Common use of Modification; Termination Clause in Contracts

Modification; Termination. 3.01 Except as otherwise provided herein, or as otherwise required by applicable law, regulation or the rules of any self-regulatory organization to which Pershing is subject applicable to margin accounts generally, except upon 180 days’ notice (the “Modification Notice Period”), Pershing may not: (a) modify without Client’s explicit consent the margin levels set forth in Appendix A attached hereto; (b) recall any outstanding loan under this Agreement; (c) modify without Client’s explicit consent the interest rate spread on loans hereunder, as set forth in Appendix A of this Agreement; (d) modify without Client’s explicit consent the fees, charges or expenses in Appendix A; or (e) terminate or amend this Agreement.

Modification; Termination. 3.01 Except as otherwise provided herein, or as otherwise required by applicable law, regulation or the rules of any self-regulatory organization to which Pershing is subject applicable to margin accounts generally, except upon 180 days’ notice (for a period of 364 days from the “Modification Notice Period”)date of this Agreement, Pershing may not,: (a) modify without Client’s explicit consent the margin levels set forth in Appendix A attached hereto; (b) recall any outstanding loan under this Agreement; (c) modify without Client’s explicit consent the interest rate spread on loans hereunder, as set forth in Appendix A of this Agreement; (d) modify without Client’s explicit consent the fees, charges or expenses in Appendix A; or or (e) ). terminate or amend this Agreement.

Modification; Termination. 3.01 Except as otherwise provided herein, or as otherwise required by applicable law, regulation or the rules of any self-regulatory organization to which Pershing is subject applicable to margin accounts generally, except upon 180 days’ notice (for a period of 364 days from the “Modification Notice Period”)date of this Agreement, Pershing may not,: (a) modify without Client’s explicit consent the margin levels set forth in Appendix A attached hereto; (b) recall any outstanding loan under this Agreement; (c) modify without Client’s explicit consent the interest rate spread on loans hereunder, as set forth in Appendix A of this Agreement; (d) modify without Client’s explicit consent the fees, charges or expenses in Appendix A; or (e) terminate or amend this Agreement.