ENBD definition
Examples of ENBD in a sentence
This clause shall apply to all contracts, agreements and powers of attorney the Client may have with ENBD Bank in connection with the provision of services relating to securities or investments, as at the date of the acceptance by the Client of these General Terms of Business (the “ENBD Bank Agreements”).
ENBD Capital KSA shall, at the cost and expense of the Client, exercise all legal rights, including the pursuit of legal action where necessary, against any third party custodian who may have caused loss or damage to the Client.
The Client agrees not to reproduce, retransmit, disseminate, sell, distribute, publish, broadcast, circulate or commercially exploit any Information in any manner without the express prior written consent of ENBD Capital KSA, or to use any Information for any unlawful purpose.
If the Client does not agree with the action taken by the ENBD Capital KSA Head of Client Complaints Unit, the Client may appeal the result to the management of ENBD Capital KSA, which shall act on the appeal within thirty (30) days following receipt thereof, and advise the Client of the results thereof shortly thereafter.
ENBD Capital KSA reserves the right to reject the Client's application to open an Account at ENBD Capital KSA’s absolute discretion and without providing any reason for such rejection.
In enforcing the lien and other rights and remedies hereunder, ENBD Capital KSA shall have absolute discretion to determine which Investments are to be sold and which contracts are to be closed notwithstanding any instructions from the Client to the contrary.
The Information made available to the Client is incidental to the Client's relationship with ENBD Capital KSA.
The Client agrees that all orders and instructions regarding the Account will at all times be directed only to ENBD Capital KSA, and not to any Correspondent.
Where termination occurs, ENBD Capital KSA shall be entitled, at its sole discretion, to terminate and liquidate any transactions entered into which are then outstanding.
Once the Client's Account has been deemed inactive, ENBD Capital KSA will be entitled to charge the Client a maintenance fee (the "Inactive Account Fee").