Common use of Minimum Term Clause in Contracts

Minimum Term. The Liquidity Provider commits for a minimum term of 30 calendar days in any Scheme and/or security for which it registers. Subject to this minimum term, should a Member wish to cease to act as a Liquidity Provider or de-register from a Scheme, it must inform Turquoise in writing immediately. In exceptional circumstances, a firm may request from Turquoise a temporary withdrawal from its Liquidity Provider Obligations and Turquoise may consent to such request at its sole discretion.