Common use of Ceasing to Be Eligible Clause in Contracts

Ceasing to Be Eligible. The Member must inform us as soon as reasonably practicable if it ceases to be eligible to be a Member. If the Member informs the Platform, or if the Platform discovers, that the Member has ceased to be eligible, its Bambucorn Membership will be suspended in accordance with paragraph 15. If the suspended Member later becomes eligible to be a Member again and inform the Platform of this, its Bambucorn Membership may be reinstated at the Platform’s discretion.

Appears in 2 contracts

Sources: Membership Agreement, Membership Agreement