TERMINATION AND DEFAULTS. Either party (Company or Client) can terminate this Agreement by giving five (5) Business Days written notice. Termination will be without prejudice to Transactions already initiated. In the case of such termination, all pending Transactions on behalf of the Client shall be cancelled and any open positions shall be closed. Upon termination of this Agreement the Company will be entitled, without prior notice to the Client, to cease the access of the Client to the Company’s Trading Platform. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice in the event of: i. Death of the Client; ii. If any application is made or any order is issued or a meeting is convened or a resolution is approved or any measures of bankruptcy or winding up of the Client are taken; iii. Such termination is required by any competent regulatory authority or body or court of law; iv. The Client violates any provision of this Agreement or any other Agreement and in the Company’s opinion the Agreement cannot be implemented; v. The Client involves the Company directly or indirectly in any type of fraud; vi. The Client has failed to provide any information related to any investigation or/and verification undertaken by the Company or/and any other Competent Authority; vii. The Client act in a rude or abusive manner to employees of the Company; viii. False and/or misleading information provided by the Client or unsubstantiated declarations made herein. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice, and the Company has the right to reverse and/or cancel all previous transactions on a Client’s account, in the event of: i. The Client involves the Company directly or indirectly in any type of fraud, in which it places the Company’s or any Company’s Clients interests at risk prior to terminating the Agreement; ii. The Company has grounds to believe that the Client’s trading activity affects in any manner the reliability and/or smooth operation and/or orderly of the Company’s Trading Platform. The termination of this Agreement shall not in any case affect the rights which have arisen, existing commitments or any contractual provision which was intended to remain in force after the termination and in the case of termination, the Client shall pay: i. Any pending fees/commissions of the Company and any other amount payable to the Company; ii. Any charge and additional expenses incurred or to be incurred by the Company as a result of the termination of this agreement; iii. Any damages which arose during the arrangement or settlement of pending obligations. The Company has the right to subtract all above pending obligations from the Client account. Upon termination of this Agreement, the Company shall immediately hand over to the Client the Client’s assets in its possession, provided that the Company shall be entitled to keep such Client’s assets as necessary to pay any pending obligations of the Client.
Appears in 5 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
TERMINATION AND DEFAULTS. Either party (Company or Client) can terminate this Agreement by giving five (5) Business Days written notice. Termination will be without prejudice to Transactions already initiated. In the case of such termination, all pending Transactions on behalf of the Client shall be cancelled and any open positions shall be closed. Upon termination of this Agreement the Company will be entitled, without prior notice to the Client, to cease the access of the Client to the Company’s Trading Platform. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice in the event of:
i. Death of the Client;
ii. If any application is made or any order is issued or a meeting is convened or a resolution is approved or any measures of bankruptcy or winding up of the Client are taken;
iii. Such termination is required by any competent regulatory authority or body or court of law;
iv. The Client violates any provision of this Agreement or any other Agreement and in the Company’s opinion the Agreement cannot be implemented;
v. The Client involves the Company directly or indirectly in any type of fraud;
vi. The Client has failed to provide any information related to any investigation or/and verification undertaken by the Company or/and any other Competent Authority;
vii. The Client act in a rude or abusive manner to employees of the Company;
viii. False and/or misleading information provided by the Client or unsubstantiated declarations made herein. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice, and the Company has the right to reverse and/or cancel all previous transactions on a Client’s account, in the event of:
i. The Client involves the Company directly or indirectly in any type of fraud, in which it places the Company’s or any Company’s Clients interests at risk prior to terminating the Agreement;
ii. The Company has grounds to believe that the Client’s trading activity affects in any manner the reliability and/or smooth operation and/or orderly of the Company’s Trading Platform. Kingstown, VC0100 St. Xxxxxxx and the Grenadines Email: xxxxxxxxx@xxxxxxxxxxxxxxxx.xxx Web: xxx.xxxxxxxxxxxxxxxx.xxx The termination of this Agreement shall not in any case affect the rights which have arisen, existing commitments or any contractual provision which was intended to remain in force after the termination and in the case of termination, the Client shall pay:
i. Any pending fees/commissions of the Company and any other amount payable to the Company;
ii. Any charge and additional expenses incurred or to be incurred by the Company as a result of the termination of this agreement;
iii. Any damages which arose during the arrangement or settlement of pending obligations. The Company has the right to subtract all above pending obligations from the Client account. Upon termination of this Agreement, the Company shall immediately hand over to the Client the Client’s assets in its possession, provided that the Company shall be entitled to keep such Client’s assets as necessary to pay any pending obligations of the Client.
Appears in 1 contract
Samples: Client Agreement
TERMINATION AND DEFAULTS. Either party (Company or Client) can terminate this Agreement by giving five (5) Business Days written notice. Termination will be without prejudice to Transactions already initiated. In the case of such termination, all pending Transactions on behalf of the Client shall be cancelled and any open positions shall be closed. Upon termination of this Agreement the Company will be entitled, without prior notice to Kingstown, VC0100 St. Xxxxxxx and the Grenadines Email: xxxxxxxxx@xxxxxxxxxxxxxxxx.xxx Web: xxx.xxxxxxxxxxxxxxxx.xxx the Client, to cease the access of the Client to the Company’s Trading Platform. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice in the event of:
i. Death of the Client;
ii. If any application is made or any order is issued or a meeting is convened or a resolution is approved or any measures of bankruptcy or winding up of the Client are taken;
iii. Such termination is required by any competent regulatory authority or body or court of law;
iv. The Client violates any provision of this Agreement or any other Agreement and in the Company’s opinion the Agreement cannot be implemented;
v. The Client involves the Company directly or indirectly in any type of fraud;
vi. The Client has failed to provide any information related to any investigation or/and verification undertaken by the Company or/and any other Competent Authority;
vii. The Client act in a rude or abusive manner to employees of the Company;
viii. False and/or misleading information provided by the Client or unsubstantiated declarations made herein. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice, and the Company has the right to reverse and/or cancel all previous transactions on a Client’s account, in the event of:
i. The Client involves the Company directly or indirectly in any type of fraud, in which it places the Company’s or any Company’s Clients interests at risk prior to terminating the Agreement;
ii. The Company has grounds to believe that the Client’s trading activity affects in any manner the reliability and/or smooth operation and/or orderly of the Company’s Trading Platform. The termination of this Agreement shall not in any case affect the rights which have arisen, existing commitments or any contractual provision which was intended to remain in force after the termination and in the case of termination, the Client shall pay:
i. Any pending fees/commissions of the Company and any other amount payable to the Company;
ii. Any charge and additional expenses incurred or to be incurred by the Company as a result of the termination of this agreement;
iii. Any damages which arose during the arrangement or settlement of pending obligations. Kingstown, VC0100 St. Xxxxxxx and the Grenadines Email: xxxxxxxxx@xxxxxxxxxxxxxxxx.xxx Web: xxx.xxxxxxxxxxxxxxxx.xxx The Company has the right to subtract all above pending obligations from the Client account. Upon termination of this Agreement, the Company shall immediately hand over to the Client the Client’s assets in its possession, provided that the Company shall be entitled to keep such Client’s assets as necessary to pay any pending obligations of the Client.
Appears in 1 contract
Samples: Client Agreement
TERMINATION AND DEFAULTS. Either party (Company or Client) can terminate this Agreement by giving five (5) Business Days written notice. Termination will be without prejudice to Transactions already initiated. In the case of such termination, all pending Transactions on behalf of the Client shall be cancelled and any open positions shall be closed. Upon termination of this Agreement the Company will be entitled, without prior notice to the Client, to cease the access of the Client to the Company’s Trading Platform. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice in the event of:
i. I. Death of the Client;
iiII. If any application is made or any order is issued issued, or a meeting is convened convened, or a resolution is approved or any measures of bankruptcy or winding up of the Client are taken;
iiiIII. Such termination is required by any competent regulatory authority or body or court of law;
ivIV. The Client violates any provision of this Agreement or any other Agreement and in the Company’s opinion the Agreement cannot be implemented;
v. V. The Client involves the Company directly or indirectly in any type of fraud;
viVI. The Client has failed to provide any information related to any investigation or/and verification undertaken by the Company or/and any other Competent Authority;
viiVII. The Client act in a rude or abusive manner to employees of the Company;
viiiVIII. False and/or misleading information provided by the Client or unsubstantiated declarations made herein. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice, and the Company has the right to reverse and/or cancel all previous transactions on a Client’s account, in the event of:.
i. I. The Client involves the Company directly or indirectly in any type of fraud, in which it places the Company’s or any Company’s Clients interests at risk prior to terminating the Agreement;
iiII. The Company has grounds to believe that the Client’s trading activity affects in any manner the reliability and/or smooth operation and/or orderly of the Company’s Trading Platform. The termination of this Agreement shall not in any case affect the rights which have arisen, existing commitments or any contractual provision which was intended to remain in force after the termination and in the case of termination, the Client shall pay:.
i. I. Any pending fees/commissions of the Company and any other amount payable to the Company;
iiII. Any charge and additional expenses incurred or to be incurred by the Company as a result of the termination of this agreement;
iiiIII. Any damages which arose during the arrangement or settlement of pending obligations. The Company has the right to subtract all above pending obligations from the Client account. Upon termination of this Agreement, the Company shall immediately hand over to the Client the Client’s assets in its possession, provided that the Company shall be entitled to keep such Client’s assets as necessary to pay any pending obligations of the Client.
Appears in 1 contract
Samples: Client Agreement
TERMINATION AND DEFAULTS. Either party (Company or Client) can terminate this Agreement by giving five (5) Business Days written Kingstown, VC0100 St. Xxxxxxx and the Grenadines Email: xxxxxxxxx@xxxxxxxxxxxxxxxx.xxx Web: xxx.xxxxxxxxxxxxxxxx.xxx notice. Termination will be without prejudice to Transactions already initiated. In the case of such termination, all pending Transactions on behalf of the Client shall be cancelled and any open positions shall be closed. Upon termination of this Agreement the Company will be entitled, without prior notice to the Client, to cease the access of the Client to the Company’s Trading Platform. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice in the event of:
i. Death of the Client;
ii. If any application is made or any order is issued or a meeting is convened or a resolution is approved or any measures of bankruptcy or winding up of the Client are taken;
iii. Such termination is required by any competent regulatory authority or body or court of law;
iv. The Client violates any provision of this Agreement or any other Agreement and in the Company’s opinion the Agreement cannot be implemented;
v. The Client involves the Company directly or indirectly in any type of fraud;
vi. The Client has failed to provide any information related to any investigation or/and verification undertaken by the Company or/and any other Competent Authority;
vii. The Client act in a rude or abusive manner to employees of the Company;
viii. False and/or misleading information provided by the Client or unsubstantiated declarations made herein. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice, and the Company has the right to reverse and/or cancel all previous transactions on a Client’s account, in the event of:
i. The Client involves the Company directly or indirectly in any type of fraud, in which it places the Company’s or any Company’s Clients interests at risk prior to terminating the Agreement;
ii. The Company has grounds to believe that the Client’s trading activity affects in any manner the reliability and/or smooth operation and/or orderly of the Company’s Trading Platform. The termination of this Agreement shall not in any case affect the rights which have arisen, existing Kingstown, VC0100 St. Xxxxxxx and the Grenadines Email: xxxxxxxxx@xxxxxxxxxxxxxxxx.xxx Web: xxx.xxxxxxxxxxxxxxxx.xxx commitments or any contractual provision which was intended to remain in force after the termination and in the case of termination, the Client shall pay:
i. Any pending fees/commissions of the Company and any other amount payable to the Company;
ii. Any charge and additional expenses incurred or to be incurred by the Company as a result of the termination of this agreement;
iii. Any damages which arose during the arrangement or settlement of pending obligations. The Company has the right to subtract all above pending obligations from the Client account. Upon termination of this Agreement, the Company shall immediately hand over to the Client the Client’s assets in its possession, provided that the Company shall be entitled to keep such Client’s assets as necessary to pay any pending obligations of the Client.
Appears in 1 contract
Samples: Client Agreement
TERMINATION AND DEFAULTS. Either party (Company or Client) can terminate this Agreement by giving five (5) Business Days written notice. Termination will be without prejudice to Transactions already initiated. In the case of such termination, all pending Transactions on behalf of the Client shall be cancelled and any open positions shall be closed. Upon termination of this Agreement the Company will be entitled, without prior notice to the Client, to cease the access of the Client to the Company’s Trading Platform. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice in the event of:
i. Death of the Client;
ii. If any application is made or any order is issued or a meeting is convened or a resolution is approved or any measures of bankruptcy or winding up of the Client are taken;
iii. Such termination is required by any competent regulatory authority or body or court of law;
iv. The Client violates any provision of this Agreement or any other Agreement and in the Company’s opinion the Agreement cannot be implemented;
v. The Client involves the Company directly or indirectly in any type of fraud;
vi. The Client has failed to provide any information related to any investigation or/and verification undertaken by the Company or/and any other Competent Authority;
vii. The Client act in a rude or abusive manner to employees of the Company;
viii. False and/or misleading information provided by the Client or unsubstantiated declarations made herein. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice, and the Company has the right to reverse and/or cancel all previous transactions on a Client’s account, in the event of:
i. The Client involves the Company directly or indirectly in any type of fraud, in which it places the Company’s or any Company’s Clients interests at risk prior to terminating the Agreement;
; ii. The Company has grounds to believe that the Client’s trading activity affects in any manner manner
iii. The failure of the reliability Client to provide any Initial Margin and/or smooth operation Hedged Margin, or other amount due under the Agreement;
iv. The failure of the Client to perform any obligation due to the Company including but not limited to the obligation of the Client to submit any identification documentation and/or orderly any other information required by the Company and/or satisfy any other request for KYC verification determined in the Company’s sole discretion;
v. The Client involves the Company in any type of fraud or illegality or may be at risk of involving the Company in any type of fraud or illegality, such risk determined in good faith by the Company;
vi. If the Company suspects that the Client is engaged into money laundering activities and/or terrorist financing and/or in any other criminal activities or for any other cases where the Client may involve the Company in any type of fraud or illegality and/or in any activity considered suspicious by the Company.
vii. If the Company suspects that Client is engaged in fraudulent and/ or illegal and/or abnormal activities or doubtful operations as further defined in the General Business Terms, and/or any other activities considered suspicious at the Company’s discretion.
viii. If the Company has reason to suspect that the Client is involved in any kind of credit/debit card fraud including the situation where for any reason a claim, dispute, and/or chargeback is received by any payment service provider and/or method.
ix. If the Client infringes and/or violates any internal policies and procedures of the Company. Company may, at its absolute discretion, at any time and without prior Written Notice, take one or more of the following actions:
A. Temporarily block the Client Account and/or accounts of another Client which the Company considers to be involved in suspicious activity, until the Company can determine if an Event of Default has occurred. In case of investigation of Events of Default, the Company may request the Client to provide various documents and the Client is under an obligation to provide such;
B. The Company has the right to combine any Client Accounts of the Client, to consolidate the Balances in such Client Accounts and to set-off those Balances with obligations of the Client towards the Company;
C. The Company has the right to close the Client Account(s);
D. The Company has the right to convert any currency;
E. The Company has the right to close out the Client’s Trading Platform. Open Positions at current Quotes;
F. Terminate this Agreement without notice to the Client The termination of this Agreement shall not in any case affect the rights which have arisen, existing commitments or any contractual provision which was intended to remain in force after the termination and in the case of termination, the Client shall pay:
i. Any pending fees/commissions of the Company and any other amount payable to the Company;
ii. Any charge and additional expenses incurred or to be incurred by the Company as a result of the termination of this agreement;
iii. Any damages which arose during the arrangement or settlement of pending obligations. obligations The Company has the right to subtract all above pending obligations from the Client account. Upon termination of this Agreement, the Company shall immediately hand over to the Client the Client’s assets in its possession, provided that the Company shall be entitled to keep such Client’s assets as necessary to pay any pending obligations of the Client. The Client acknowledges that no representations were made to him/her by or on behalf of the Company which may have in any way incited or persuaded him/her to enter into this Agreement. The Client shall not assign charge or otherwise transfer or purport to assign charge or otherwise transfer Client’s rights or obligations under this agreement or any interest in this Agreement, without Company’s prior written consent, and any purported assignment, charge or transfer in violation of this paragraph shall be void. If the Client is a partnership, or otherwise comprise more than one person, Client’s liability under this Agreement shall be joint and several. In the event of the demise, bankruptcy, winding-up or dissolution of any one or more of such persons, then (but without prejudice to the above or Company’s rights in respect of such person and his successors) the obligations and rights of all other such persons under this Agreement shall continue in full force and effect. Any reference in this Agreement to the Client shall be construed, where appropriate, as reference to one or more of these persons. Any warning or other notice given to one of the persons which form the Client shall be deemed to have been given to all the persons who form the Client. Any Order given by one of the persons who form the Client shall be deemed to have been given by all the persons who form the Client. Any waiver of this Agreement must be set out in writing, must be expressed to waive this Agreement, and must be signed by or on behalf of both the Company and the Client. Without prejudice to any other rights to which the Company may be entitled, the Company may at any time and without notice to the Client set off any amount (whether actual or contingent, present or future) at any time owing between the Client and the Company. The Company can off-set any owned amounts using any account(s) the Client maintains with the Company. If any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions of this Agreement nor the legality, validity or enforceability of such provision under the law of any other jurisdiction shall be affected or impaired. The Company’s records, unless shown to be wrong, will be evidence of Client’s dealings with the Company in connection with Company’s Services. The Client will not rely on the Company to comply with Client’s record keeping obligations, although records may be made available to the Client on request at Company’s discretion. This Agreement and all Transactions are subject to Applicable Regulations so that: (i) if there is any conflict between this Agreement and any Applicable Regulations, the latter will prevail; (ii) nothing in this Agreement shall exclude or restrict any obligation which the Company has to the Client under Applicable Regulations; (iii) the Company may take or omit to take any action it considers necessary to ensure compliance with any Applicable Regulations and whatever the Company does or fail to do in order to comply with them will be binding on the Client. This Agreement may be amended by the Company from time to time. Any changes to this Agreement will not apply to transactions performed prior to the date on which the changes become effective unless specifically agreed otherwise. The Company shall notify the Client of any changes in this Agreement either in writing or by email or through the Company’s Website. Should the Client disagree with the changes made by the Company, the Client may terminate the Agreement. The Company shall provide no statements of accounts in relation to financial instruments traded through Client’s trading account. The Client may, at any time during his relationship with the Company, review the current and any historic state of his/her trading account directly through the trading platform(s). The Client undertakes to pay all stamp duty and expenses relating to this Agreement and any documentation which may be required for the execution of this Agreement and of any transaction hereunder. The location of detailed information regarding the execution and conditions for the investment transactions in Financial Instruments markets conducted by the Company, and other information regarding the activities of the Company, are made available on the Company’s Website. The Client shall regularly visit Company’s Website to obtain updated information. Notwithstanding the above, any indication or suspicion, in the Company’s discretion, of any form of arbitrage performed in your trading account either solely or in connection with other clients of the Company (including but not limited to risk-free profiting), abuse (including but not limited to participant's trading activity patterns that indicate that the participant solely aims to benefit financially without being genuinely interested in trading in the markets and/or taking market risk), internal hedging in coordination with other parties and abuse of our "negative balance protection" or "promotion", constitute a violation of these Terms and Conditions. In such cases, we reserve the right, among others, to remove any promotional benefits such as credit bonus or cashbacks, and to transfer any or all funds you or other accounts associated with you may have to set-off the obligations (e.g., negative balance) that have occurred to the other account used for any abusive acts.
Appears in 1 contract
Samples: Client Agreement
TERMINATION AND DEFAULTS. Either party (Company or Client) can terminate this Agreement by giving five (5) Business Days written notice. Termination will be without prejudice to Transactions already initiated. In the case of such Kingstown, VC0100 St. Xxxxxxx and the Grenadines Email: xxxxxxxxx@xxxxxxxxxxxxxxxx.xxx Web: xxx.xxxxxxxxxxxxxxxx.xxx termination, all pending Transactions on behalf of the Client shall be cancelled and any open positions shall be closed. Upon termination of this Agreement the Company will be entitled, without prior notice to the Client, to cease the access of the Client to the Company’s Trading Platform. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice in the event of:
i. Death of the Client;
ii. If any application is made or any order is issued or a meeting is convened or a resolution is approved or any measures of bankruptcy or winding up of the Client are taken;
iii. Such termination is required by any competent regulatory authority or body or court of law;
iv. The Client violates any provision of this Agreement or any other Agreement and in the Company’s opinion the Agreement cannot be implemented;
v. The Client involves the Company directly or indirectly in any type of fraud;
vi. The Client has failed to provide any information related to any investigation or/and verification undertaken by the Company or/and any other Competent Authority;
vii. The Client act in a rude or abusive manner to employees of the Company;
viii. False and/or misleading information provided by the Client or unsubstantiated declarations made herein. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice, and the Company has the right to reverse and/or cancel all previous transactions on a Client’s account, in the event of:
i. The Client involves the Company directly or indirectly in any type of fraud, in which it places the Company’s or any Company’s Clients interests at risk prior to terminating the Agreement;
ii. The Company has grounds to believe that the Client’s trading activity affects in any manner the reliability and/or smooth operation and/or orderly of the Company’s Trading Platform. The termination of this Agreement shall not in any case affect the rights which have arisen, existing commitments or any contractual provision which was intended to remain in force after the termination and in the case of termination, the Client shall pay:
i. Any pending fees/commissions of the Company and any other amount payable to the Company;
ii. Any charge and additional expenses incurred or to be incurred by the Company as a result of the termination of this agreement;; Kingstown, VC0100 St. Xxxxxxx and the Grenadines Email: xxxxxxxxx@xxxxxxxxxxxxxxxx.xxx Web: xxx.xxxxxxxxxxxxxxxx.xxx
iii. Any damages which arose during the arrangement or settlement of pending obligations. The Company has the right to subtract all above pending obligations from the Client account. Upon termination of this Agreement, the Company shall immediately hand over to the Client the Client’s assets in its possession, provided that the Company shall be entitled to keep such Client’s assets as necessary to pay any pending obligations of the Client.
Appears in 1 contract
Samples: Client Agreement
TERMINATION AND DEFAULTS. Either party (Company or Client) can terminate this Agreement by giving five (5) Business Days written notice. Termination will be without prejudice to Transactions already initiated. In the case of such termination, all pending Transactions on behalf of the Client shall be cancelled and any open positions shall be closed. Upon termination of this Agreement the Company will be entitled, without prior notice to the Client, to cease the access of the Client to the Company’s Trading Platform. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice in the event of:
i. Death of the Client;
ii. If any application is made or any order is issued or a meeting is convened or a resolution is approved or any measures of bankruptcy or winding up of the Client are taken;
iii. Such termination is required by any competent regulatory authority or body or court of law;
iv. The Client violates any provision of this Agreement or any other Agreement and in the Company’s opinion the Agreement cannot be implemented;
v. The Client involves the Company directly or indirectly in any type of fraud;
vi. The Client has failed to provide any information related to any investigation or/and verification Suite 305, Xxxxxxxx Corporate Centre P.O. Box 1510, Beachmont, Kingstown St. Xxxxxxx and the Grenadines Email: xxxxxxxxx@xxxxxxxxxxxxxxxx.xxx Web: xxx.xxxxxxxxxxxxxxxx.xxx undertaken by the Company or/and any other Competent Authority;
vii. The Client act in a rude or abusive manner to employees of the Company;
viii. False and/or misleading information provided by the Client or unsubstantiated declarations made herein. The Company may terminate this Agreement immediately without giving five (5) Business Days’ notice, and the Company has the right to reverse and/or cancel all previous transactions on a Client’s account, in the event of:
i. The Client involves the Company directly or indirectly in any type of fraud, in which it places the Company’s or any Company’s Clients interests at risk prior to terminating the Agreement;
ii. The Company has grounds to believe that the Client’s trading activity affects in any manner the reliability and/or smooth operation and/or orderly of the Company’s Trading Platform. The termination of this Agreement shall not in any case affect the rights which have arisen, existing commitments or any contractual provision which was intended to remain in force after the termination and in the case of termination, the Client shall pay:
i. Any pending fees/commissions of the Company and any other amount payable to the Company;
ii. Any charge and additional expenses incurred or to be incurred by the Company as a result of the termination of this agreement;
iii. Any damages which arose during the arrangement or settlement of pending obligations. The Company has the right to subtract all above pending obligations from the Client account. Upon termination of this Agreement, the Company shall immediately hand over to the Client the Client’s assets in its possession, provided that the Company shall be entitled to keep such Client’s assets as necessary to pay any pending obligations of the Client.
Appears in 1 contract
Samples: Client Agreement
