Instructions and Authorisation Sample Clauses
Instructions and Authorisation. (a) In entering into a Transaction, the Broker Member shall be entitled to rely upon any oral or written instructions given by the Client or by any person authorised in writing by the Client to give instructions on its behalf. The Client may revoke this authorisation by delivering to the Broker Member a signed written notice to this effect.
(b) In giving instructions, the Client may give the Broker Member discretion with regard to the timing and/or the price at which such instructions are to be executed. In such cases the Broker Member shall, subject to Section 14, not be liable for the results of the discretion exercised by the Broker Member provided such Broker has not been negligent.
(c) Once given, instructions may only be withdrawn or amended with the Broker Member’s consent.
Instructions and Authorisation a) The client authorizes NCBAIB to accept instructions in relation to the Investment Account communicated by the client and or any of the authorized Signatories through facsimile transmission, e-mail, registered post or hand delivery.
b) The Client hereby authorizes NCBAIB to comply with all instruction(s) given in respect of the Investment Account as instruction(s) properly authorized by the Client even if they may conflict with any other mandate given at any time concerning the Client‘s Investment Account and / or Investments.
c) The Client agrees that such instruction(s) shall be binding on the Client upon transmission to NCBAIB and the instructions cannot be changed or withdrawn without NCBAIB consent and that NCBAIB is not obliged to check further on the authenticity of such instruction(s).
d) The Client authorizes NCBAIB to accept receipt of the instructions in relation to the Investment Account issued by the Client and/or any of the Authorized Signatories, Attorney and/or Agent. Any waiver of this condition by NCBAIB will not absolve the Client or his/her authorized Signatory from taking up delivery of investments duly purchased by NCBAIB on behalf of the client or his/her Authorized Signatory and to pay NCBAIB any amount due on any purchase.
e) The client authorizes NCBAIB, subject to opening an Investment Account, to hold on its behalf, for safekeeping any money and/or investments the Client delivers to NCBAIB or which NCBAIB buys or receives on its behalf as Client’s money or Clients assets. In the event that NCBAIB sells any investments held in safekeeping and re-invests the proceeds for the client’s Investment Account, NCBAIB will hold the same in safekeeping on the same basis.
f) Instructions received and acknowledged by NCBAIB from the Client on a business day before noon, shall be acted upon on the same day provided the account has sufficient funds or securities and subject to market conditions. Instructions received thereafter or on a day other than a Business Day, shall be processed on the next succeeding Business Day.
g) The Client may in writing cancel any instructions provided NCBAIB has not acted upon the said instructions. Where NCBAIB has already acted upon the Client‘s instructions NCBAIB shall be entitled to complete such instructions notwithstanding the cancellation. The Client agrees and accepts that it shall fully indemnify NCBAIB for having acted on its instructions.
h) The Client shall be entitled to have securities purchased ...