Termination of Facility. 9.3.1 The Facility is repayable on demand and may be varied or terminated in the absolute discretion of CIF. In particular the Facility will be terminated upon the occurrence of any one or more of the following events: (a) the withdrawal or non-renewal of the Client's authorization to CIF as required by section 7 of the Securities and Futures (Client Securities) Rules (Cap.571H of the laws of Hong Kong); or (b) any termination in accordance with Clauses 9.1.6 of the Securities Trading Account, and any notice of termination for that purpose shall be deemed to be a notice of termination of the Facility. Upon termination of the Facility, any outstanding indebtedness by the Client shall forthwith be repaid to CIF. 9.3.2 Repayment of all or any of the loan amounts owed to CIF will not of itself constitute cancellation or termination of the Margin Facility Terms.
Appears in 5 contracts
Samples: Securities and Futures Client Agreement, Securities and Futures Client Agreement, Securities and Futures Client Agreement
