Common use of Account Closing Clause in Contracts

Account Closing. Umicore may close a Metal Account at any time by notice to Customer specifying the effective date of the closing which, in the absence of an Event of Default, shall be no less than 4 weeks after the date of the notice.

Account Closing. Umicore may close a Metal Account at any time by notice to Customer specifying the effective date of the closing closing, which, in the absence of an Event of Default, shall be no less than 4 weeks after the date of the notice.