Opening Contract definition
Examples of Opening Contract in a sentence
Party A (or the “Applicant”) applied to Party B for opening Domestic Letter of Credit and signed the Domestic Letter of Credit Opening Contract titled 2011 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇ ▇▇ No. 1 (the “Opening Contract”) with Party B, Party A is willing to provide Party B with guarantee deposit pledge for the account payable under the Opening Contract by the Applicant.
If the Opening Contract or the L/C was confirmed as invalid, Party A would undertake the pledge liability over the debt that the Applicant owned to Party B for restitution of property or indemnification for damages with the guarantee deposit in the margin account.
This Contract is an integral part of the Account Opening Contract signed by the Client and KIS, and is made in two (02) copies in both languages, English and Vietnamese with same legal validity, each Party shall keep one copy./ Hợp đồng này là một phần không thể tách rời của Hợp đồng mở tài khoản giao dịch chứng khoán thông thường đã ký kết giữa khách hàng và KIS, và được lập thành hai (02) bản bằng song ngữ, tiếng Anh và Tiếng việt có giá trị pháp lý ngang nhau, mỗi bên giữ một (01) bản.
Party A has read all provisions of this Contract and the master contract (the Opening Contract), with special emphasis on the master contract and its provisions in bold.
In the event that Party B suffers damages arising out of the underlying Opening Contract, Party A shall undertake pledge liability for the debt of the Applicant’s indemnification to Party B.
The effectiveness of this Contract is independent from the Opening Contract and the L/C; the invalidation of the Opening Contract or L/C, in whole or in part, does not affect the effectiveness of this Contract.
CREDIT 2.1) The credit now granted, divided into 02 [two] Sub-credits, in the amounts mentioned in the Sub-item 1.2, for the account of the Credit Opening Contract No. 91.2.
This Agreement is an inseparable part of the Account Opening Contract signed between two parties.