Rights and Duties of Client Clause Samples

The "Rights and Duties of Client" clause defines the specific entitlements and responsibilities that the client holds under the agreement. It typically outlines what the client is permitted to expect from the service provider, such as timely delivery of services or products, as well as the obligations the client must fulfill, like providing necessary information, making payments, or cooperating with the provider. By clearly delineating these rights and duties, the clause helps prevent misunderstandings and ensures both parties are aware of their respective roles, thereby promoting a smooth contractual relationship.
Rights and Duties of Client. 4.1. During the validity of the Agreement the Client: 4.1.1. shall not make individual transactions or operations with the Portfolio as a whole or any part thereof without the prior written consent of the Bank; 4.1.2. shall not revoke the authorisation issued to the Bank in compliance with the provisions of clause 2.7 of the Agreement; 4.1.3. shall immediately notify the Bank in writing about any change of information provided to the Bank or any other circumstances that may be relevant when providing the Services; 4.1.4. upon the Bank’s request shall provide all requested information and documents in the requested form and according to the terms indicated by the Bank. 4.2. The Client shall not without the prior written agreement with the Bank transfer the right to operate the Portfolio to any third party or encumber it in any way. The Client shall inform the Bank in writing on any changes concerning the Portfolio or its status without delay, but not later than within 2 (two) business days since respective event. 4.3. By granting the authorisations to the Bank according to clause 2.7 of the Agreement, the Client without any reservation acknowledges and accepts all transactions made by the Bank with the Portfolio, as well as rights, liabilities and duties arising from them, if the Bank has acted in accordance with this Agreement, the requirements of the Portfolio strategy and legislation and has not violated the mandate assigned to them.
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Rights and Duties of Client. (a) Client agrees to deliver to Aegis on a monthly basis during the Initial Term of this Agreement, and any Extended Term, all requested data necessary to implement the approved Solicitation of Client's Target Market, including but not limited to Client's Customers names, addresses, telephone numbers, and original and current loan information in a format mutually agreed upon. (b) Commencing on a date agreed to by the parties, Client shall deliver monthly all necessary data from newly originated loan Customers not solicited or rescheduled at the point of origination during the previous quarterly period for additional Solicitation as mutually agreed upon by the parties. (c) Client shall appoint a specific liaison person or liaison team to Aegis through which all communications will flow and decisions will be made. (d) If Client becomes aware of any disclosure requirements during the enrollment phase which are mandated by federal and state banking and other regulations, Client will promptly inform Aegis of any changes in the aforementioned regulations which materially affect implementation of the Program. Notwithstanding the foregoing Client shall have no duty to learn of any changes in the law and shall not be liable to Aegis if it fails to advise Aegis of any such changes. Client will have sole approval rights to Subscriber Terms and Conditions. (e) Client agrees that services provided by Aegis shall not relieve Client from any obligation to maintain records in accordance with generally accepted servicing standards. Client retains responsibility at all times for maintaining adequate accounting management and reporting systems, audit functions, recovery routines, and the operation of on-site computer equipment. Services provided by Aegis will not impose upon or transfer to Aegis the responsibility for such functions. (f) Client shall indemnify and hold harmless Aegis and its authorized representative and service providers from and against any liability, claims, damages and costs (including reasonable attorneys' fees) arising out of any breach by Client of this Agreement or by any unauthorized warranties or representations made by Client's personnel or employees to any Prospect, Customer or Subscriber. (g) Client's duties outlined in this Section 4 shall be performed at Client's expense. (h) In addition to duties described in Sections 4(a) through 4(g), Client shall perform the item allocated to it on Exhibit B of this Agreement.
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Rights and Duties of Client. 4.1. During the validity of the Agreement the Client: 4.1.1. shall not make individual transactions or operations with the Portfolio as a whole or any part thereof without the prior written consent of the Bank; 4.1.2. shall not revoke the authorisation issued to the Bank in compliance with the provisions of clause 2.7 of the Agreement; 4.1.3. shall immediately notify the Bank in writing about any change of information provided to the Bank or any other circumstances that may be relevant when providing the Services; 4.1.4. upon the Bank’s request shall provide all requested information and documents in the requested form and according to the terms indicated by the Bank. 4.2. The Client shall not without the prior written agreement with the Bank transfer the right to operate the Portfolio to any third party or encumber it in any way. The Client shall inform the Bank in writing on any changes concerning the Portfolio or its status without delay, but not later than within 2 (two) business days since respective event. 4.3. By granting the authorisations to the Bank according to clause 2.7 of the Agreement, the Client without any reservation acknowledges and accepts all transactions made by the Bank with the Portfolio, as well as rights, liabilities and duties arising from them, if the Bank has acted in accordance with this Agreement, the requirements of the Portfolio strategy and legislation and has not violated the mandate assigned to them. 4.4. Upon Bank’s approval the Client shall have a right to initiate amendments to the Portfolio strategy by informing the Bank in writing. Amendments of the Portfolio strategy shall be executed between the Parties in writing. The Client understands and accepts that any amendments to the Portfolio strategy might have a negative impact on the objectives pursued by the Bank, since these objectives may only be achieved, as a matter of principle, within the time-frame applicable to the Portfolio strategy applied by the Bank. 4.5. The Client agrees that the dividends, interest income and other cash and interest raised from the Portfolio shall be credited on the Account(s).
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Rights and Duties of Client. The Client shall: 7.1. timeously make the Securities available to Navishare to enable Computershare to deliver the Securities to the Approved Borrower on the relevant Settlement Date; 7.2. observe and comply where necessary with all applicable laws, regulations, rules or other measures imposed in respect of the performance of its obligations under this Agreement; 7.3. pay to Navishare any amounts payable by the Client to the Approved Borrower in terms of a Loan; and 7.4. [inform ▇▇▇▇▇▇▇▇▇ of any upcoming Income, no later than 5 (five) working days before the relevant Income Record Date. ]
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Rights and Duties of Client 
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Related to Rights and Duties of Client

  • Rights and Duties The Limited Shareholders shall have the following rights, powers, privileges, duties and liabilities: (a) The Limited Shareholders shall have the right to obtain from the Sponsor the reports and information as are set forth in Article IX and the list of Participants contemplated by Section 3.5(a)(i). The foregoing rights are in addition to, and do not limit, other remedies available to Limited Shareholders under U.S. federal or state law. (b) The Limited Shareholders shall receive the share of the distributions provided for in this Trust Agreement in the manner and at the times provided for in this Trust Agreement. (c) Except for the Limited Shareholders’ redemption rights set forth in Article VII hereof, Limited Shareholders shall have the right to demand the return of their capital only upon the dissolution and winding up of the applicable Fund or the Trust and only to the extent of funds available therefore. In no event shall a Limited Shareholder be entitled to demand property other than cash unless the Sponsor, as determined in its sole discretion, has specified property for distribution to all Limited Shareholders. No Limited Shareholder shall have priority over any other Limited Shareholder either as to the return of capital or as to profits, losses or distributions. No Limited Shareholder shall have the right to bring an action for partition against the Trust or a Fund. (d) Limited Shareholders, voting together as a single class, or, if the proposed change affects only certain Funds, of each affected Fund voting separately as a class, may vote to (i) continue the Trust as provided in Section 13.l(a), (ii) approve amendments to this Trust Agreement as set forth in Section 11.1 hereof, and (iii) terminate the Trust as provided in Section 13.1(e). Unless otherwise specified in this Trust Agreement or in Delaware of federal law or regulations of rules on any exchange, any matter upon which the Shareholders vote shall be approved by the affirmative vote of Limited Shareholders holding Limited Shares representing at least a majority (over 50%) of the outstanding Limited Shares of the Trust or a Fund, as the case maybe. Except as expressly provided in this Trust Agreement, the Limited Shareholders shall have no voting or other rights with respect to the Trust or any Fund.

  • Services and Duties of USBFS USBFS shall provide the following transfer agent and dividend disbursing agent services to the Fund: A. Receive and process all orders for the purchase, exchange, transfer, and/or redemption of Fund shares in accordance with Rule 22c-1 under the 1940 Act, other applicable regulations, and as specified in the Fund's prospectus (the "Prospectus”). B. Process purchase and redemption orders with prompt delivery, where appropriate, of payment and supporting documentation to the shareholder based on the shareholder’s or the Trust’s custodian instructions, and record the appropriate number of shares being held in the appropriate shareholder account. C. Process redemption requests received in good order and, where relevant, deliver appropriate documentation to the Trust's custodian. D. Pay proceeds upon receipt from the Trust's custodian, where relevant, in accordance with the instructions of redeeming shareholders. E. Process transfers of shares in accordance with the shareholder's instructions, after receipt of appropriate documentation from the shareholder as specified in the Prospectus. F. Prepare and transmit payments, or apply reinvestments for income dividends and capital gains distributions declared by the Trust with respect to a Fund, after deducting any amount required to be withheld by any applicable laws, rules and regulations and in accordance with shareholder instructions. G. Serve as the Fund’s agent in connection with systematic plans including, but not limited to, systematic investment plans, systematic withdrawal plans, and systematic exchange plans. H. Make changes to shareholder records, including, but not limited to, address and plan changes (e.g., systematic investment and withdrawal, dividend reinvestment). I. Handle load and multi-class processing, including rights of accumulation and purchases by letters of intent in accordance with the Prospectus. J. Record the issuance of shares of each Fund and maintain, pursuant to Rule 17Ad-10(e) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), a record of the total number of shares of each Fund which are authorized, issued and outstanding. K. Prepare ad-hoc reports as necessary at prevailing rates. L. Mail shareholder reports and Prospectuses to current shareholders. M. Prepare and file U.S. Treasury Department Forms 1099 and other appropriate information returns required with respect to dividends and distributions for all shareholders. N. Provide shareholder account information upon shareholder or Trust requests and prepare and mail confirmations and statements of account to shareholders for all purchases, redemptions and other confirmable transactions as agreed upon with the Trust. O. Mail and/or obtain shareholders’ certifications under penalties of perjury and pay on a timely basis to the appropriate federal or state authorities any taxes to be withheld on dividends and distributions paid by the Trust, all as required by applicable federal and state tax laws and regulations. P. Answer correspondence from shareholders, securities brokers and others relating to USBFS’ duties hereunder within required time periods established by applicable regulation. Q. Reimburse the Fund for all material losses resulting from “as of” processing errors for which USBFS is responsible in accordance with the “as of” processing guidelines set forth on Exhibit B hereto. R. Calculate average assets held in shareholder accounts for purposes of paying Rule 12b-1 and/or shareholder servicing fees as directed by a Fund S. Provide service and support to financial intermediaries including but not limited to trade placements, settlements, and corrections.