Common use of Liability of the Client Clause in Contracts

Liability of the Client. 11.1 The Client shall remain at all times responsible for all acts and omissions of the Proxy (if any), as if such acts and omissions were performed by the Client himself. The Parties agree that any operations, orders, transactions and actions carried out via myQuintet will be considered as being carried out by the Client or, at least, as being authorised by the latter. The Client will thus be considered as a party or, at least, as being bound by the same obligations as a party, to any agreement formed with the Bank via myQuintet. The Client shall be liable for ensuring that: (a) the Proxy has had the opportunity to read these General Conditions and has accepted these General Conditions; (b) the Access Rights set forth in the Annexes and the Proxy’s access to and use of myQuintet are in line with the Authorisation at all times; (b) the Proxy complies with these General Conditions throughout the term of the Agreement; and (c) the Proxy is informed of the security measures (including IT security measures) and requirements applicable to the use of the Authentication Kits and/or Rapid Authentication and to the access to and use of myQuintet. 11.2 Once the Authentication Kits are provided to the User, the Client and the Proxy (if any) will be liable for any direct or indirect consequences arising from the loss, theft, damage or the fraudulent, erroneous, illegal, unlawful or otherwise wrongful use or disclosure of the Authentication Kits. 11.3 To the maximum extent permitted by Applicable Law, the Client and the Proxy (if any) shall be liable for all Losses arising from the fraudulent, erroneous or otherwise wrongful access to and/or use of ▇▇▇▇▇▇▇▇▇▇.▇▇ or to any access to and/or use of myQuintet contrary to this Agreement, Applicable Law or any other laws and regulations applicable in the jurisdictions in which myQuintet is accessed or used by the Users.

Appears in 2 contracts

Sources: Myquintet Agreement, Myquintet Agreement