SPV. SPV is a passive entity that does not actively perform actions itself. All actions for SPV are performed de facto by XXXXXX. The liability of SPV is limited to damage, which is the direct and foreseeable result of the negligence (in Dutch: verwijtbare tekortkoming) of SPV. DEGIRO guarantees to Client the fulfilment of the obligations and liabilities of SPV to Client. Client agrees explicitly and irrevocably that in case of failure of XXXXXX and/or SPV Client will only be allowed to recover damage from the assets of DEGIRO and not from the positions held by SPV for the account of the customers of DEGIRO.
Appears in 8 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
