KGI definition
Examples of KGI in a sentence
Nothing herein shall be deemed to entitle KGI to a waiver, amendment, modification, or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Support Agreement in similar or different circumstances, or any right to consent to any of the foregoing except as expressly set forth in the Support Agreement.
A third party may have right to the Client’s Securities or Securities collateral which KGI Asia or its associated entity (as the case may be) must satisfy before returning the same to the Client.
KGI and the Supporting Parties are collectively referred to as the “Parties” and each (including each Supporting Party, individually) is a “Party”.
KGI Asia shall be entitled to act on any Instruction for the sale and purchase of any Securities or other financial products even if the price of such Securities or other financial products has altered to the disadvantage of the Client between the time of receipt of such Instruction and the time at which KGI Asia or its agent completes any such sale or purchase.
In the case of foreign currency indebtedness, the annual interest rate will be ten per cent over the cost of funds of KGI Asia to be quoted by KGI Asia whether or not it has actually borrowed the funds.
The Client agrees that in respect of all obligations and liabilities arising from Instructions given to KGI Asia, the Client will be liable to KGI Asia jointly and severally with any such principal of the Client.
If the Client does not accept the same, the Client may terminate this Client Agreement by notifying KGI Asia in writing within fourteen (14) business days from the date of Client’s receipt or deemed receipt of the relevant notice in accordance with Clause 15 of this Part A of the Client Agreement, whichever is the earlier notice.
In case of rejection or partial acceptance of the Client’s application, no matter whether it is caused by reasons which are related to the Client’s application or not, neither KGI Asia nor its Affiliates shall, in the absence of gross negligence or wilful default, be liable to the Client or any other persons as a result of such rejection or partial acceptance.
The Client agrees to fully indemnify KGI Asia and its Affiliates if the application is rejected because of any breach of any of the representations, warranties and declarations or otherwise arising from factors relating to the Client.
Audiovox would not purchase all the shares of KGI and in particular the shares owned by Executive unless Executive enters this agreement and thereby agrees to abide with its terms.