Common use of Termination and Closing Your Account – BUX Right Clause in Contracts

Termination and Closing Your Account – BUX Right. 14.1 BUX can close Your Account(s) or terminate the Client Agreement by giving You at least 14 days’ notice in writing (subject as mentioned below) if: 14.1.1 Any litigation is commenced between You and Us; 14.1.2 You persistently act in an abusive manner when dealing with Us; 14.1.3 An Insolvency Event occurs in relation to You. In this case We may close Your Account and terminate the Client Agreement immediately without prior notice and We will then inform You that We have done so; 14.1.4 You become of unsound mind (which includes lacking legal capacity or being placed under guardianship); 14.1.5 We believe that We are unable to manage the risks (commercial, legal, regulatory, or reputational risks) that Your Orders and/or Trades pose to You, Us or the Financial Instrument to which Your Orders and/or Trades relate; 14.1.6 You default under the Client Agreement; or 14.1.7 For any other reason in BUX’ absolute discretion.