Common use of Account Closing Procedure Clause in Contracts

Account Closing Procedure. Either party can terminate this Agreement by giving seven (7) business days’ written notice to the other party. Following the notice, the Client should close all open positions. In the case where the Client has open positions during the termination notice period, then the Company reserves the right not to accept any new Transaction orders and the Company shall have the right to close all of the Client's open positions on expiry of the notice period to the extent the Client has not already done so. Upon termination of this Agreement, the Company shall be entitled to cease the access of the Client to the Trading Platform.

Appears in 50 contracts

Samples: Client Services Agreement, Client Service Agreement, Client Services Agreement

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Account Closing Procedure. 21.1. Account Closing Procedure: Either party can terminate this Agreement by giving seven (7) business days’ written notice to the other party. Following the notice, the Client Customer should close all open positions. In the case where the Client Customer has open positions during the termination notice period, then the Company reserves the right not to accept any new Transaction orders and the Company shall have the right to close all of the ClientCustomer's open positions on expiry of the notice period to the extent the Client Customer has not already done so. Upon termination of this Agreement, the Company shall be entitled to cease the access of the Client Customer to the Trading Platform.

Appears in 2 contracts

Samples: alchemy-markets.com, alchemymarkets.com

Account Closing Procedure. 21.1. Account Closing Procedure: Either party can terminate this Agreement by giving seven (7) business days’ written notice to the other partyParty. Following the notice, the Client should close all open positions. In the case where the Client has open positions during the termination notice period, then the Company reserves the right not to accept any new Transaction orders and the Company shall have the right to close all of the Client's open positions on expiry of the notice period to the extent the Client has not already done so. Upon termination of this Agreement, the Company shall be entitled to cease the access of the Client to the Trading Platform.

Appears in 1 contract

Samples: Client Services Agreement

Account Closing Procedure. 21.1 Account Closing Procedure: Either party can terminate this Agreement by giving seven (7) business days’ written notice to the other party. Following the notice, the Client should close all open positions. In the case where the Client has open positions during the termination notice period, then the Company reserves the right not to accept any new Transaction orders and the Company shall have the right to close all of the Client's open positions on expiry of the notice period to the extent the Client has not already done so. Upon termination of this Agreement, the Company shall be entitled to cease the access of the Client to the Trading Platform. and/or orderly functioning of the Trading Platform.

Appears in 1 contract

Samples: Client Services Agreement

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Account Closing Procedure. Either party can terminate this Agreement by giving seven (7) business days’ written notice to the other party. Following the notice, the Client should close all open positions. In the case where the Client has open positions during the termination notice period, ,then the Company reserves the right not to accept any new Transaction orders and the Company shall have the right to close all of the Client's open positions on expiry of the notice period to the extent the Client has not already done so. Upon termination of this Agreement, the Company shall be shallbe entitled to cease the access of the Client to the Trading Platform.

Appears in 1 contract

Samples: Copyrack Client Agreement

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