Common use of Our right of termination Clause in Contracts

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, resignation, withdrawal or insolvency of any of the partners (of the business member) ; the presentation of any petition for the winding up of the business member (if the business member is a company). Notwithstanding clause 10.2, we may terminate the card account effective immediately upon notice in writing in any one or more of the following events:- (e) you and/or the business member fail to meet any of your obligations under this Agreement (including the obligation to provide the Bank with information, particulars and/or documents pursuant to in clause 11.5(a)) and does not remedy such failing within thirty (30) days after being notified in writing.

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, resignation, withdrawal or insolvency of any of the partners (of the business member) ; the presentation of any petition for the winding up of the business member (if the business member is a company). Notwithstanding clause 10.2, we may terminate the card account effective immediately upon notice in writing in any one or more of the following events:- (e) you and/or the business member fail to meet any of your obligations under this Agreement (including the obligation to provide the Bank with information, particulars and/or documents pursuant to in clause 11.5(a)) and does not remedy such failing within thirty (30) days after being notified notified in writing.