Common use of Participant Rights Clause in Contracts

Participant Rights. 2.1.1 Where the Participant Sponsored Holder authorises the Participant to buy Financial Products, the Participant Sponsored Holder will pay for those Financial Products within two (2) Business Days of the date of purchase. 2.1.2 Subject to Clause 2.1.3 the Participant is not obliged to transfer Financial Products into the Participant Sponsored Holding, where payment for those Financial Products has not been received, until payment is received. 2.1.3 Where a contract for the purchase of Financial Products remains unpaid, after the Participant has made a demand of the Participant Sponsored Holder to pay for the Financial Products, the Participant may sell those Financial Products that are the subject of that contract at the Participant Sponsored Holder’s risk and expense and that expense will include brokerage, GST and stamp duty (if applicable). 2.1.4 Where the Participant claims that an amount lawfully owed to it has not been paid by the Participant Sponsored Holder, the Participant has the right to refuse to comply with the Participant Sponsored Holder’s Withdrawal Instructions, but only to the extent necessary to retain Financial Products of the minimum value held in a Participant Sponsored Holding (where the minimum value is equal to 120% of the current market value of the amount claimed).

Participant Rights. 2.1.1 Where the Participant Sponsored Holder authorises the Participant to buy Financial Productsfinancial products, the Participant Sponsored Holder will pay for those Financial Products financial products within two (2) Business Days business days of the date of purchase. 2.1.2 Subject to Clause clause 2.1.3 the Participant is not obliged to transfer Financial Products financial products into the Participant Sponsored Holding, where payment for those Financial Products financial products has not been received, until payment is received. 2.1.3 Where a contract for the purchase of Financial Products financial products remains unpaid, after the Participant has made a demand of the Participant Sponsored Holder to pay for the Financial Productsfinancial products, the Participant may sell those Financial Products financial products that are the subject of that contract at the Participant Sponsored Holder’s risk and expense and that expense will include brokerage, GST and stamp duty (if applicable). 2.1.4 Where the Participant claims that an amount lawfully owed to it has not been paid by the Participant Sponsored Holder, the Participant has the right to refuse to comply with the Participant Sponsored Holder’s Withdrawal Instructionswithdrawal instructions, but only to the extent necessary to retain Financial Products financial products of the minimum value held in a Participant Sponsored Holding (where the minimum value is equal to 120% of the current market value of the amount claimed).