Common use of Account Cancellation Clause in Contracts

Account Cancellation. Party B may apply to cancel its holder account through its settlement agent. For account cancellation, Party A shall confirm that there are no financial products held and there are no creditors’ rights and liabilities attributable to the relevant account. Party A will stop offering Party B services after the holder account is canceled. Party B may inquire about financial materials of Party A through its settlement agent, prior to terminating the Agreement. Party A will not be liable to Party B or any third party for service offer termination.

Appears in 1 contract

Sources: Settlement Member Service Agreement

Account Cancellation. Party B may apply to cancel for cancellation of its holder account through its settlement agentaccount. For account cancellationBefore cancelling, Party A shall confirm that there are such account has no financial products held and there are no creditors’ rights unsettled debts and liabilities attributable to the relevant accountclaims. Party A will stop offering Party B services after the After holder account is canceled. , Party A will terminate any service offered to Party B. Party B may inquire about financial accounting materials recorded before the termination date of Party A through its settlement agent, prior to terminating the Agreement. A. Party A will not be liable to assume any responsibility for Party B or any third party for in connection with service offer termination.

Appears in 1 contract

Sources: Settlement Member Service Agreement