Underlying Customer definition

Underlying Customer means any Underlying Customer agreed by us from time to time on behalf of which you are to enter as agent into Transactions with us; and where an Underlying Customer does not constitute a single legal person, means the individuals or other persons who are the primary representatives of the organisation on whose behalf they are dealing.Annex 8 Custody Services
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Underlying Customer means any Person or Persons that are obligors in respect of any PSA by and between such Underlying Customer and Borrower (or any Series thereof).
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Underlying Customer means the customer for whom the Client is providing financial services;
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Examples of Underlying Customer in a sentence

  • BCS will not be responsible for judging the merits or suitability of any Transaction to be entered into on behalf of an Underlying Customer.

  • We will not be responsible for judging the merits or suitability of any Transaction to be entered into on behalf of an Underlying Customer.

  • In respect of an Event of Default which occurs in respect of you (as opposed to any Underlying Customer), our rights under the Netting Clause shall apply separately in respect of each sub-account.

  • Upon request, you shall inform us of the identity, address and any other details which we require in respect of an Underlying Customer to enable us to form a credit and counterparty risk assessment.

  • Unless otherwise required under Applicable Law, we shall have no responsibility for your or any Underlying Customer's compliance with any laws or rules governing or affecting your conduct or that of any Underlying Customer, or for your or any Underlying Customer's compliance with any laws or rules governing or affecting Transactions.

  • The Client expressly consents to be relied on to apply customer due diligence measures and where required, will furnish BCS the documentary evidence retained in respect of its Underlying Customer to the extent permitted by the Applicable Regulations.

  • The determination of impairment losses for financial assets is inherently subjective because it requires material estimates, including the amount and timing of expected recoverable future cash flows.

  • Additional copies may be downloaded from http://bit.ly/GrantsExpenseReport.

  • You undertake, as agent for the relevant Underlying Customer and on your own behalf, in respect of each instruction given, to specify within two hours of giving an instruction (or such other time as we may reasonably specify) the sub account to which the relevant instruction relates.

  • If we are not able to verify your identity, the identity of Underlying Customers or the ultimate beneficial owner of the Underlying Customers, we reserve the right to cease to provide Services to you and the Underlying Customer.

Related to Underlying Customer

  • Relevant Customer means a person, firm or company who during the period of twelve months immediately preceding the Termination Date conducted a business relationship (including, without limitation, the provision of services and the negotiation for the same) with the Company or any Group Company and with whom the Executive had significant contact as an employee of the Company;

  • Indigent Customer means the head of an indigent household:-

  • DMA Customer means a Customer of a Sponsoring Broker where representatives of the Customer that are natural persons are designated by the Sponsoring Broker to have Trading Access to the SEF Platform using the Participant ID of the Sponsoring Broker and where such Customer signs the DMA Customer Documentation.

  • Host Customer means the customer account directly connected to a Customer-Generator Facility or Community Energy Facility, or, for a stand-alone Community Energy Facility, the customer account as designated by the Subscribers who share the energy production of the Community Energy Facility.

  • End-Use Customer means a person or entity in Delaware that purchases electrical energy at retail prices from a Retail Electricity Supplier.

  • Existing Customer means an individual who has purchased goods or services from a person, who is the recipient of a voice communication from that person, and who either paid for the goods or services within the 12 months preceding the voice communication or has not paid for the goods and services at the time of the voice communication because of a prior agreement between the person and the individual.

  • End User Customer means a third party retail Customer that subscribes to a Telecommunications Service provided by either of the Parties or by another Carrier or by two (2) or more Carriers.

  • Customer Site means the site owned or leased by the Customer or any other site used to provide the Service, which is directly connected to a PoP managed by Liquid Telecom, as set out in the COF;

  • Net metering customer means a customer of the electric distribution company

  • TCP Customers We will not impose Credit Management Charges unless the Charges are a reimbursement of our costs and you are advised of their amount or method of calculation.

  • Network Customer means an entity receiving transmission service pursuant to the terms of the Transmission Provider’s Network Integration Transmission Service under Tariff, Part III. Network External Designated Transmission Service:

  • Customer means the State agency or other entity identified in a contract as the party to receive commodities or contractual services pursuant to a contract or that orders commodities or contractual services via purchase order or other contractual instrument from the Contractor under the Contract. The “Customer” may also be the “Buyer” as defined in the PUR 1001 if it meets the definition of both terms.

  • wholesale customer means a natural or legal person purchasing electricity for the purpose of resale inside or outside the system where he is established;

  • End Customer means any party that is licensed to receive the Data either directly or via a Redistributor or group of Redistributors.

  • Native Load Customers means the wholesale and retail power customers of a Transmission Owner on whose behalf the Transmission Owner, by statute, franchise, regulatory requirement, or contract, has undertaken an obligation to construct and operate the Transmission Owner’s system to meet the reliable electric needs of such customers.

  • Customer User means an employee of Customer, a Customer Affiliate or Business Partner.

  • service supplier means any person that supplies a service;

  • Retail customer means any person that purchases retail electric energy for its own consumption at

  • Business Customer means a customer who is not a residential customer.

  • Related Supplier means any person who provides services to the Customer which are related to the Services from time to time;

  • Customer Usage Data means the Telecommunications Services usage data of a CLEC End User measured in minutes, sub-minute increments, message units, or otherwise, that is recorded by SBC-13STATE and forwarded to CLEC.

  • financial service supplier means any natural or juridical person of a Party wishing to supply or supplying financial services but the term “financial service supplier” does not include a public entity;

  • Customer Support means the services by which 21Vianet may provide assistance to Customer to resolve issues with the Services.

  • Open Access Customer means a consumer permitted by the Commission to receive supply of electricity from a person, other than Distribution Licensee of his area of supply, and the expression includes a generating company and a Licensee, who has availed of or intends to avail of open access;

  • New Customer has the meaning set forth in Section 17.3(b).

  • END USER CUSTOMER LOCATION means the physical location of the premises where an End User makes use of the telecommunications services.