Common use of TERMINATION AND REDELIVERY Clause in Contracts

TERMINATION AND REDELIVERY. 13.1 SSP may at any time redeliver all or any Custodial Investments to you without terminating this Appendix. 13.2 You or SSP may terminate this Agreement by written notice to the other and require re-delivery of the Custodial Investments but without prejudice to any pre existing rights or obligations of the parties including, for the avoidance of doubt, completion of any matter to effect and settle a Transaction and payment of any amount due to us on that Transaction. 13.3 Within a reasonable period after notice of such a termination, we shall deliver to you in person, or by registered post to your address as notified to SSP, or by transfer to your bankers or agents, or otherwise as you may direct, the balance of all Custodial Investments held by SSP. 13.4 Our obligations under sub-clause 13.3 in any other event when you request a transfer of the Custodial Investments to be made subject to:- 13.4.1 compliance with applicable law or regulatory requirements, 13.4.2 reasonable notice having been given to and received by SSP and, 13.4.3 the rules and requirements of any relevant investment exchange, clearing system, sub custodian or other person referred to in Clause 4 of this Appendix provided that SSP may make such arrangements as it deems appropriate and where applicable, at your expense in order that prompt delivery is made. 13.5 If you are indebted in any way to SSP in respect of Custodial Investments (for example, without limitation, in respect of unpaid fees or any payment made to you by SSP on Account of interest, dividends or other income not yet collected by SSP) SSP may decline to redeliver such Custodial Investments until such debt has been discharged. 13.6 You further acknowledge that your indebtedness and liability to SSP shall be continuing until such time as SSP is satisfied that it has received full and final settlement of payment due on the Investments in respect of those amounts paid to you. You shall fully indemnify SSP in the event of non-payment or part payment only. 13.7 You shall bear all costs and risks of delivery to you for your order, whether upon termination or otherwise.

TERMINATION AND REDELIVERY. 13.1 SSP may at any time redeliver all or any Custodial Investments to you without terminating this Appendixthe Custodial Services provided under the Agreement. 13.2 You or SSP may terminate this Agreement the Custodial Services by not less than 2 Business Days’ written notice to the other and require re-re- delivery of the Custodial Investments but without prejudice to any pre existing rights or obligations of the parties including, for the avoidance of doubt, completion of any matter to effect and settle a Transaction and payment of any amount due to us on that Transaction. 13.3 Within a reasonable period As soon as reasonably practicable after notice of such a termination, we shall deliver to you in person, or by registered post to your address as notified to SSP, or by transfer to your bankers or agents, or otherwise as you may direct, the balance of all Custodial Investments held by SSP. 13.4 Our obligations under sub-clause 13.3 and in any other event when you request a transfer of the Custodial Investments to be made subject to:- 13.4.1 compliance with applicable law or regulatory requirements,; 13.4.2 reasonable notice having been given to and received by SSP SSP; and, 13.4.3 the rules and requirements of any relevant investment exchange, clearing system, sub custodian or other person referred to in Clause 4 of this Appendix provided that SSP may make such arrangements as it deems appropriate and where applicable, at your expense in order that prompt delivery is made. 13.5 If you are indebted in any way to SSP in respect of Custodial Investments (for example, without limitation, in respect of unpaid fees or any payment made to you by SSP on Account of interest, dividends or other income not yet collected by SSP) SSP may decline to redeliver such Custodial Investments until such debt has been discharged. 13.6 You further acknowledge that your indebtedness and liability to SSP shall be continuing until such time as SSP is satisfied that it has received full and final settlement of payment due on the Investments in respect of those amounts paid to you. You shall fully indemnify SSP in the event of non-payment or part payment only. 13.7 You shall bear all costs and risks of delivery to you for your order, whether upon termination or otherwise.

TERMINATION AND REDELIVERY. 13.1 SSP may at any time redeliver all or any Custodial Custody Investments to you without terminating this Appendix. 13.2 You or SSP may terminate this Agreement by written notice to the other and require re-delivery of the Custodial Custody Investments but without prejudice to any pre existing rights or obligations of the parties including, for the avoidance of doubt, completion of any matter to effect and settle a Transaction and payment of any amount due to us on that Transaction. 13.3 Within a reasonable period after notice of such a termination, we shall deliver to you in person, or by registered post to your address as notified to SSP, or by transfer to your bankers or agents, or otherwise as you may direct, the balance of all Custodial Custody Investments held by SSP. 13.4 Our obligations under sub-clause 13.3 in any other event when you request a transfer of the Custodial Custody Investments to be made subject to:- 13.4.1 compliance with applicable law or regulatory requirements, 13.4.2 reasonable notice having been given to and received by SSP and, 13.4.3 the rules and requirements of any relevant investment exchange, clearing system, sub custodian or other person referred to in Clause 4 of this Appendix provided that SSP may make such arrangements as it deems appropriate and where applicable, at your expense in order that prompt delivery is made. 13.5 If you are indebted in any way to SSP in respect of Custodial Custody Investments (for example, without limitation, in respect of unpaid fees or any payment made to you by SSP on Account of interest, dividends or other income not yet collected by SSP) SSP may decline to redeliver such Custodial Custody Investments until such debt has been discharged. 13.6 You further acknowledge that your indebtedness and liability to SSP shall be continuing until such time as SSP is satisfied that it has received full and final settlement of payment due on the Investments in respect of those amounts paid to you. You shall fully indemnify SSP in the event of non-payment or part payment only. 13.7 You shall bear all costs and risks of delivery to you for your order, whether upon termination or otherwise.