Our right of termination. Without prejudice to clause 10.2, we may terminate the card account in accordance with clause 10.2 in any one or more of the following events:- (a) the appointment of a receiver, receiver and manager, judicial manager or trustee over any of the property or assets of the business member or any part thereof; (b) the business member proposing to enter into a scheme of arrangement or other similar proceedings under the Companies Act, Cap. 50; (c) the termination of your employment with the business member; or (d) the bankruptcy, insolvency or death of the business member (if the business member is an individual ); the dissolution of the business member or the bankruptcy, death or insolvency of any of the partners ( if the business member is a partnership ); the presentation of any petition for the winding up of the business member ( if the business member is a company ).
Appears in 24 contracts
Samples: Citi Corporate Card (Joint & Several/ Cardmember Liability) Cardmember’s Agreement, Citi Corporate Card Cardmember’s Agreement (Personal Liability), Citi Corporate Card Cardmember's Agreement (Personal Liability)
Our right of termination. Without prejudice to clause 10.2, we may terminate the card account in accordance with clause 10.2 in any one or more of the following events:-
(a) the appointment of a receiver, receiver and manager, judicial manager or trustee over any of the property or assets of the business member or any part thereof;
(b) the business member proposing to enter into a scheme of arrangement or other similar proceedings under the Companies Act, Cap. 50;
(c) the termination of your employment with the business member; or
(d) the bankruptcy, insolvency or death of the business member (if the business member is an individual individual); the dissolution of the business member or the bankruptcy, death or insolvency of any of the partners ( (if the business member is a partnership partnership); the presentation of any petition for the winding up of the business member ( (if the business member is a company company).
Appears in 20 contracts
Samples: Citi Travel Account Card Cardmember’s Agreement, Citi Purchasing Card Cardmember’s Agreement, Citi Corporate Card (Sole Corporate Liability) Cardmember’s Agreement
Our right of termination. Without prejudice to clause 10.2, we may terminate the card account in accordance with clause 10.2 in any one or more of the following events:-
(a) the appointment of a receiver, receiver and manager, judicial manager or trustee over any of the property or assets of the business member or any part thereof;
(b) the business member proposing to enter into a scheme of arrangement or other similar proceedings under the Companies Act, Cap. 50;
(c) the termination of your employment with the business member; or
(d) the bankruptcy, insolvency or death of the business member (if the business member is an individual individual); the dissolution of the business member or the bankruptcy, death death, resignation, withdrawal or insolvency of any of the partners ( if (of the business member is a partnership )member) ; the presentation of any petition for the winding up of the business member ( (if the business member is a company company).
Appears in 5 contracts
Samples: Citibusiness Card Member's Agreement, Citibusiness Card Member's Agreement, Citibusiness Card Member's Agreement
