End of the Payout Sample Clauses

End of the Payout. If the Home DGS informs the Host DGS in writing that it has sent all the Payment Instructions it intends to send, and if the Host DGS has executed and reported the final status of all those Payment Instructions to the Home DGS, the Home DGS may put an end to the Payout Process and advise the Host DGS accordingly. All Payout Process operations are then suspended, with the exception of the operations needed for closing and auditing the Payout, reimbursing the Costs and excess funding, and making an assessment of the Payout. The Home DGS and the Host DGS may bilaterally agree that, on a case-by-case basis and no earlier than three months from the notification of unavailability of deposits, they will review the functioning and scope of the practical arrangements and infrastructure needed for proportionate, continued operationalisation of payouts by the host DGS in accordance with Part II of this Agreement, making the necessary adjustments to it. In any event, following such suspension or adjustment, the Host DGS will continue to refer Host Depositors to the Home DGS as a minimum.
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Related to End of the Payout

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