Termination of Facility. 6.1 The Facility is repayable on demand and may be varied or terminated in the absolute discretion of the Company. In particular the Facility will be terminated upon the occurrence of any one or more of the following events: (i) the withdrawal or non-renewal of the Customer's authorization to the Company as required by section 7 of the Securities and Futures (Client Securities) Rules; or (ii) any termination in accordance with Clauses 11 and 12 of the Securities Client Agreement, and any notice of termination for that purpose shall be deemed to be a notice of termination of the Facility. 6.2 Upon termination of the Facility, any outstanding indebtedness by the Customer shall forthwith be repaid to the Company. 6.3 Repayment of all or any of the loan amounts owed to the Company will not of itself constitute cancellation or termination of the Margin Facility Terms.
Appears in 7 contracts
Samples: Securities Trading Account Agreement, Securities Client Agreement, Securities Client Agreement
Termination of Facility. 6.1 9.1 The Facility is repayable on demand and may be varied or terminated in the absolute discretion of the Company. In particular the Facility will be terminated upon the occurrence of any one or more of the following events:
(i) the withdrawal or non-renewal of the Customer's Client’s authorization to the Company as required by section 7 of the Securities and Futures (Client Securities) Rules; or
(ii) any termination in accordance with Clauses 11 and 12 of the Securities Cash Client Agreement, and any notice of termination for that purpose shall be deemed to be a notice of termination of the Facility.
6.2 9.2 Upon termination of the Facility, any outstanding indebtedness by the Customer Client shall forthwith be repaid to the Company.
6.3 9.3 Repayment of all or any of the loan amounts owed to the Company will not of itself constitute cancellation or termination of the Margin Facility Terms.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Termination of Facility. 6.1 14.1 The Facility is repayable on demand and may be varied or terminated in the absolute discretion of the Company. In particular the Facility will be terminated upon the occurrence of any one or more of the following events:
(i) the withdrawal or non-renewal of the Customer's Client’s authorization to the Company as required by section 7 of the Securities and Futures (Client Securities) Rules; or
(ii) any termination in accordance with Clauses 11 and 12 of the Securities Cash Client Agreement, and any notice of termination for that purpose shall be deemed to be a notice of termination of the Facility.
6.2 14.2 Upon termination of the Facility, any outstanding indebtedness by the Customer Client shall forthwith be repaid to the Company.
6.3 14.3 Repayment of all or any of the loan amounts owed to the Company will not of itself constitute cancellation or termination of the Margin Facility Terms.
Appears in 1 contract
Samples: Client Agreement
Termination of Facility. 6.1 The Facility is repayable on demand and may be varied or terminated in the absolute discretion of the Company. In particular the Facility will be terminated upon the occurrence of any one or more of the following events:
(i) the withdrawal t he r e vo c a t i on or non-renewal non- re ne wa l of the t he Customer's authorization ’s authorisation to the Company as required by section 7 of the Securities and Futures (Client Securities) Rulesunder Clause 5.2 above; or
(ii) any termination in accordance with Clauses 11 23 and 12 28 of the Securities Client Agreement, and any notice of termination for that purpose shall be deemed to be a notice of termination of the Facility.
6.2 Upon termination of the Facility, any outstanding indebtedness by the Customer shall forthwith be repaid to the Company.
6.3 Repayment of all or any of the loan amounts owed to the Company will not of itself constitute cancellation or termination of the Margin Facility Terms.
Appears in 1 contract
Samples: Securities Agreement