Common use of Sale, Transfer and Disgorgement Clause in Contracts

Sale, Transfer and Disgorgement. 10.1 Where, under the terms of the China Connect Rules, the Bank receives notice (a “Forced-sale Notice”) from a China Connect Authority requiring the Bank to sell and liquidate a specified number of China Connect Securities, the Bank shall be entitled to issue a corresponding notice (a “Client Forced-sale Notice”) to the Customer requesting the Customer to sell and liquidate any number of such China Connect Securities that the Customer holds in its account with the Bank (as determined by the Bank in its sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes to comply with any such Client Forced-sale Notice.

Sale, Transfer and Disgorgement. 10.1 9.1 Where, under the terms of the China Connect Rules, the Bank receives notice (a “Forced-sale Notice”) from a China Connect Authority requiring the Bank to sell and liquidate a specified number of China Connect Securities, the Bank shall be entitled to issue a corresponding notice (a “Client Forced-sale Notice”) to the Customer requesting the Customer to sell and liquidate any number of such China Connect Securities that the Customer holds in its account with the Bank (as determined by the Bank in its sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes to comply with any such Client Forced-sale Notice.

Sale, Transfer and Disgorgement. 10.1 Where, under the terms of the China Connect Rules, the Bank receives notice (a “Forced-sale Notice”) from a China Connect Authority requiring the Bank to sell and liquidate a specified number of China Connect Securities, the Bank shall be entitled to issue a corresponding notice (a “Client Forced-sale Notice”) to the Customer requesting the Customer to sell and liquidate any number of such China Connect Securities that the Customer holds in its account with the Bank (as determined by the Bank in its sole discretion) within the time period specified by the relevant China Connect Authority, and the Customer undertakes to comply with any such Client Forced-sale Notice.. DBS Bank Ltd., Singapore 88 Co. Reg. No. 196800306E