Common use of Termination of Client Account Clause in Contracts

Termination of Client Account. Either you or Cantor may terminate the account and our agreement by sending the other party prior written notice (expiring on the date specified in such notice) without prejudice to any outstanding rights or obligations incurred prior to such expiry. If you wish to terminate the account please send the written notice to Xxxxxx’x Client Services Department and we will transfer your assets to the account specified by you, after deduction of fees and charges therefrom in the event that you do not separately discharge them. In the event that Xxxxxx cannot contact you or in circumstances where Xxxxxx determines that due to the lack of information or lack of current information that it is not in a position to continue to provide a service or any services to you, Xxxxxx has the right to cease to provide the service and/or to terminate the account. In such event, Xxxxxx shall have no liability for any losses arising on the discontinuation of the service or the closure of the account. See the provisions of paragraph 14 in relation to inactive accounts. In the event of the cessation of a service or the termination of the account Cantor shall, in so far as client assets are transferable, make them available for delivery to you or a new service provider, as determined by you. In relation to assets that are not transferable, they shall be available for delivery as soon as they become transferable or shall be dealt with in a manner agreed to by Xxxxxx and you. Xxxxxx shall be entitled to recover the cost of any such transfer, from you.

Termination of Client Account. Either you or Cantor may terminate the account and our agreement by sending the other party prior written notice (expiring on the date specified in such notice) without prejudice to any outstanding rights or obligations incurred prior to such expiry. If you wish to terminate the account please send the written notice to Xxxxxx’x Client Services Department and we will transfer your assets to the account specified by you, after deduction of fees and charges therefrom in the event that you do not separately discharge them. In the event that Xxxxxx cannot contact you or in circumstances where Xxxxxx determines that due to the lack of information or lack of current information that it is not in a position to continue to provide a service or any services to you, Xxxxxx has the right to cease to provide the service and/or to terminate the account. In such event, Xxxxxx shall have no liability for any losses arising on the discontinuation of the service or the closure of the account. See the provisions of paragraph 14 in relation to inactive accounts. In the event of the cessation of a service or the termination of the account Cantor shall, in so far as client assets are transferable, make them available for delivery to you or a new service provider, as determined by you. In relation to assets that are not transferable, they shall be available for delivery as soon as they become transferable or shall be dealt with in a manner agreed to by Xxxxxx and you. Xxxxxx shall be entitled to recover the cost of any such transfer, from you.dealt

Termination of Client Account. Either you or Cantor may terminate the account and our agreement by sending the other party prior written notice (expiring on the date specified in such notice) without prejudice to any outstanding rights or obligations incurred prior to such expiry. If you wish to terminate the account please send the written notice to Xxxxxx’x Client Services Department and we will transfer your assets to the account specified by you, after deduction of fees and charges therefrom in the event that you do not separately discharge them. In the event that Xxxxxx cannot contact you or in circumstances where Xxxxxx determines that due to the lack of information or lack of current information that it is not in a position to continue to provide a service or any services to you, Xxxxxx has the right to cease to provide the service and/or to terminate the account. In such event, Xxxxxx shall have no liability for any losses arising on the discontinuation of the service or the closure of the account. See the provisions of paragraph 14 in relation to inactive accounts. In the event of the cessation of a service or the termination of the account Cantor shall, in so far as client assets are transferable, make them available for delivery to you or a new service provider, as determined by you. In relation to assets that are our absolute discretion pending instructions from your appointed representative. We will not transferable, they shall be available liable for delivery as soon as they become transferable any losses arising from whatever cause between the time of your death and the date of probate (or shall be dealt with in letters of administration) being granted or between the date of your incapacity and the date of your recovery or the appointment of a manner agreed person to by Xxxxxx and you. Xxxxxx shall be entitled to recover the cost of any such transfer, from youmanage your affairs.