Rights and Duties of Client Clause Samples

Rights and Duties of Client. (a) Client agrees to deliver to Aegis on a monthly basis during the Initial Term of this Agreement, and any Extended Term, all requested data necessary to implement the approved Solicitation of Client's Target Market, including but not limited to Client's Customers names, addresses, telephone numbers, and original and current loan information in a format mutually agreed upon. (b) Commencing on a date agreed to by the parties, Client shall deliver monthly all necessary data from newly originated loan Customers not solicited or rescheduled at the point of origination during the previous quarterly period for additional Solicitation as mutually agreed upon by the parties. (c) Client shall appoint a specific liaison person or liaison team to Aegis through which all communications will flow and decisions will be made. (d) If Client becomes aware of any disclosure requirements during the enrollment phase which are mandated by federal and state banking and other regulations, Client will promptly inform Aegis of any changes in the aforementioned regulations which materially affect implementation of the Program. Notwithstanding the foregoing Client shall have no duty to learn of any changes in the law and shall not be liable to Aegis if it fails to advise Aegis of any such changes. Client will have sole approval rights to Subscriber Terms and Conditions. (e) Client agrees that services provided by Aegis shall not relieve Client from any obligation to maintain records in accordance with generally accepted servicing standards. Client retains responsibility at all times for maintaining adequate accounting management and reporting systems, audit functions, recovery routines, and the operation of on-site computer equipment. Services provided by Aegis will not impose upon or transfer to Aegis the responsibility for such functions. (f) Client shall indemnify and hold harmless Aegis and its authorized representative and service providers from and against any liability, claims, damages and costs (including reasonable attorneys' fees) arising out of any breach by Client of this Agreement or by any unauthorized warranties or representations made by Client's personnel or employees to any Prospect, Customer or Subscriber. (g) Client's duties outlined in this Section 4 shall be performed at Client's expense. (h) In addition to duties described in Sections 4(a) through 4(g), Client shall perform the item allocated to it on Exhibit B of this Agreement.

Rights and Duties of Client. 4.1. During the validity of the Agreement the Client: 4.1.1. shall not make individual transactions or operations with the Portfolio as a whole or any part thereof without the prior written consent of the Bank; 4.1.2. shall not revoke the authorisation issued to the Bank in compliance with the provisions of clause 2.7 of the Agreement; 4.1.3. shall immediately notify the Bank in writing about any change of information provided to the Bank or any other circumstances that may be relevant when providing the Services; 4.1.4. upon the Bank’s request shall provide all requested information and documents in the requested form and according to the terms indicated by the Bank. 4.2. The Client shall not without the prior written agreement with the Bank transfer the right to operate the Portfolio to any third party or encumber it in any way. The Client shall inform the Bank in writing on any changes concerning the Portfolio or its status without delay, but not later than within 2 (two) business days since respective event. 4.3. By granting the authorisations to the Bank according to clause 2.7 of the Agreement, the Client without any reservation acknowledges and accepts all transactions made by the Bank with the Portfolio, as well as rights, liabilities and duties arising from them, if the Bank has acted in accordance with this Agreement, the requirements of the Portfolio strategy and legislation and has not violated the mandate assigned to them. 4.4. Upon Bank’s approval the Client shall have a right to initiate amendments to the Portfolio strategy by informing the Bank in writing. Amendments of the Portfolio strategy shall be executed between the Parties in writing. The Client understands and accepts that any amendments to the Portfolio strategy might have a negative impact on the objectives pursued by the Bank, since these objectives may only be achieved, as a matter of principle, within the time-frame applicable to the Portfolio strategy applied by the Bank. 4.5. The Client agrees that the dividends, interest income and other cash and interest raised from the Portfolio shall be credited on the Account(s).

Rights and Duties of Client. The Client shall: 7.1. timeously make the Securities available to Navishare to enable Computershare to deliver the Securities to the Approved Borrower on the relevant Settlement Date; 7.2. observe and comply where necessary with all applicable laws, regulations, rules or other measures imposed in respect of the performance of its obligations under this Agreement; 7.3. pay to Navishare any amounts payable by the Client to the Approved Borrower in terms of a Loan; and 7.4. [inform ▇▇▇▇▇▇▇▇▇ of any upcoming Income, no later than 5 (five) working days before the relevant Income Record Date. ]

Rights and Duties of Client