Common use of TERMINATION Clause in Contracts

TERMINATION. 18.1 Without prejudice to Clauses 6 and 15 The Broker and the Client may terminate this Agreement by giving to the other written notice within 14 working days. This does not affect the undertakings and indemnities given by and obligations of the Client under this Agreement (including but not limited to Clauses 10, 11, 12 and 13) and any rights and obligations under this Agreement outstanding as of the date of termination, all of which shall survive the termination. Without prejudice to the forgoing, any termination shall not affect the rights or liabilities of either party arising out of or in connection with any Transactions entered into before the time of termination, until all such contracts have been closed out or settlement and/or delivery has been effected and all such liabilities fully discharged. 18.2 Notwithstanding Clause 18.1, the Client has no right to terminate this Agreement if the Client has sums owing to The Broker, open position or any other outstanding liabilities or obligations.

TERMINATION. 18.1 18.1. Without prejudice to Clauses 6 and 15 The Broker and the Client may terminate this Agreement by giving to the other written notice within 14 working days. This does not affect the undertakings and indemnities given by and obligations of the Client under this Agreement (including but not limited to Clauses 10, 11, 12 and 13) and any rights and obligations under this Agreement outstanding as of the date of termination, all of which shall survive the termination. Without prejudice to the forgoing, any termination shall not affect the rights or liabilities of either party arising out of or in connection with any Transactions entered into before the time of termination, until all such contracts have been closed out or settlement and/or delivery has been effected and all such liabilities fully discharged. 18.2 18.2. Notwithstanding Clause 18.1, the Client has no right to terminate this Agreement if the Client has sums owing to The the Broker, open position or any other outstanding liabilities or obligations.