Common use of Account Termination Clause in Contracts

Account Termination. (a) If you breach or fail to comply with any terms or conditions of this Agreement, or when your Account has become Dormant, i.e. no trading activity for a continuous period of at least eighteen (18) months has been recorded in your Account, we may forthwith terminate any one or more of your Accounts without prior notice. (b) Notwithstanding the above, we may also terminate any one or more of your Accounts by giving you not less than 2 business days’ prior written notice. (c) Subject to our satisfaction of your discharge of your indebtedness, liability or other obligation owing to us (if any) as mentioned in Clause 9.4 below, you may close your Account at any time by giving us not less than 2 business days’ prior written notice.

Appears in 4 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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