Common use of Registration in the System Clause in Contracts

Registration in the System. III.2.1 Before using the Services, the Representative must register the Client to Our System first. The Representative must register the Client via Internet Bank. III.2.2 The Representative must have any and all authorizations to legally represent the Client. Though, during the registration process We ask the Representative to provide proof of such authorizations and We assess such proof, however, by registering the Client the Presentative represents and warrants Us that he/she has full capacity to represent the Client, and the Representative alone is entirely liable for any negative (legal and/or pecuniary) outcome should such representations and/or warranties were untrue/incorrect. III.2.3 Please note, that We apply specific requirements to Our Clients (please see Para III.1.2 above) and retain the right to set other requirements to Our Clients and/or limitations for acceptance of the Clients. These will be made public via Our website. III.2.4 As a part of the registration process, The Representative, acting on behalf of the Client: III.2.4.1 represents and warrants to Us that opening of the Account on behalf of the Client does not violate any laws and regulations applicable to the Representative and/or the Client; III.2.4.2 accepts this Agreement, Privacy Policy, and other documents constituting the entire agreement, as explained in detail in Section I.5 above; III.2.4.3 provides required initial information about himself/herself and the Client. However, ; III.2.4.4 fills the Client’s KYC questionnaire and presents all the information required per such questionnaire; III.2.4.5 please note that during the Client Identification process (Section III.3 below) We will require additional information for Our assessment. III.2.5 Our System will send the Personalized Security Measures (via SMS to the phone number of the Representative) required to finalize Account registration procedures.