Common use of Third Party Authorisation Clause in Contracts

Third Party Authorisation. 20.1. The Client has the right to authorise a third person to place instructions and/or orders to the Company or to handle any other matters related to the Client Account, provided that the Client notifies the Company in writing in the event of exercising such a right and this person is approved by the Company and fulfills all of the Company specifications. The activities of such a third party, who is granted an authorization shall be regularly monitored by the Client. The Company shall not be liable for any damages caused by any instructions issued by an authorised person to the Company. 20.2. Unless the Company receives a written notification from the Client for the termination of the authorization of the person as described in paragraph 20.1., the Company will continue accepting instructions and/or orders and/ or other instructions relating to the Client Account given by this person on the Client’s behalf and the Client will recognize such orders as valid. 20.3. The written notification for the termination of the third-party authorization must be received by the Company with at least 5 days’ notice prior to the termination of the authorization date. 20.4. The Company has the right (but NOT an obligation to the Client) to refuse to accept orders and/ or other instructions relating to the Client Account from the third-party in any of the following cases: (a) If the Company reasonably suspects that the third person is not legally allowed or properly authorised to act as such; (b) An Event of Default as this is defined in the Client Agreement occurred; (c) For the Company to ensure compliance with the relevant market rules and or practices, Applicable Regulations or other applicable laws; (d) In order to protect the interest of the Client.

Third Party Authorisation. 20.1. The Client has the right to authorise a third person to place instructions and/or orders to the Company or to handle any other matters related to the Client Account, provided that the Client notifies the Company in writing in the event of exercising such a right and this person is approved by the Company and fulfills all of the Company specifications. The activities of such a third party, who is granted an authorization shall be regularly monitored by the Client. The Company shall not be liable for any damages caused by any instructions issued by an authorised person to the Company. 20.2. Unless the Company receives a written notification from the Client for the termination of the authorization of the person as described in paragraph 20.1., the Company will continue accepting instructions and/or orders and/ or other instructions relating to the Client Account given by this person on the Client’s behalf and the Client will recognize recognise such orders as valid. 20.3. The written notification for the termination of the third-party authorization must be received by the Company with at least 5 days’ notice prior to the termination of the authorization date. 20.4. The Company has the right (but NOT an obligation to the Client) to refuse to accept orders and/ or other instructions relating to the Client Account from the third-party in any of the following cases: (a) If the Company reasonably suspects that the third person is not legally allowed or properly authorised to act as such; (b) An Event of Default as this is defined in the Client Agreement occurred; (c) For the Company to ensure compliance with the relevant market rules and or practices, Applicable Regulations or other applicable laws; (d) In order to protect the interest of the Client.

Third Party Authorisation. 20.1. 20.1 The Client has the right to authorise a third person to place instructions and/or orders to the Company or to handle any other matters related to the Client Account, provided that the Client notifies the Company in writing in the event of exercising such a right and this person is approved by the Company and fulfills all of the Company specifications. The activities of such a third party, who is granted an authorization shall be regularly monitored by the Client. The Company shall not be liable for any damages caused by any instructions issued by an authorised person to the Company. 20.2. 20.2 Unless the Company receives a written notification from the Client for the termination of the authorization of the person as described in paragraph 20.1., the Company will continue accepting instructions and/or orders and/ or other instructions relating to the Client Account given by this person on the Client’s behalf and the Client will recognize such orders as valid. 20.3. 20.3 The written notification for the termination of the third-party authorization must be received by the Company with at least 5 days’ notice prior to the termination of the authorization date. 20.4. 20.4 The Company has the right (but NOT an obligation to the Client) to refuse to accept orders and/ or other instructions relating to the Client Account from the third-party in any of the following cases:cases:‌‌ (a) If the Company reasonably suspects that the third person is not legally allowed or properly authorised to act as such; (b) An Event of Default as this is defined in the Client Agreement occurred; (c) For the Company to ensure compliance with the relevant market rules and or practices, Applicable Regulations or other applicable laws; (d) In order to protect the interest of the Client.