Common use of COMMISSION AND PAYMENT Clause in Contracts

COMMISSION AND PAYMENT. 7.1 Subject to the provisions of this Clause 7 and subject at all times to the Marketing Partner being in full compliance with its obligations under this Agreement, the Marketing Partner shall be entitled to Commission if a prospective Client referred by the Marketing Partner registers with any member of the Ava Group accepting the Terms and Conditions, and continuously complies with the relevant compliance, anti-money laundering, know-your-customer requirements, trading and other terms and conditions. The Marketing Partner acknowledges, understands, agrees and accepts that the Ava Group retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group and that it will at no time be permitted to participate in Ava Group’s assessment of the knowledge and experience of the prospective Client of Financial Instruments or in the Ava Group’s assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group may undertake for any reason.

Appears in 4 contracts

Samples: This Agreement, This Agreement, This Agreement

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COMMISSION AND PAYMENT. 7.1 Subject to the provisions of this Clause 7 and subject at all times to the Marketing Partner Affiliate being in full compliance with its obligations under this Agreement, the Marketing Partner Affiliate shall be entitled to Commission if a prospective Client referred by the Marketing Partner Affiliate registers with any member of the Ava Group accepting the Terms and Conditions, and continuously complies with the relevant compliance, anti-money laundering, know-your-customer requirements, trading and other terms and conditions. The Marketing Partner Affiliate acknowledges, understands, agrees and accepts that the Ava Group retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group and that it will at no time be permitted to participate in Ava Group’s assessment of the knowledge and experience of the prospective Client of Financial Instruments or in the Ava Group’s assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group may undertake for any reason.

Appears in 1 contract

Samples: This Agreement

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COMMISSION AND PAYMENT. 7.1 Subject to the provisions of this Clause 7 and subject at all times to the Marketing Partner Affiliate being in full compliance with its obligations under this Agreement, the Marketing Partner Affiliate shall be entitled to Commission if a prospective Client referred by the Marketing Partner Affiliate registers with any member of the Ava Group accepting the Terms and Conditions, and continuously complies with the relevant compliance, anti-money laundering, know-your-your- customer requirements, trading and other terms and conditions. The Marketing Partner Affiliate acknowledges, understands, agrees and accepts that the Ava Group retains at all times the sole right as to whether to accept a prospective Client as a Client of the Ava Group and that it will at no time be permitted to participate in Ava Group’s assessment of the knowledge and experience of the prospective Client of Financial Instruments or in the Ava Group’s assessment of the source of wealth and economic profile of the prospective Client for the purposes of any member of the Ava Group complying with its legal obligations pertaining to the combating of financial crime and money laundering, or in any other assessment or evaluation of the prospective Clients that the Ava Group may undertake for any reason.

Appears in 1 contract

Samples: This Agreement

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