Common use of Refusal of application Clause in Contracts

Refusal of application. The Allocation Platform may refuse to enter into a Participation Agreement with a market participant in the following circumstances: (a) when the applicant has not submitted a duly completed and signed Participation Agreement in accordance with Articles 6, 7 and 8; or (b) the Allocation Platform has previously terminated a Participation Agreement with the applicant as a result of a breach of the Participation Agreement by the Registered Participant in accordance with Article 56 (3) and (4) and unless the circumstances leading to termination have ceased to exist or the Allocation Platform is reasonably satisfied that the breach will not occur again; or (c) if entering into a Participation Agreement with the applicant would cause the Allocation Platform to breach any condition of any mandatory legal or regulatory requirement; or (d) if any of the warranties of the Registered Participant under Article 9 are found to be not valid or false; or (e) if the applicant is under economic and trade sanctions which may have significant impact to the Allocation Platform.

Refusal of application. The Allocation Platform may refuse to enter into a Participation Agreement with a market participant in the following circumstances: (a) when the applicant has not submitted a duly completed and signed Participation Agreement in accordance with Articles 6, 7 and 8; or (b) the Allocation Platform has previously terminated a Participation Agreement with the applicant as a result of a breach of the Participation Agreement by the Registered Participant in accordance with Article 56 (359(3) and (4) and unless the circumstances leading to termination have ceased to exist or the Allocation Platform is reasonably satisfied that the breach will not occur again; or (c) if entering into a Participation Agreement with the applicant would cause the Allocation Platform to breach any condition of any mandatory legal or regulatory requirement; or (d) if any of the warranties of the Registered Participant under Article 9 are found to be not valid or false; , or (e) if the applicant is under economic and trade sanctions which may have a significant impact to the Allocation Platform.

Refusal of application. 1. The Single Allocation Platform may refuse to enter into a Participation Agreement with a market participant in the following circumstances: (a) when the applicant has not submitted a duly completed and signed Participation Agreement in accordance with Articles 6Article 7, 7 0 and 80; or (b) the Single Allocation Platform has previously terminated a Participation Agreement with the applicant as a result of a breach of the Participation Agreement by the Registered Participant in accordance with Article 56 (372(3) and (4) and unless the circumstances leading to termination have ceased to exist or the Single Allocation Platform is reasonably satisfied that the breach will not occur again; or (c) if entering into a Participation Agreement with the applicant would cause the Single Allocation Platform to breach any condition of any mandatory legal or regulatory requirement; or; (d) if any of the warranties of the Registered Participant under Article 9 0 are found to be not valid or false; or (e) if the applicant is under economic and trade sanctions which may have a significant impact to the Single Allocation Platform.

Refusal of application. The Allocation Platform may refuse to enter into a Participation Agreement with a market participant in the following circumstances: (a) when the applicant has not submitted a duly completed and signed Participation Agreement in accordance with Articles 6, 7 and 8; or (b) the Allocation Platform has previously terminated a Participation Agreement with the applicant as a result of a breach of the Participation Agreement by the Registered Participant in accordance with Article 56 (3) and (4) and unless the circumstances leading to termination have ceased to exist or the Allocation Platform is reasonably satisfied that the breach will not occur again; or (c) if entering into a Participation Agreement with the applicant would cause the Allocation Platform to breach any condition of any mandatory legal or regulatory requirement; or (d) if any of the warranties of the Registered Participant under Article 9 are found to be not valid or false; or; (e) if the applicant is under economic and trade sanctions which may have significant impact to the Allocation Platform.

Refusal of application. The Allocation Platform may refuse to enter into a Participation Agreement with a market participant in the following circumstances: (a) when the applicant has not submitted a duly completed and signed Participation Agreement in accordance with Articles 6, 7 and 8; or (b) the Allocation Platform has previously terminated a Participation Agreement with the applicant as a result of a breach of the Participation Agreement by the Registered Participant in accordance with Article 56 (360(3) and (4) and unless the circumstances leading to termination have ceased to exist or the Allocation Platform is reasonably satisfied that the breach will not occur again; or (c) if entering into a Participation Agreement with the applicant would cause the Allocation Platform to breach any condition of any mandatory legal or regulatory requirement; or (d) if any of the warranties of the Registered Participant under Article 9 are found to be not valid or false; or (e) if the applicant is under economic and trade sanctions which may have a significant impact to the Allocation Platform.

Refusal of application. The Allocation Platform may refuse to enter into a Participation Agreement with a market participant in the following circumstances: (a) a. when the applicant has not submitted a duly completed and signed Participation Agreement in accordance with Articles 6, 7 and 8; or (b) b. the Allocation Platform has previously terminated a Participation Agreement with the applicant as a result of a breach of the Participation Agreement by the Registered Participant in accordance with Article 56 (359(3) and (4) and unless the circumstances leading to termination have ceased to exist or the Allocation Platform is reasonably satisfied that the breach will not occur again; or (c) c. if entering into a Participation Agreement with the applicant would cause the Allocation Platform to breach any condition of any mandatory legal or regulatory requirement; or (d) d. if any of the warranties of the Registered Participant under Article 9 are found to be not valid or falseorfalse; or (e) e. if the applicant is under economic and trade sanctions which may have a significant impact to on the Allocation Platform.

Refusal of application. The Allocation Platform may refuse to enter into a Participation Agreement with a market participant in the following circumstances: (a) : when the applicant has not submitted a duly completed and signed Participation Agreement in accordance with Articles 6, 7 and 8; or (b) or the Allocation Platform has previously terminated a Participation Agreement with the applicant as a result of a breach of the Participation Agreement by the Registered Participant in accordance with Article 56 (3) and (4) and unless the circumstances leading to termination have ceased to exist or the Allocation Platform is reasonably satisfied that the breach will not occur again; or (c) or if entering into a Participation Agreement with the applicant would cause the Allocation Platform to breach any condition of any mandatory legal or regulatory requirement; or (d) or if any of the warranties of the Registered Participant under Article 9 are found to be not valid or false; or (e) if the applicant is under economic and trade sanctions which may have significant impact to the Allocation Platform.

Refusal of application. 1. The Allocation Platform may refuse to enter into a Participation Agreement with a market participant in the following circumstances: (a) a. when the applicant has not submitted a duly completed and signed Participation Agreement in accordance with Articles Article 5, 6, 7 and 8; or (b) b. the Allocation Platform has previously terminated a Participation Agreement with the applicant as a result of a breach of the Participation Agreement by the Registered Participant in accordance with Article 56 (3) 52 paragraph 3 and (4) paragraph 4 and unless the circumstances leading to termination have ceased to exist or the Allocation Platform is reasonably satisfied that the breach will not occur again; or (c) c. if entering into a Participation Agreement with the applicant would cause the Allocation Platform to breach any condition of any mandatory legal or regulatory requirement; or (d) d. if any of the warranties declarations of the Registered Participant under Article 9 are found to be not valid or false; or (e) e. if the applicant is under economic and trade sanctions which may have a significant impact to the Allocation Platform.

Refusal of application. The Allocation Platform may refuse to enter into a Participation Agreement with a market participant in the following circumstances: (a) when the applicant has not submitted a duly completed and signed Participation Agreement in accordance with Articles 67, 7 8 and 89; or (b) the Allocation Platform has previously terminated a Participation Agreement with the applicant as a result of a breach of the Participation Agreement by the Registered Participant in accordance with Article 56 (358(3) and (4) and unless the circumstances leading to termination have ceased to exist or the Allocation Platform is reasonably satisfied that the breach will not occur again; or (c) if entering into a Participation Agreement with the applicant would cause the Allocation Platform to breach any condition of any mandatory legal or regulatory requirement; or (d) if any of the warranties of the Registered Participant under Article 9 10 are found to be not valid or false; , or (e) if the applicant is under economic and trade sanctions which may have a significant impact to the Allocation Platform.

Refusal of application. 1. The Allocation Platform may refuse to enter into a Participation Agreement with a market participant in the following circumstances: (a) a. when the applicant has not submitted a duly completed and signed Participation Agreement in accordance with Articles 6Article 7, 7 Article 8 and 8Article 9; or (b) b. the Allocation Platform has previously terminated a Participation Agreement with the applicant as a result of a breach of the Participation Agreement by the Registered Participant in accordance with Article 56 (372(3) and (4) and unless the circumstances leading to termination have ceased to exist or the Allocation Platform is reasonably satisfied that the breach will not occur again; or (c) c. if entering into a Participation Agreement with the applicant would cause the Allocation Platform to breach any condition of any mandatory legal or regulatory requirement; or (d) d. if any of the warranties of the Registered Participant under Article 9 10 are found to be not valid or false; or (e) e. if the applicant is under economic and trade sanctions which may have a significant impact to on the Allocation Platform.