Common use of Suspension or Termination of Electronic Service Clause in Contracts

Suspension or Termination of Electronic Service. 6.1 WLSL reserves the right to suspend or terminate the Client’s access to the Electronic Service or any part thereof in its sole discretion, without notice and without limitation, for any reason whatsoever, including but not limited to the unauthorised use of the Client’s Login ID and/or Password, breach of these terms and conditions or the Securities Account Agreement, discontinuance of WLSL’s access to any Information from any Information Provider or termination of one or more agreements between WLSL and the Information Providers, maintenance and upgrading of the systems for Electronic Service by WLSL. 6.2 In the event of suspension or termination as mentioned in Clause 6.1 above, each of the Information Providers and WLSL shall have no liability to the Client; provided, however, that if the termination is not solely caused by or due to any fault on the part of the Client (whether directly or indirectly) or its authorised users WLSL will refund the pro rata portion of any fee that may have been paid by the Client for the portion of the Electronic Service not furnished to the Client as at the date of such termination.

Appears in 7 contracts

Samples: Securities Account Agreement, Client Securities Account Agreement, Client Securities Account Agreement

AutoNDA by SimpleDocs

Suspension or Termination of Electronic Service. 6.1 WLSL WLIS reserves the right to suspend or terminate the Client’s access to the Electronic Service or any part thereof in its sole discretion, without notice and without limitation, for any reason whatsoever, including but not limited to the unauthorised use of the Client’s Login ID and/or Password, breach of these terms and conditions or the Securities Account Agreement, discontinuance of WLSLWLIS’s access to any Information from any Information Provider or termination of one or more agreements between WLSL WLIS and the Information Providers, maintenance and upgrading of the systems for Electronic Service by WLSLWLIS. 6.2 In the event of suspension or termination as mentioned in Clause 6.1 above, each of the Information Providers and WLSL WLIS shall have no liability to the Client; provided, however, that if the termination is not solely caused by or due to any fault on the part of the Client (whether directly or indirectly) or its authorised users WLSL WLIS will refund the pro rata portion of any fee that may have been paid by the Client for the portion of the Electronic Service not furnished to the Client as at the date of such termination.

Appears in 1 contract

Samples: Securities Account Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!