Common use of Application Date Clause in Contracts

Application Date. Subject to clause 17.2, the amendments made under this clause 17 will apply, including to all Open Positions and unexecuted orders, from the effective date as stated by us of the changes specified in the notice. We may at our discretion terminate these Terms and Conditions and close your Account and any Position at any time by giving you 10 Business Days’ written notice; this right is in addition to any other rights to terminate these Terms and Conditions or close your Account that we may have under these Terms and Conditions. You may also terminate these Terms and Conditions or close your Account at any time by giving us one Business Day’s prior written notice. Your Account will be closed as soon as reasonably practicable (normally within two Business Days) after we have received your notice of termination, all Open Positions are validly closed in their entirety, all orders cancelled, and all of your obligations are discharged, including our receipt of all amounts owed to us in connection with these Terms and Conditions (whether directly or indirectly).

Appears in 2 contracts

Sources: Client Services Agreement, Client Services Agreement