Common use of Foreign Investments Clause in Contracts

Foreign Investments. Where applicable, and to the extent permitted by the applicable regulations, Courtneycap may purchase and sell and enter into any transaction in investments that are listed or traded primarily outside the RSA (‘Foreign Investments’). Exchange control application In undertaking transactions in foreign investments, the client is acknowledges that the conversion of South African Rands to foreign currency is subject to any conditions imposed by the South African Reserve Bank (‘Exchange Control’); receipt the investment amount; approval of the application by Xxxxxxxxxxx and/or the relevant investment manager or administrator or delegates, who may decline the application at their discretion. The client indemnifies and holds harmless Courtneycap in the event that his application is denied or cancelled, and against any claim for loss or damage sustained as a result thereof, including any interest or exchange rate fluctuation. Foreign providers Any transaction in foreign investments may be passed to overseas branches or companies of Courtneycap for execution, or any other intermediate broker, investment manager or administrator selected at Xxxxxxxxxxx’s discretion. Foreign terms Orders or any other transaction in foreign investments will be subject to the terms and conditions of the intermediate broker, investment manager or administrator selected by Courtneycap and the applicable regulations. Foreign costs Xxxxxxxxxxx shall submit to or may recoup from the client, any applicable administration fees, charges or management fees charged by the investment manager or administrator party for the management of the client’s foreign investments. No session The client agrees to be bound by and shall act in accordance with the rules of any foreign investment, including any rules relative to the redemption thereof. The client also agrees not to cede, assign, make over or transfer any obligations thereof without Xxxxxxxxxxx’s prior written consent. Foreign risks A transaction in foreign investments can involve significant risk. Any foreign investments referred to herein may be illiquid and may not be suitable for all investors. The value of, or income from, any foreign investments may fluctuate and/or be affected by changes in exchange rates. Acceptance of risks Only investors with sufficient knowledge and experience in financial and business matters to evaluate the relevant merits and risks should consider transacting in foreign investments. By signing this agreement, the client acknowledges that he has been informed of the risks inherent in foreign investments and accepts that such risk may result in financial loss to him.

Foreign Investments. Where applicable, and to the extent permitted by the applicable regulations, Courtneycap may purchase and sell and enter into any transaction in investments that are listed or traded primarily outside the RSA (‘Foreign Investments’). Exchange control application In undertaking transactions in foreign investments, the client is acknowledges that the conversion of South African Rands to foreign currency is subject to any conditions imposed by the South African Reserve Bank (‘Exchange Control’); receipt the investment amount; approval of the application by Xxxxxxxxxxx Courtneycap and/or the relevant investment manager or administrator or delegates, who may decline the application at their discretion. The client indemnifies and holds harmless Courtneycap in the event that his application is denied or cancelled, and against any claim for loss or damage sustained as a result thereof, including any interest or exchange rate fluctuation. Foreign providers Any transaction in foreign investments may be passed to overseas branches or companies of Courtneycap for execution, or any other intermediate broker, investment manager or administrator selected at XxxxxxxxxxxCourtneycap’s discretion. Foreign terms Orders or any other transaction in foreign investments will be subject to the terms and conditions of the intermediate broker, investment manager or administrator selected by Courtneycap and the applicable regulations. Foreign costs Xxxxxxxxxxx Courtneycap shall submit to or may recoup from the client, any applicable administration fees, charges or management fees charged by the investment manager or administrator party for the management of the client’s foreign investments. No session The client agrees to be bound by and shall act in accordance with the rules of any foreign investment, including any rules relative to the redemption thereof. The client also agrees not to cede, assign, make over or transfer any obligations thereof without XxxxxxxxxxxCourtneycap’s prior written consent. Foreign risks A transaction in foreign investments can involve significant risk. Any foreign investments referred to herein may be illiquid and may not be suitable for all investors. The value of, or income from, any foreign investments may fluctuate and/or be affected by changes in exchange rates. Acceptance of risks Only investors with sufficient knowledge and experience in financial and business matters to evaluate the relevant merits and risks should consider transacting in foreign investments. By signing this agreement, the client acknowledges that he has been informed of the risks inherent in foreign investments and accepts that such risk may result in financial loss to him.