Common use of Third Party Authorisation Clause in Contracts

Third Party Authorisation. 6.1. The Client has the right to authorise a third person to give Instructions, Requests and Orders to the Company concerning any Transaction, or proposed Transaction, or to handle any other matters related to this Agreement or to vary the terms or terminate the so called Agreement, provided the Client has notified the Company in writing of exercising such a right and the Company gave its approval on such authorisation. The Company has the right but not an obligation to ask for any specifications for this person. 6.2. The third party authorization granted is in addition to and does not limit or restrict any other authorization under this Agreement or any other agreement that may exist between the Company and the Client. 6.3. Unless the Company receives and acknowledges a written (notification from the Client for the) termination/revocation at its offices of the said person’s authorisation (appointed under clause 6.1.), it will continue accepting Request, Instructions, Orders and other communications given by this person and the Client agrees that such are valid and committing to the Client. 6.4. The written notification for the termination of the authorisation to a third party (appointed under clause 6.1.) has to be received and acknowledged by the Company with at least 5 days notice prior the termination date. 6.5. In the event of the death or incapacity of the Client, the Company will have no responsibility or liability whatsoever in respect of the actions or omissions or fraud of the authorised third party (appointed under clause 6.1.) in relation to the Client Account and/ or Client Money and the Company will continue accepting Requests, Instructions, Orders and other communication given by this person and will recognize such as valid, until the Company receives actual notice of the death or mental incapacity of the Client. 6.6. Such notice of revocation shall not relieve the Client from any obligation of liabilities arising from or in respect thereof or in relation to transactions or his accounts in general. 6.7. Third party authorization shall be governed by and construed in accordance with Cyprus law and in the event of any dispute the Client shall submit to the non-exclusive jurisdiction of the Cyprus Court.

Third Party Authorisation. 6.1. The Client has the right to authorise a third person to give Instructions, Requests and Orders to the Company concerning any Transaction, or proposed Transaction, or to handle any other matters related to this Agreement or to vary the terms or terminate the so called Agreement, provided the Client has notified the Company in writing of exercising such a right and the Company gave its approval on such authorisationright. The Company has the right but not an obligation obliga- tion to ask for any specifications for this person. 6.2. The third party authorization granted is in addition to and does not limit or restrict any other authorization autho- rization under this Agreement or any other agreement that may exist between the Company and the Client. 6.3. Unless the Company receives and acknowledges a written (notification from the Client for the) termination/revocation at its offices of the said person’s authorisation (appointed under clause 6.1.), it will continue accepting Request, Instructions, Orders and other communications given by this person and the Client agrees that such are valid and committing to the Client. 6.4. The written notification for the termination of the authorisation to a third party (appointed under clause 6.1.) has to be received and acknowledged by the Company with at least 5 days notice prior the termination date. 6.5. In the event of the death or mental incapacity of the Client, the Company will have no responsibility or liability whatsoever in respect of the actions or omissions or fraud of the authorised third party (appointed ap- pointed under clause 6.1.) in relation to the Client Account and/ or Client Money and the Company will continue accepting Requests, Instructions, Orders and other communication given by this person and will recognize such as valid, until the Company receives actual notice of the death or mental incapacity of the Client. 6.6. Such notice of revocation shall not relieve the Client from any obligation of liabilities arising from or in respect thereof or in relation to transactions or his accounts in general. 6.7. Third party authorization shall be governed by and construed in accordance with Cyprus Mauritius law and in the event of any dispute the Client shall submit to the non-exclusive jurisdiction of the Cyprus Mauritius Court.