Common use of Payment of Overdue Interest Clause in Contracts

Payment of Overdue Interest. In the event that I/we fail to fulfill any of the obligations I/we owe your company relating to Futures/Options Trading, I/we shall not object, upon request by your company, to paying your company overdue interest at the rate prescribed by the Financial Instruments Exchange on which the Futures/Options Trading was conducted for the period from the day following the due date to the date of actual fulfillment. Article 17. (Measures in the Event of Suspension of Trading Due to Insolvency, etc.) In the event that your company is suspended from Futures/Options Trading (excluding those subject to Brokerage for Clearing of Securities, etc.) or the entrustment by Brokerage for Clearing of Securities, etc. (hereinafter referred to as “suspension of trading due to insolvency, etc.”) in accordance with the Trading Participant Regulations of the Financial Instruments Exchange, due to any of the reasons set forth in the following items, and the Financial Instruments Exchange decides to have the unsettled contracts based on entrustment from the customers (except for unsettled contracts for which Resale, Repurchase, etc. was not carried out by the last day of trading) transferred, resold or repurchased, or to have options in connection with such contracts exercised (including the entrustment of these actions; the same shall apply hereinafter); and when I/we wish to transfer such unsettled contracts from your company to one of the trading participants designated by the Financial Instruments Exchange (hereinafter referred to as the "Position Transfer in the case of suspension of trading due to insolvency, etc."), I/we shall not object to being required to make a request to and obtain approval from such a trading participant with respect to the Position Transfer in the case of suspension of trading due to insolvency, etc. in accordance with the rules of the Financial Instruments Exchange and by the date and time fixed by the Financial Instruments Exchange.

Payment of Overdue Interest. In the event that I/we fail to fulfill any of the obligations I/we owe your company relating to Futures/Options Trading, I/we shall not object, upon request by your company, to paying your company overdue interest at the rate prescribed by the Financial Instruments Exchange on which the Futures/Options Trading was conducted for the period from the day following the due date to the date of actual fulfillment. Article 17. (Measures in the Event of Suspension of Trading Due to Insolvency, etc.) In the event that your company is suspended from Futures/Options Trading (excluding those subject to Brokerage for Clearing of Securities, etc.) or the entrustment by Brokerage for Clearing of Securities, etc. (hereinafter referred to as “suspension of trading due to insolvency, etc.”) in accordance with the Trading Participant Regulations of the Financial Instruments Exchange, due to any of the reasons set forth in the following items, and the Financial Instruments Exchange decides to have the unsettled contracts based on entrustment from the customers (except for unsettled contracts for which Resale, Repurchase, etc. was not carried out by the last day of trading) transferred, resold or repurchased, or to have options in connection with such contracts exercised (including the entrustment of these actions; the same shall apply hereinafter); and when I/we wish to transfer such unsettled contracts from your company to one of the trading participants designated by the Financial Instruments Exchange (hereinafter referred to as the "Position Transfer in the case of suspension of trading due to insolvency, etc."), I/we shall not object to being required to make a request to and obtain approval from such a trading participant with respect to the Position Transfer in the case of suspension of trading due to insolvency, etc. in accordance with the rules of the Financial Instruments Exchange and by the date and time fixed by the Financial Instruments Exchange.participants