Common use of Termination of the Agreement by the Bank Clause in Contracts

Termination of the Agreement by the Bank. The Bank shall notify the Applicant in writing at least 30 days prior to the termination of the Agreement. However, in any of the following circumstances, the Bank may terminate the Agreement at any time in writing or by any other method agreed upon: I. The Applicant has assigned rights or obligations of the Agreement to a third party without the Bank's consent. II. The Applicant is found engag in the following acts: using this service to access data that are not owned by the Applicant, or other misuse of the service, abnormal transactions of substantial amounts or frequency, or destructive or inappropriate behavior involving the use of simulation programs, Trojan horse programs or virus programs. III. The Applicant is declared bankrupt or undergoes a court-ordered corporate reorganization, or the Applicant files for bankruptcy, liquidation, dissolution or reorganization or does so by a third party. IV. The Applicant is in breach of the law or other relevant regulations, or the Applicant's accounts have been used (or suspected of being used) for illegal purposes; V. The Applicant has settled and ceased all deposit and other business dealings with the Bank; VI. The Applicant has breached provisions of the Agreement and has failed to take corrective action or has failed to fulfill the obligations by the deadline after being notified to do so. VII. The Bank deems the Applicant's account suspicious of being dummy account for criminal activities, or of any other illegal or improper use, or of illegal or clearly unusual transactions according to the standards stipulated in the “Regulations Governing the Deposit Accounts and Suspicious or Unusual Transactions”. VIII. Pursuant to the “Guidelines Governing Anti-Money Laundering and Combating the Financing of Terrorism by the Banking Sector”, the account is determined to belong to an individual, legal entity or organization subjected to economic sanctions under the “Counter-Terrorism Financing Act”; or to a terrorist or terrorist group identified or investigated by a foreign government or an international anti-money laundering organization. And where the Applicant does not cooperate with the Bank's review, or refuses to provide information on the beneficial owner or the person exercising control over the Applicant, and is unwilling to explain the nature and purpose of transaction, or source of funds; IX. Other causes deemed reasonable by the Bank to terminate the Agreement with the Applicant.

Termination of the Agreement by the Bank. The Bank shall notify the Applicant in writing at least 30 days prior to the termination of the Agreement. However, in any of the following circumstances, the Bank may terminate the Agreement at any time in writing or by any other method agreed upon: I. The Applicant has assigned rights or obligations of the Agreement to a third party without the Bank's consent. II. The Applicant is found engag in the following acts: using this service to access data that are not owned by the Applicant, or other misuse of the service, abnormal transactions of substantial amounts or frequency, or destructive or inappropriate behavior involving the use of simulation programs, Trojan horse programs or virus programs. III. The Applicant is declared bankrupt or undergoes a court-ordered corporate reorganization, or the Applicant files for bankruptcy, liquidation, dissolution or reorganization or does so by a third party. IV. The Applicant is in breach of the law or other relevant regulations, or the Applicant's accounts have been used (or suspected of being used) for illegal purposes; V. The Applicant has settled and ceased all deposit and other business dealings with the Bank; VI. The Applicant has breached provisions of the Agreement and has failed to take corrective action or has failed to fulfill the obligations by the deadline after being notified to do so. VII. The Bank deems the Applicant's account suspicious of being dummy account for criminal activities, or of any other illegal or improper use, or of illegal or clearly unusual transactions according to the standards stipulated in the “Regulations Governing the Deposit Accounts and Suspicious or Unusual Transactions”. VIII. Pursuant to the “Guidelines Governing Anti-Money Laundering and Combating the Financing of Terrorism by the Banking Sector”, the account is determined to belong to an individual, legal entity or organization subjected to economic sanctions under the “Counter-Terrorism Financing Act”; or to a terrorist or terrorist group identified or investigated by a foreign government or an international anti-money laundering organization. And where the Applicant does not cooperate with the Bank's review, or refuses to provide information on the beneficial owner or the person exercising control over the Applicant, and is unwilling to explain the nature and purpose of transaction, or source of funds;Terrorism IX. Other causes deemed reasonable by the Bank to terminate the Agreement with the Applicant.

Termination of the Agreement by the Bank. The Bank shall notify the Applicant in writing at least 30 days prior to the termination of the Agreement. However, in any of the following circumstances, the Bank may terminate the Agreement at any time in writing or by any other method agreed upon: I. The Applicant has assigned rights or obligations of the Agreement to a third party without the Bank's consent. II. The Applicant is found engag engage in the following acts: using this service to access data that are not owned by the Applicant, or other misuse of the service, abnormal transactions of substantial amounts or frequency, or destructive or inappropriate behavior involving the use of simulation programs, Trojan horse programs or virus programs. III. The Applicant is declared bankrupt or undergoes a court-ordered corporate reorganization, or the Applicant files for bankruptcy, liquidation, dissolution or reorganization or does so by a third party. IV. The Applicant is in breach of the law or other relevant regulations, or the Applicant's accounts have been used (or suspected of being used) for illegal purposes; V. The Applicant has settled and ceased all deposit and other business dealings with the Bank; VI. The Applicant has breached provisions of the Agreement and has failed to take corrective action or has failed to fulfill the obligations by the deadline after being notified to do so. VII. The Bank deems the Applicant's account suspicious of being dummy account for criminal activities, or of any other illegal or improper use, or of illegal or clearly unusual transactions according to the standards stipulated in the “Regulations Governing the Deposit Accounts and Suspicious or Unusual Transactions”. VIII. Pursuant to the “Guidelines Governing Anti-Money Laundering and Combating the Financing of Terrorism by the Banking Sector”, the account is determined to belong to an individual, legal entity or organization subjected to economic sanctions under the “Counter-Terrorism Financing Act”; or to a terrorist or terrorist group identified or investigated by a foreign government or an international anti-money laundering organization. And where the Applicant does not cooperate with the Bank's review, or refuses to provide information on the beneficial owner or the person exercising control over the Applicant, and is unwilling to explain the nature and purpose of transaction, or source of funds; IX. Other causes deemed reasonable by the Bank to terminate the Agreement with the Applicant.