Common use of Third Party Instructions Clause in Contracts

Third Party Instructions. The Client understands that USL will not accept any third party Instruction, unless the Client has formally executed and delivered a valid power of attorney which expressively authorizes a named specific party to emit trade Instruction on the Client’s behalf. The Client further agrees to indemnify USL from any disputes, losses and other claims arising from the execution by USL of any unauthorized third party Instruction transmitted on the Client’s behalf. Should the Client decides to employ a third party to give Instructions, the Client agrees to supply USL with an accurate and truthful identification and personal information about the designated third party. The Client also understands those personal information will be made available to Hong Kong regulators and other government agencies, including but not limited to the SFC, Exchange, Independent Commission Against Corruption (ICAC) and so forth.

Third Party Instructions. The Client understands that USL NECHK will not accept any third party Instructioninstruction, unless the Client has formally executed and delivered a valid power of attorney which expressively authorizes a named specific party to emit trade Instruction instruction on the Client’s behalf. The Client further agrees to indemnify USL NECHK from any disputes, losses and other claims arising from the execution by USL NECHK of any unauthorized third party Instruction instruction transmitted on the Client’s behalf. Should the Client decides to employ a third party to give Instructionsinstructions, the Client agrees to supply USL NECHK with an accurate and truthful identification and personal information about the designated third party. The Client also understands those personal information will be made available to Hong Kong regulators and other government agencies, including but not limited to the SFC, the Exchange, the Independent Commission Against Corruption (“ICAC”) and so forth.