Common use of Rights and Duties of Client Clause in Contracts

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).