Risks of Client Assets Received or Held Sample Clauses

Risks of Client Assets Received or Held. Outside Hong Kong
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Risks of Client Assets Received or Held. OUTSIDE HONG KONG
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Risks of Client Assets Received or Held. OUTSIDE HONG KONG 9.1 Client assets received or held by the licensed or registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap.571) and the rules made thereunder. Consequently, such client assets may not enjoy the same protection as that conferred on client assets received or held in Hong Kong.
Sample 1
Risks of Client Assets Received or Held. OUTSIDE HONG KONG In relation to Non-Hong Kong Securities or Securities held outside Hong Kong, the Broker or the Broker’s agent can, without specific authority from the Client: - (a) deposit any of the Non-Hong Kong Securities with any third parties outside Hong Kong including without limitation banks, Securities dealers, lending institutions as collateral for any financial accommodation provided to the Broker; (b) borrow or lend any of the Non-Hong Kong Securities with any third parties outside Hong Kong including without limitation banks, Securities dealers, lending institutions; (c) deposit any of the Non-Hong Kong Securities with any third parties outside Hong Kong including without limitation banks, Securities dealers, lending institutions as collateral for the discharge and satisfaction of the Broker’s settlement obligations and liabilities; and (d) deposit any of the Non-Hong Kong Securities with any third parties outside Hong Kong including without limitation banks, Securities dealers, lending institutions as collateral in respect of the Broker’s transactions in or relating to options contracts.
Sample 1

Related to Risks of Client Assets Received or Held

  • Excluded Assets The purchase of the Acquired Assets by the Buyers and the sale of the Acquired Assets by the Willtek Group contemplated by this Agreement shall not include the following assets of the Willtek Group (the “Excluded Assets”): (a) all cash and cash equivalents existing as of the Closing Date; (b) all rights of the Seller in and to this Agreement; (c) all Returns and rights to Tax refunds, credits, offsets or other tax benefits relating to any Pre-Closing Tax Period; (d) all claims, causes of action, judgments and rights in litigation of the Business to the extent related to any Excluded Asset; (e) subject to Section 5.9, any Contracts that are not Acquired Assets as identified on Schedule 2.2(e); (f) minute books, charter documents, stock or equity record books and records of the Willtek Group as related to corporate existence or capitalization; and (g) any of the common stock or other evidences of the equity interests of the Willtek Subsidiaries owned by Willtek. (h) except to the extent that the same are deemed to constitute Employee Plan Insurances, all current and prior insurance policies and all rights of any nature with respect thereto, including all insurance recoveries and return of premiums due thereunder, rights to assert claims with respect to any such policies and all premium deposits, claims deposits and other security deposits in connection therewith; (i) all rights of the Willtek Group under any confidentiality, non-use or similar Contract with any employee or contractor of the Seller to the extent that such rights are not related to the Business; (j) all personnel and employment records for employees and former employees who are not Transferred Employees; and (k) any properties, assets, goodwill and rights of the Seller of whatever kind and nature, real, personal or mixed, tangible or intangible that are set forth or described in Schedule 2.2(k) or are not related to the Business.

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