Common use of AUTHORIZATION TO TRADE Clause in Contracts

AUTHORIZATION TO TRADE. MFM GROUP LTD is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, MFM GROUP LTD is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as MFM GROUP LTD deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or MFM GROUP LTD' trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to MFM GROUP LTD from persons MFM GROUP LTD, in its sole judgment, believes are apparently authorized by Customer. If Customer’s account is titled as a joint account, MFM GROUP LTD is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. MFM GROUP LTD shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by MFM GROUP LTD in reliance on any such instructions or on the apparent authority of any such persons.

AUTHORIZATION TO TRADE. MFM GROUP IMGFX LTD is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, MFM GROUP IMGFX LTD is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as MFM GROUP IMGFX LTD deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or MFM GROUP IMGFX LTD' 's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to MFM GROUP IMGFX LTD from persons MFM GROUP IMGFX LTD, in its sole judgment, believes are apparently authorized by Customer. If Customer’s account is titled as a joint account, MFM GROUP IMGFX LTD is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. MFM GROUP IMGFX LTD shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by MFM GROUP IMGFX LTD in reliance on any such instructions or on the apparent authority of any such persons.

AUTHORIZATION TO TRADE. MFM GROUP LTD XXXXXXX.XXX is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, MFM GROUP LTD XXXXXXX.XXX is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as MFM GROUP LTD XXXXXXX.XXX deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or MFM GROUP LTD' XXXXXXX.XXX's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to MFM GROUP LTD XXXXXXX.XXX from persons MFM GROUP LTDXXXXXXX.XXX, in its sole judgment, believes are apparently authorized by Customer. If Customer’s account is titled as a joint account, MFM GROUP LTD XXXXXXX.XXX is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. MFM GROUP LTD XXXXXXX.XXX shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by MFM GROUP LTD XXXXXXX.XXX in reliance on any such instructions or on the apparent authority of any such persons.

AUTHORIZATION TO TRADE. MFM GROUP IMGFX LTD is authorized to purchase and sell FOREX for Customer’s account(s) with a counter party bank or sophisticated institutions or participants in accordance with Customer’s oral or written or computer instructions, subject to the terms of this Agreement and all annexes hereto. Unless instructed by Client to the contrary in writing, MFM GROUP IMGFX LTD is authorized to execute all orders with such banking institutions, counter party, bank, or sophisticated institutional participants as MFM GROUP IMGFX LTD deems appropriate. Customer is obligated to keep passwords secret and solely responsible to ensure that third parties do not obtain access to the password or MFM GROUP IMGFX LTD' 's trading facilities. Customer agrees to be conclusively responsible for any instruction received electronically that is identified with Customer’s password and account number and for any electronic, oral and written instruction (including, but limited to, any order) to MFM GROUP IMGFX LTD from persons MFM GROUP IMGFX LTD, in its sole judgment, believes are apparently authorized by CustomerXxxxxxxx. If Customer’s account is titled as a joint account, MFM GROUP IMGFX LTD is authorized to act on the instructions of any one owner, without further inquiry, with regard to trading in the account and the disposition of any and all assets in the account. MFM GROUP IMGFX LTD shall have no responsibility for further inquiry into such apparent authority and no liability for the consequences of any actions taken or failed to be taken by MFM GROUP IMGFX LTD in reliance on any such instructions or on the apparent authority of any such persons.