Common use of Early Termination Penalty Clause in Contracts

Early Termination Penalty. Unless otherwise agreed or unless there has been an event of default by the Dealer, this Agreement may only be terminated early at the discretion of the Dealer. Where the Client wishes to terminate a Transaction early or requests the Dealer to repurchase the Repurchased Securities prior to the Repurchase Date, then: (i) The Client shall give the Dealer a minimum of one business days’ notice of the intention to terminate the Transaction; (ii) The Client acknowledges and agrees that the Early Termination Date shall be the date agreed by the Dealer and the Client that early termination shall be effective; (iii) If the Dealer elects to repurchase Underlying Securities prior to the Repurchase Date, the price offered by the Dealer will generally be the original Purchase Price for the Underlying Securities plus the Dealer’s Interest Rate for securities pro-rated to the early repurchase date plus the sum of (i) the Dealer’s Early Termination Penalty and (ii) an administrative fee (plus General Consumption Tax thereon) fixed from time to time by the Dealer. The Client acknowledges that the Early Termination Penalty is a reasonable pre-estimate of the Dealer’s loss in respect of loss of bargain and costs and expenses arising out of premature termination of the Transaction (iv) On the Repurchase Date or the Early Termination Date, the Client agrees to the transfer by the Trustee by way of entries in the CSD, the Repurchased Securities to the Dealer’s CSD Account and the Dealer shall transfer the Repurchase Price (less any amount then payable and unpaid by the Client to the Dealer) to the Client, in accordance with such payment instructions as the Client may instruct.

Early Termination Penalty. 14.1 The Dealer may upon giving the Client such reasonable notice as the circumstances may require, terminate a Transaction or this Agreement for any good cause or in a manner which complies with any law in force in Jamaica 14.2 Unless otherwise agreed or unless there has been an event of default by the Dealer, this Agreement may only be terminated early by the Client at the discretion of the Dealer. . 14.3 Where the Client wishes to terminate a Transaction early or requests the Dealer to repurchase the Repurchased Securities prior to the Repurchase Date, then: (ia) The Client shall give the Dealer a minimum of one business days’ notice of the intention to terminate the Transaction; (iib) The Client acknowledges and agrees that the Early Termination Date shall be the date agreed by the Dealer and the Client that early termination shall be effective; (iiic) If the Dealer elects to repurchase Underlying Securities prior to the Repurchase Date, the price offered by the Dealer will generally be the original Purchase Price for the Underlying Securities plus the Dealer’s Interest Rate for securities pro-rated prorated to the early repurchase date plus the sum of (i) the Dealer’s Early Termination Penalty and (ii) an administrative fee (plus General Consumption Tax thereon) fixed from time to time by the Dealer. The Client acknowledges that the Early Termination Penalty is a reasonable pre-estimate of the Dealer’s loss in respect of loss of bargain and costs and expenses arising out of premature termination of the Transaction (ivd) On the Repurchase Date or the Early Termination Date, the Client agrees to the transfer by the Trustee by way of entries in the CSD, the Repurchased Securities to the Dealer’s CSD Account and the Dealer shall transfer the Repurchase Price (less any amount then payable and unpaid by the Client to the Dealer) to the Client, in accordance with such payment instructions as the Client may instruct.

Early Termination Penalty. Unless otherwise agreed or unless there has been an event of default by the Dealer, this Agreement may only be terminated early at the discretion of the Dealer. Where the Client wishes to terminate a Transaction early or requests the Dealer to repurchase the Repurchased Securities prior to the Repurchase Date, then: (i) The Client shall give the Dealer a minimum of one business days’ notice of the intention to terminate the Transaction; (ii) The Client acknowledges and agrees that the Early Termination Date shall be the date agreed by the Dealer and the Client that early termination shall be effective; (iii) If the Dealer elects to repurchase Underlying Securities prior to the Repurchase Date, the price offered by the Dealer will generally be the original Purchase Price for the Underlying Securities plus the Dealer’s Interest Rate for securities pro-rated to the early repurchase date plus the sum of of (i) the Dealer’s Early Termination Penalty and and (ii) an administrative fee (plus General Consumption Tax thereon) fixed from time to time by the Dealer. The Client acknowledges that the Early Termination Penalty is a reasonable pre-pre- estimate of the Dealer’s loss in respect of loss of bargain and costs and expenses arising out of premature termination of the Transaction (iv) On the Repurchase Date or the Early Termination Date, the Client agrees to the transfer by the Trustee by way of entries in the CSD, the Repurchased Securities to the Dealer’s CSD Account and the Dealer shall transfer the Repurchase Price (less any amount then payable and unpaid by the Client to the Dealer) to the Client, in accordance with such payment instructions as the Client may instruct.

Early Termination Penalty. 14.1 The Dealer may upon giving the Client such reasonable notice as the circumstances may require, terminate a Transaction or this Agreement for any good cause or in a manner which complies with any law in force in Jamaica 14.2 Unless otherwise agreed or unless there has been an event of default by the Dealer, this Agreement may only be terminated early by the Client at the discretion of the Dealer. . 14.3 Where the Client wishes to terminate a Transaction early or requests the Dealer to repurchase the Repurchased Securities prior to the Repurchase Date, then: (ia) The Client shall give the Dealer a minimum of one business days’ notice of the intention to terminate the Transaction; (iib) The Client acknowledges and agrees that the Early Termination Date shall be the date agreed by the Dealer and the Client that early termination shall be effective; (iiic) If the Dealer elects to repurchase Underlying Securities prior to the Repurchase Date, the price offered by the Dealer will generally be the original Purchase Price for the Underlying Securities plus the Dealer’s Interest Rate for securities pro-pro- rated to the early repurchase date plus the sum of (i) the Dealer’s Early Termination Penalty and (ii) an administrative fee (plus General Consumption Tax thereon) fixed from time to time by the Dealer. The Client acknowledges that the Early Termination Penalty is a reasonable pre-estimate of the Dealer’s loss in respect of loss of bargain and costs and expenses arising out of premature termination of the Transaction (ivd) On the Repurchase Date or the Early Termination Date, the Client agrees to the transfer by the Trustee by way of entries in the CSD, the Repurchased Securities to the Dealer’s CSD Account and the Dealer shall transfer the Repurchase Price (less any amount then payable and unpaid by the Client to the Dealer) to the Client, in accordance with such payment instructions as the Client may instruct.