Common use of Termination and Closing Your Account Clause in Contracts

Termination and Closing Your Account. 20.1. Your Trading Account may be closed and all agreements and transactions between you and Place a Trade may be terminated for any reason and at any time by either party, giving seven (7) Business Days written notice to the other party (Termination Notice). 20.2. In the event of your Trading Account being closed in accordance with clause 20.1, a Closing Notice must be provided by you in respect of all open Positions. Such notice must be provided within the seven (7) Business Days period referred to in 20.1. Should you fail to unwind any open Position within the notice period, Place a Trade reserves the right to close out Positions as if an event of default had occurred in accordance with clause 16 of this Client Agreement. 20.3. The closing of your Trading Account will not release either party from any existing obligations or from any liabilities for any antecedent breach of any of the terms of this Client Agreement and will not relieve you of any obligations you may owe to Place a Trade in accordance with this Client Agreement prior to its termination. 20.4. Rights under this Client Agreement can only be waived in writing, such waiver not to affect the waiving party’s rights or entitlements in respect of subsequent breaches of the Client Agreement. Failure to compel performance will not be construed as a waiver. 20.5. If this Client Agreement is terminated, you acknowledge and agree that all open Positions must be closed within five (5) Business Days of the date of termination. 20.6. Place a Trade reserves the right to terminate and close your Trading Account and/or any open Positions without notice to you where it cannot be reasonably be expected to notify you of such closure including, but not limited to, instances where it suspects illegal or fraudulent activity has occurred, where you have failed and/or refused to provide updated and accurate information relating to your account (including XXXx where applicable), where closing your account on notice would be in contravention of a legal or regulatory requirement imposed on Place a Trade or where notifying you would cause harm to Place a Trade or any of its clients.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

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Termination and Closing Your Account. 20.1. 15.1 Your Trading Account may be closed and all agreements and transactions between you and Place a Trade Blueberry Markets may be terminated for any reason and at any time by either party, giving seven (7) Business Days written notice to the other party (Termination Notice). 20.2. 15.2 In the event of your Trading Account being closed in accordance with clause 20.1, a Closing Notice must be provided by you in respect of all open Positions. Such notice must be provided within the seven (7) Business Days period referred to in 20.1. Should you fail to unwind any open Position within the notice period, Place a Trade Blueberry Markets reserves the right to close out Positions as if an event of default had occurred in accordance with clause 16 of this Client Agreement. 20.3. 15.3 The closing of your Trading Account will not release either party from any existing obligations or from any liabilities for any antecedent breach of any of the terms of this Client Agreement and will not relieve you of any obligations you may owe to Place a Trade Blueberry Markets in accordance with this Client Agreement prior to its termination. 20.4. 15.4 Rights under this Client Agreement can only be waived in writing, such waiver not to affect the waiving party’s rights or entitlements in respect of subsequent breaches of the Client Agreement. Failure to compel performance will not be construed as a waiver. 20.5. 15.5 If this Client Agreement is terminated, you acknowledge and agree that all open Positions must be closed within five (5) Business Days of the date of termination. 20.6. Place a Trade 15.6 Blueberry Markets reserves the right to terminate and close your Trading Account and/or any open Positions without notice to you where it cannot be reasonably be expected to notify you of such closure including, but not limited to, instances where it suspects illegal or fraudulent activity has occurred, where you have failed and/or refused to provide updated and accurate information relating to your account (including XXXx where applicable), where closing your account on notice would be in contravention of a legal or regulatory requirement imposed on Place a Trade Blueberry Markets or where notifying you would cause harm to Place a Trade Blueberry Markets or any of its clients.

Appears in 1 contract

Samples: Client Agreement

Termination and Closing Your Account. 20.1. Your Trading Account may be closed and all agreements and transactions between you and Place a Trade DNA Markets may be terminated for any reason and at any time by either party, giving seven (7) Business Days Days’ written notice to the other party (Termination Notice). 20.2. In the event of your Trading Account being closed in accordance with clause 20.1, a Closing Notice must be provided by you in respect of all open Positions. Such notice must be provided within the seven (7) Business Days period referred to in 20.1. Should you fail to unwind any open Position within the notice period, Place a Trade DNA Markets reserves the right to close out Positions as if an event of default had occurred occurred, in accordance with clause 16 of this Client Agreement. 20.3. The closing of your Trading Account will not release either party from any existing obligations or from any liabilities for any antecedent breach of any of the terms of this Client Agreement and will not relieve you of any obligations you may owe to Place a Trade DNA Markets in accordance with this Client Agreement prior to its termination. 20.4. Rights under this Client Agreement can only be waived in writing, such waiver not to affect the waiving party’s rights or entitlements in respect of subsequent breaches of the Client Agreement. Failure to compel performance will not be construed as a waiver. 20.5. If this Client Agreement is terminated, you acknowledge and agree that all open Positions must be closed within five (5) Business Days of the date of termination. 20.6. Place a Trade DNA Markets reserves the right to terminate and close your Trading Account and/or any open Positions without notice to you where it cannot be reasonably be expected to notify you of such closure including, but not limited to, instances where it suspects illegal or fraudulent activity has occurred, where you have failed and/or refused to provide updated and accurate information relating to your account (including XXXx where applicable), where closing your account on notice would be in contravention of a legal or regulatory requirement imposed on Place a Trade DNA Markets or where notifying you would cause harm to Place a Trade DNA Markets or any of its clients.

Appears in 1 contract

Samples: Client Agreement

Termination and Closing Your Account. 20.1. Your Trading Account may be closed and all agreements and transactions between you and Place a Trade DNA Markets may be terminated for any reason and at any time by either party, giving seven (7) Business Days Days’ written notice to the other party (Termination Notice)party. 20.2. In the event of your Trading Account being closed in accordance with clause 20.1, a Closing Notice must will be provided by you in respect of all open Positions. Such notice must will be provided within the seven (7) Business Days period referred to in 20.1. Should you fail to unwind any open Position within the that notice period, Place a Trade DNA Markets reserves the right to close out Positions as if an event of default had occurred occurred, in accordance with clause 16 of this Client Agreement. 20.3. The closing of your Trading Account will not release either party from any existing obligations or from any liabilities for any antecedent breach of any of the terms of this Client Agreement and will not relieve you of any obligations you may owe to Place a Trade DNA Markets in accordance with this Client Agreement prior to its termination. 20.4. Rights under this Client Agreement can only be waived in writing, such waiver not to affect the waiving party’s rights or entitlements in respect of subsequent breaches of the Client Agreement. Failure to compel performance will not be construed as a waiver. 20.5. If this Client Agreement is terminated, you acknowledge and agree that all open Positions must be closed within five (5) Business Days of the date of termination. 20.6. Place a Trade DNA Markets reserves the right to terminate and close your Trading Account and/or any open Positions without notice to you where it cannot be reasonably be expected to notify you of such closure including, but not limited to, instances where it suspects illegal or fraudulent activity has occurred, where you have failed and/or refused to provide updated and accurate information relating to your account (including XXXx where applicable), where closing your account on notice would be in contravention of a legal or regulatory requirement imposed on Place a Trade DNA Markets or where notifying you would cause harm to Place a Trade DNA Markets or any of its clients.

Appears in 1 contract

Samples: Client Agreement

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Termination and Closing Your Account. 20.1. Your Trading Account may be closed and all agreements and transactions between you and Place a Trade Eightcap may be terminated for any reason and at any time by either party, giving seven (7) Business Days Days’ written notice to the other party (Termination Notice). 20.2. In the event of your Trading Account being closed in accordance with clause 20.1, a Closing Notice must be provided by you in respect of all open Positions. Such notice must be provided within the seven (7) Business Days period referred to in 20.1. Should you fail to unwind any open Position within the notice period, Place a Trade Eightcap reserves the right to close out Positions as if an event of default had occurred occurred, in accordance with clause 16 of this Client Agreement. 20.3. The closing of your Trading Account will not release either party from any existing obligations or from any liabilities for any antecedent breach of any of the terms of this Client Agreement and will not relieve you of any obligations you may owe to Place a Trade Eightcap in accordance with this Client Agreement prior to its termination. 20.4. Rights under this Client Agreement can only be waived in writing, such waiver not to affect the waiving party’s rights or entitlements in respect of subsequent breaches of the Client Agreement. Failure to compel performance will not be construed as a waiver. 20.5. If this Client Agreement is terminated, you acknowledge and agree that all open Positions must be closed within five (5) Business Days of the date of termination. 20.6. Place a Trade Eightcap reserves the right to terminate and close your Trading Account and/or any open Positions without notice to you where it cannot be reasonably be expected to notify you of such closure including, but not limited to, instances where it suspects illegal or fraudulent activity has occurred, where you have failed and/or refused to provide updated and accurate information relating to your account (including XXXx where applicable), where closing your account on notice would be in contravention of a legal or regulatory requirement imposed on Place a Trade Eightcap or where notifying you would cause harm to Place a Trade Eightcap or any of its clients.

Appears in 1 contract

Samples: Client Agreement

Termination and Closing Your Account. 20.1. 21.1 Your Trading Account trading account may be closed closed, and all agreements any agreement and transactions transaction between you and Place a Trade TradeHall may be terminated for any reason and by either party at any time by either partyfor any reason, giving and seven (7) Business Days working days’ written notice will be given to the other party (Termination Noticenotice). 20.2. In the event of 21.2 If you close your Trading Account being closed trading account in accordance with clause 20.1Article TERMINATION AND CLOSING YOUR ACCOUNT 1, a Closing Notice you must be provided by you in respect of provide closing notices for all open Positionspositions. Such notice must be provided within the seven (7) Business Days period referred to business days described in 20.1Section TERMINATION AND CLOSING YOUR ACCOUNT 1. Should If you fail to unwind close any open Position positions within the notice period, Place a Trade according to Article DEFAULT of this Client Agreement, TradeHall reserves the right to close out Positions the positions as if an event a breach of default had occurred in accordance with clause 16 of this Client Agreementcontract occurred. 20.3. The closing of 21.3 Closing your Trading Account trading account will not release either exempt any party from any existing obligations or from any liabilities liability for any antecedent breach previous breaches of any of the terms of this Client Agreement and client agreement, nor will not relieve it exempt you of from any obligations you may owe have owed to Place a Trade in accordance with this Client Agreement TradeHall prior to its terminationtermination under this client agreement. 20.4. 21.4 Rights under this Client Agreement can only be waived in writing, such waiver not to affect the waiving party’s rights or entitlements in respect of subsequent breaches of the Client Agreement. Failure to compel performance will not be construed as a waiver. 20.5. 21.5 If this Client Agreement is terminated, you acknowledge and agree that all open Positions must be closed within five (5) Business Days of the date of termination. 20.6. Place a Trade 21.6 TradeHall reserves the right to terminate and close your Trading Account and/or any open Positions without notice to you where it cannot be reasonably be expected to notify you of such closure including, but not limited to, instances where it suspects illegal or fraudulent activity has occurred, where you have failed and/or refused to provide updated and accurate information relating to your account (including XXXx where applicable)account, where closing your account on notice would be in contravention of a legal or regulatory requirement imposed on Place a Trade TradeHall or where notifying you would cause harm to Place a Trade TradeHall or any of its clients.

Appears in 1 contract

Samples: Client Agreement

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