Common use of Joint holdings Clause in Contracts

Joint holdings. 7.1 You acknowledge that in the event of the death of one of the Account Holders, we will transfer all Sponsored Holdings under the joint Holder Record into new Sponsored Holdings under a new Record in the name of the surviving Holder(s), and that this Sponsorship Agreement will remain valid for the new Holdings under the new Holder Record. 7.2 You acknowledge that in the event of the bankruptcy of one of the Holders (and your legally appointed representative has not elected to removed you from the CHESS sub register) we will: a. establish a new Holder Record in the name of the bankrupt Sponsored Holder (unless the legally appointed representative of the bankrupt Sponsored Holder elects to remove the Sponsored Holdings from CHESS), transfer the interest of the bankrupt Sponsored Holder into new Holdings under the new Holder Record and request that ASX Settlement apply a Holder Record Lock to all Holdings under that Holder Record b. establish a new Holder Record in the name(s) of the remaining Sponsored Holder(s) and Transfer the interest of the remaining Participant Sponsored Holder(s) into new Holdings under the new Holder Record.

Appears in 8 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Joint holdings. 7.1 You acknowledge that in the event of the death of one of the Account Holders, we will transfer all Sponsored Holdings under the joint Holder Record into new Sponsored Holdings under a new Record in the name of the surviving Holder(s), and that this Sponsorship Agreement will remain valid for the new Holdings under the new Holder Record. 7.2 You acknowledge that in the event of the bankruptcy of one of the Holders (and your legally appointed representative has not elected to removed you from the CHESS sub register) we will: a. establish a new Holder Record in the name of the bankrupt Sponsored Holder (unless the legally appointed representative of the bankrupt Sponsored Holder elects to remove the Sponsored Holdings from CHESS), transfer the interest of the bankrupt Sponsored Holder into new Holdings under the new Holder Record and request that ASX Settlement apply a Holder Record Lock to all Holdings under that Holder Record b. establish a new Holder Record in the name(s) of the remaining Sponsored Holder(s) and Transfer the interest of the remaining Participant Sponsored Holder(s) into new Holdings under the new Holder Record.

Appears in 4 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Joint holdings. 7.1 You acknowledge that in the event of the death of one of the Account Holders, we FinClear Services will transfer all Sponsored Holdings under the joint Holder Record into new Sponsored Holdings under a new Holder Record in the name of the surviving joint Participant Sponsored Holder(s), and that this Sponsorship Agreement will remain valid for the new Holdings under the new Holder Record. 7.2 You acknowledge that in the event of the bankruptcy of one of the Holders Holders, FinClear Services will: (and your a) unless the legally appointed representative has not elected of the bankrupt Participant Sponsored Holder elects to removed you remove the Participant Sponsored Holdings from the CHESS sub Sub-register) we will: a. , establish a new Holder Record in the name of the bankrupt Participant Sponsored Holder (unless the legally appointed representative of the bankrupt Sponsored Holder elects to remove the Sponsored Holdings from CHESS)Holder, transfer the interest of the bankrupt Participant Sponsored Holder into new Holdings under the new Holder Record and request that ASX Settlement apply a Holder Record Lock to all Holdings under that Holder Record; and b. (b) establish a new Holder Record record in the name(s) of the remaining Participant Sponsored Holder(s) and Transfer the interest of the remaining Participant Sponsored Holder(s) into new Holdings under the new Holder Record.

Appears in 1 contract

Samples: Chess Sponsorship Agreement

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Joint holdings. 7.1 8.1. You acknowledge that in the event of the death of one of the Account Holders, we FinEx will transfer all Sponsored Holdings under the joint Holder Record into new Sponsored Holdings under a new Holder Record in the name of the surviving joint Participant Sponsored Holder(s), and that this Sponsorship Agreement will remain valid for the new Holdings under the new Holder Record. 7.2 8.2. You acknowledge that in the event of the bankruptcy of one of the Holders (and your Holders, FinEx will: a) unless the legally appointed representative has not elected of the bankrupt Participant Sponsored Holder elects to removed you remove the Participant Sponsored Holdings from the CHESS sub Sub-register) we will: a. , establish a new Holder Record in the name of the bankrupt Participant Sponsored Holder (unless the legally appointed representative of the bankrupt Sponsored Holder elects to remove the Sponsored Holdings from CHESS)Holder, transfer the interest of the bankrupt Participant Sponsored Holder into new Holdings under the new Holder Record and request that ASX Settlement apply a Holder Record Lock to all Holdings under that Holder Record; and b. b) establish a new Holder Record record in the name(s) of the remaining Participant Sponsored Holder(s) and Transfer the interest of the remaining Participant Sponsored Holder(s) into new Holdings under the new Holder Record.

Appears in 1 contract

Samples: Sponsorship Agreement

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