracts

Samples: Client Agreement (Adviser Services), Client Agreement (Adviser Services), Client Agreement

Our Rights and Obligations. 2.1 Where you authorise us to buy Financial Products, you will pay for those Products by the Settlement Date. 2.2 Subject to Clause 2.3, we are not obliged to Transfer Financial Products (i.e. settle buy orders) into your Sponsored Holding (i.e. HIN) if we have not received payment for that Product. 2.3 Where a contract for the purchase of Financial Products remains unpaid, we will contact you in writing to demand you pay for the Financial Products. If the Financial Products Products as necessary to cover the default at your risk and expense and that expense will include brokerage and stamp duty. Renounceable rights that relate to the Financial Products in your HIN will be treated in the same manner as the Products themselves. 2.4 In the cases we claim that an amount lawfully owed to us has not been paid by you, we have the right to refuse to comply with your Withdrawal Instructions, but only to the extent necessary to retain Financial Products of the minimum value held in a Sponsored Holding (where the minimum value is equal to 120% of the current market value the amount claimed).

Appears in 1 contract

Samples: Client Agreement