Common use of Term Termination and Suspension Clause in Contracts

Term Termination and Suspension. This Coinbase Prime Broker Agreement is effective as of the date written below and shall remain in effect until terminated by Coinbase or Client as follows: (a) Either Party may terminate this Coinbase Prime Broker Agreement in its entirety for any reason and without Cause by providing at least 30 days’ prior written notice to the other party; provided, however, Client’s termination of this Coinbase Prime Broker Agreement shall not be effective until Client has fully satisfied its obligations hereunder. (b) Regardless of any other provision of this Coinbase Prime Broker Agreement, the Coinbase Entities may, in their sole discretion, suspend, restrict or terminate the Client’s Prime Broker Services, including by suspending, restricting or closing the Client’s Prime Broker Account and/or any associated Trading Account, Custodial Account or any credit account (as applicable), for Cause, at any time and without prior notice to the Client.

Appears in 5 contracts

Samples: Prime Broker Agreement (Mercurity Fintech Holding Inc.), Coinbase Prime Broker Agreement (Valkyrie Bitcoin Fund), Coinbase Prime Broker Agreement (Valkyrie Bitcoin Fund)

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Term Termination and Suspension. This Coinbase Prime Broker Agreement is effective as of the date written below and shall remain in effect until terminated by Coinbase or Client as follows: (a) Either Party may terminate this Coinbase Prime Broker Agreement in its entirety for any reason and without Cause by providing at least 30 ninety (90) days’ prior written notice to the other party; providedParty. For such purpose, however, Client’s termination of this the Coinbase Prime Broker Agreement Entities shall not be effective until considered a single Party and Client has fully satisfied must provide its obligations hereundernotice to Coinbase as agent for the Coinbase Entities. (b) Regardless of any other provision of this Coinbase Prime Broker Agreement, the Coinbase Entities may, in their sole discretion, terminate this Coinbase Prime Broker Agreement in its entirety or suspend, restrict or terminate the Client’s Prime Broker Services, including by suspending, restricting or closing the Client’s Prime Broker Account and/or any associated Trading Account, Custodial Account or any credit account (as applicable), for Cause, at any time and without prior upon written notice to the Client.

Appears in 3 contracts

Samples: Coinbase Prime Broker Agreement (Invesco Galaxy Ethereum ETF), Coinbase Prime Broker Agreement (Invesco Galaxy Bitcoin ETF), Coinbase Prime Broker Agreement (Invesco Galaxy Bitcoin ETF)

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