Change of Controlling Participant. 8.1 In the unlikely event that we can no longer serve you as the Controlling Participant (Sponsoring Broker) of your Sponsored Holdings, then we will issue you a “Participant Change Notice”.
8.2 If you receive a Participant Change Notice at least twenty (20) Business Days prior to the date proposed in the notice, you are under no obligation to agree to the change of Controlling Participant, and may choose to do any of the things set out in clauses 8.3 or 8.4.
8.3 You may choose to terminate this Sponsorship Agreement by giving written Withdrawal Instructions under the ASX Settlement Rules indicating whether you wish to:
a. transfer your Sponsored Holding to another Controlling Participant; or
b. transfer your Sponsored Holding to one or more Issuer Sponsored Holdings.
8.4 If you do not take any action to terminate this Sponsorship Agreement in accordance with clause 8.3 above, and do not give any other instructions to us which would indicate that you do not agree to the change of Controlling Participant then, on the Effective Date, this Sponsorship Agreement will have been taken to be novated to the New Controlling Participant and will be binding on all parties as if, on the Effective Date:
a. the New Controlling Participant is a party to this Sponsorship Agreement in substitution for us;
b. any rights of ours are transferred to the New Controlling Participant; and
c. we are released by you from any obligations arising on or after the Effective Date.
8.5 The novation in clause 8.4 will not take effect until you have received notice from the New Controlling Participant confirming that the New Controlling Participant consents to acting as the Controlling Participant for you. The Effective Date may as a result be later than the date set out in the Participant Change Notice.
8.6 You will be taken to have consented to the events referred to in clause 8.4 by the doing of any act which is consistent with the novation of this Sponsorship Agreement to the New Controlling Participant (for example by giving an instruction to the New Controlling Participant), on or after the Effective Date, and such consent will be taken to be given as of the Effective Date.
8.7 This Sponsorship Agreement continues for the benefit of us in respect of any rights and obligations accruing before the Effective Date. To the extent that any law or provision of any agreement makes the novation in clause 8.4 not binding or effective on the Effective Date, then this Sponsorship Agreement will ...
Change of Controlling Participant. Where notice is given to You that State One will have a change of control (e.g. taken over or sold) You may: ▪ Do nothing or inform State One that You will accept to the change of State One’s ownership change. In such circumstances: ❖ the new controller of State One will become a party to the Agreement in place of State One; ❖ all rights will be transferred to the new controller; and ❖ State One will have no obligations to You from the effective date of change of control. Before the transfer can take effect, the new controller must provide You with a notice indicating that they will act as Your Sponsoring Participant. ▪ Request the Agreement be cancelled by giving Sate One written instructions that You would like to transfer Your holdings to another broker or transfer Your holdings to one or more Issuer Sponsored Holdings. The Agreement will continue to be in place for State One for any rights and obligations that have accrued before the change in controller takes effect (or You terminate the Agreement) and State One will be obliged to complete all CHESS transactions that have arisen before this date.
Change of Controlling Participant clause 9 of the Sponsorship Terms
Change of Controlling Participant. 12.1 If you receive a Participant Change Notice from us at least 20 Business Days before the proposed date for the change of Participant, you do not have to agree to the change, and can choose to:
a. terminate Division 2 of the Broker Agreement by instructing us to withdraw under the ASX Settlement Operating Rules by Transferring your Participant Sponsored holding to either of:
i. another Controlling Participant; or
ii. one or more Issuer Sponsored Holdings;
Change of Controlling Participant. 8.1 In the unlikely event that we can no longer serve you as the Controlling Participant (Sponsoring Broker) of your Sponsored Holdings, then we will issue you a Participant Change Notice
8.2 If you receive a Participant Change Notice at least 20 business days prior to the date proposed in the Notice, you are under no obligation to agree to the change of Controlling Participant, and may choose to do any of the things set out in clauses 8.3 or 8.4
8.3 You may choose to terminate this Sponsorship Agreement by giving written Withdrawal Instructions under the ASX Settlement Operating Rules indicating whether you wish to:
a. transfer your Sponsored Holding to another Controlling Participant; or
b. transfer your Sponsored Holding to one or more Issuer Sponsored Holdings.
8.4 If you do not take any action to terminate this Sponsorship Agreement in accordance with clause 8.3 above, and do not give any other instructions to us which would indicate that you do not agree to the change of Controlling Participant then, on the Effective Date, this Sponsorship Agreement will have been taken to be novated to the New Controlling Participant and will be binding on all parties as if, on the Effective Date:
a. the New Controlling Participant is a party to this Sponsorship Agreement in substitution for us;
b. any rights of ours are transferred to the New Controlling Participant; and
Change of Controlling Participant. 9.1 If the Participant Sponsored Holder receives a Participant Change Notice from the Controlling Participant of the Participant Sponsored Holding and the Participant Change Notice was received at least 20 Business Days prior to the date proposed in the Participant Change Notice for the change of Controlling Participant, the Participant Sponsored Holder is under no obligation to agree to the change of Controlling Participant, and may choose to do any of the things set out in clauses 9.2 or 9.3.
9.2 The Participant Sponsored Holder may choose to terminate the Agreement by giving Withdrawal Instructions under the ASX Settlement Rules to the Controlling Participant, indicating whether the Participant Sponsored Holder wishes to:
(a) transfer its Participant Sponsored Holding to another Controlling Participant; or
(b) transfer its Participant Sponsored Holding to one or more Issuer Sponsored Holdings.
Change of Controlling Participant. 9.1. If you receive a Participant Change Notice from FinEx in relation to your Participant Sponsored Holding and the Participant Change Notice was received at least 20 Business Days prior to the date proposed in the Participant Change Notice for the change of Controlling Participant, you are under no obligation to agree to the change of Controlling Participant, and may choose to do any of the things set out in clause 9.2 or 9.3.
9.2. You may choose to terminate this Agreement by giving Withdrawal Instructions to FinEx, including whether you wish to:
a) transfer your Participant Sponsored Holding to another Controlling Participant ; or
b) transfer your Participant Sponsored Holding to one or more Issuer Sponsored Holdings For a) and b) above will be subject to all conditions stipulated by ASX Settlement in connection with the transfer having been met and ASX Settlement consenting to the transfer.
