Common use of THE CLIENT’S OBLIGATIONS Clause in Contracts

THE CLIENT’S OBLIGATIONS. 8.1 The Client undertakes that he will not permit the services provided by the Bank to be used for the evasion of any fiscal imposition of the Island of Guernsey or elsewhere or in breach of or contrary to any Applicable Laws. 8.2 The Client agrees that, on giving Proper Instructions to deal in Options in accordance with paragraph 5, the Client will provide to the Bank a Margin. The Client acknowledges that the Bank may use its discretion as to whether or not to act on Proper Instructions to purchase Options and other Derivatives and, in any event, cannot be required to act unless provided with any Margin which the Bank has requested. 8.3 The Client agrees that he will notify the Bank immediately of any change in his name, address, status or in any of the other information supplied by him to the Bank and shall respond promptly to any queries or requests for information from the Bank. 8.4 The Client confirms and acknowledges that: 8.4.1. in all matters relating to the entry into this Agreement and dealings in the Portfolio the Client has obtained independent legal, accounting, taxation, investment and other relevant professional advice and has not received any advice from the Bank at any time in relation to such matters; 8.4.2. the Bank has given no assurance that the arrangements put in place in respect of the Portfolio or any investment policy adopted by the Client will attain the objectives and advantages intended by the Client; 8.4.3. the Bank will be under no obligation to settle the purchase of additional investments for the Portfolio unless arrangements satisfactory to the Bank relating to the payment of the purchase price have previously been made and the Bank will not be liable to the Client in respect of any loss which may be suffered by the Client as a result of any delay in fulfilling any obligation to settle.

THE CLIENT’S OBLIGATIONS. 8.1 The Client undertakes that he will not permit the services provided by the Bank to be used for the evasion of any fiscal imposition of the Island of Guernsey Jersey or elsewhere or in breach of or contrary to any Applicable Laws. 8.2 The Client agrees that, on giving Proper Instructions to deal in Options in accordance with paragraph 5, the Client will provide to the Bank a Margin. The Client acknowledges that the Bank may use its discretion as to whether or not to act on Proper Instructions to purchase Options and other Derivatives and, in any event, cannot be required to act unless provided with any Margin which the Bank has requested. 8.3 The Client agrees that he will notify the Bank immediately of any change in his name, address, status or in any of the other information supplied by him to the Bank and shall respond promptly to any queries or requests for information from the Bank. 8.4 The Client confirms and acknowledges that: 8.4.1. in all matters relating to the entry into this Agreement and dealings in the Portfolio the Client has obtained independent legal, accounting, taxation, investment and other relevant professional advice and has not received any advice from the Bank at any time in relation to such matters; 8.4.2. the Bank has given no assurance that the arrangements put in place in respect of the Portfolio or any investment policy adopted by the Client will attain the objectives and advantages intended by the Client; 8.4.3. the Bank will be under no obligation to settle the purchase of additional investments for the Portfolio unless arrangements satisfactory to the Bank relating to the payment of the purchase price have previously been made and the Bank will not be liable to the Client in respect of any loss which may be suffered by the Client as a result of any delay in fulfilling any obligation to settle.