Common use of Internet Banking Services Clause in Contracts

Internet Banking Services. 41.1. The Client acknowledges that Internet Bank represents the services and products offered by Bank of Georgia. As a result, the Company does not have the authority and ability to manage the Internet Bank and provide access to the Internet Bank to the Client. For the avoidance of any doubt, the Company is not and will not be obligated to provide the Client with access to the Internet Bank regardless of the Client's request, and this is beyond the control of the Company. 41.2. In accordance with Article 18 of this Agreement and without limitation, in the event that, taking into account Article 41.1 of this Agreement, access to the Internet Bank in connection with the Account was enabled for the Client, Client can provide Assignment to Company through Internet Bank. For the avoidance of any doubt, the receipt or transmission of all references, reports, accounts, notices, Assignments and/or any other documentation/communication from Internet Bank shall in all legal and non-legal aspects have the same power as the receipt or transmission of the same documentation/communication by e-mail in accordance with this Agreement. 41.3. Through the Internet Bank, the Client may have access to his/her own information, including but not limited to the following: Personal information of the Client, list and value of the Client's assets as of the close of business day before the current day etc. ("Internet Bank Information"). For the avoidance of any doubt, Internet Banking Information may include information originating from and/or directed to the Client's Active Account and/or any other account that the Client has opened with the Company, which may include, among others, the Client's Trading Account. 41.4. The Company takes reasonable steps to obtain information from reliable sources ("Sources") (where relevant), but the Internet Bank Information is presented in the existing circumstances, without any representation or warranty of any kind (direct or indirect, implied or express) and the Company does not take responsibility for any kind of Internet Bank Information if this Internet Bank Information is not complete, accurate, usable and relevant to the Client. The Client expressly confirms and agrees that errors, omissions or deficiencies in relation to the Internet Bank Information do not constitute a legal or other basis for submitting any claim, request or other action against the Company; And it is the personal responsibility of the Client to conduct its own research and verification regarding the Internet Banking Information to ensure its completeness, accuracy, applicability and its validity at a particular point in time. In addition, the Company will not be responsible to the Client: • On the accuracy of the market price of assets; and/or • On any mistakes, inaccuracies, errors, delays or omissions in the market prices presented; and/or • On any interruption of the supply of market prices of the assets. Internet Bank Information is not updated as a result of its availability to the Client in any form, and may become inaccurate and misleading as a result of changed circumstances after a certain period of time, which, taking into account the characteristics of the information, may be seconds, minutes, days, weeks or months. The Company does not guarantee and does not take any responsibility regarding the validity or relevance of Internet Bank Information. If Internet Bank Information becomes expired, Company shall have no obligation: • To update Internet Bank Information, or • To inform the Client about the mentioned, or • To carry out any other action 41.5. Acknowledgment and confirmation of risk - Client acknowledges and confirms that: • Internet Banking Information is presented for informational purposes only and does not constitute investment advice or an offer to sell or buy securities or an encouragement of such offers; and • Internet Bank Information may be incomplete, inaccurate, irrelevant and/or unusable for the Client; and • There may be errors or omissions in Internet Bank Information; and • It is the personal responsibility of the Client to carry out its own research and verification regarding the Internet Bank Information in order to ensure its completeness, accuracy, usability and its validity for a specific moment in time; and • The Company does not have any form of legal and/or actual control over Internet Banking and/or Internet Bank Information.

Appears in 3 contracts

Sources: Brokerage Services Agreement, Brokerage Services Agreement, Brokerage Services Agreement

Internet Banking Services. 41.1. The Client acknowledges and understands that Internet Bank Banking represents the services service and products product offered by Bank of GeorgiaBOG. As a resultHence, the Company Agent does not have the authority entitlement or ability with respect to management of Internet Banking and ability to manage the Internet Bank and provide granting access to the Internet Bank Client to the ClientInternet Banking. For the avoidance of any doubt, the Company Agent despite the Client’s request/demand is not obliged to generate and will not be obligated supply such account to provide the Client with access to the Internet Bank regardless of the Client's request, and this such issue is beyond the not within control of the CompanyAgent. 41.2. In accordance compliance with and subject to Article 18 of this Agreement and without limitation, in the event that, taking into account Article 41.1 of this Agreement, if, considering Article 41.1. of the Agreement, the Client was granted access to Internet Banking in relation to the Account, the Client may provide Instructions to the Agent via the Internet Banking. For avoidance of doubt, receipt or delivery of all notices, reports, Statements, Instructions and/or any other documents/communication from or to the Internet Bank in connection with the Account was enabled for the Client, Client can provide Assignment to Company through Internet Bank. For the avoidance of any doubt, the receipt or transmission of all references, reports, accounts, notices, Assignments and/or any other documentation/communication from Internet Bank Banking shall be treated identically in all legal and non-legal aspects have the same power as to the receipt or transmission and delivery of the same documentation/communication by e-mail from and to the Email of the Client indicated in accordance compliance with this Agreement. 41.3. Through Via the Internet Bank, Banking the Client may have access to his/her own their information, including which includes but is not limited to the followingfollowing information: Personal personal information of the Client, the list and value of the Client's assets Client holdings as of the market close of business day before the previous Business Day of a current day etc. day, and any other information/documentation ("the “Internet Bank Banking Information"). For the avoidance of any doubt, the Internet Banking Information may include involve information originating from derived and/or directed related to the Client's Active Account of the Client and/or any other account that opened by the Client has opened with the CompanyAgent, which may includewhich, among others, the Client's Trading may include Trader Account. 41.4. The Company takes Agent uses reasonable steps efforts to obtain information from reliable sources ("the “Sources") (where relevant), but the all Internet Bank Banking Information is presented in the existing circumstances, provided on an "as is" basis without any representation or warranty of any kind (direct or indirect, implied or expressneither express nor implied) and the Company does not take responsibility Agent disclaims liability for any kind of and all Internet Bank Banking Information if this Internet Bank Information is not being complete, accurate, usable suitable and relevant to for the Client. The Client expressly confirms agrees and agrees acknowledges that errors, errors and/or omissions or deficiencies contained in relation to any Internet Banking Information shall not serve as the Internet Bank Information do not constitute a legal or other basis for submitting any claim, request demand or other cause of action against the CompanyAgent; And and it is the personal sole responsibility of the Client to conduct carry out its own research and verification regarding the due diligence on Internet Banking Information to ensure its completeness, accuracy, applicability and its validity at a particular point in timecurrency and/or suitability for onward use. In additionSpecifically, the Company will not be responsible to Agent disclaims liability towards the ClientClient for: • On the accuracy of the any market price of assetsquotations; and/or • On any mistakesdelay, inaccuraciesinaccuracy, errorserror, delays interruption or omissions omission in the providing market prices presentedquotations; and/or • On  and any interruption of the supply discontinuance of market prices of the assetsquotations. Internet Bank Banking Information is are not updated as a result of its availability after their release/making it available to the Client in any form, form and may due to changing circumstances become inaccurate and possibly misleading as a result of changed circumstances after a certain period of time, which, taking into account the characteristics of the information, time which may be seconds, minutes, vary from seconds and minutes to days, weeks or monthsand months depending on the information. The Company does not Agent gives no guarantee against, and does not take any responsibility regarding assumes no liability towards the validity or relevance of Client for Internet Bank InformationBanking Information being outdated. If the Internet Bank Banking Information becomes expired, Company outdated the Agent shall have be under no obligationobligation to: • To update Internet Bank Banking Information, or • To inform the Client about the mentionedof such Internet Banking Information, or • To carry out  perform any other action 41.5. Acknowledgment and confirmation of risk - Client acknowledges and confirms that: • Internet Banking Information is presented for informational purposes only and does not constitute investment advice or an offer to sell or buy securities or an encouragement of such offers; and • Internet Bank Information may be incomplete, inaccurate, irrelevant and/or unusable for the Client; and • There may be errors or omissions in Internet Bank Information; and • It is the personal responsibility of the Client to carry out its own research and verification regarding the Internet Bank Information in order to ensure its completeness, accuracy, usability and its validity for a specific moment in time; and • The Company does not have any form of legal and/or actual control over Internet Banking and/or Internet Bank Informationaction.

Appears in 1 contract

Sources: Brokerage Service Agreement