Common use of Client Termination Clause in Contracts

Client Termination. KeyBank reserves the right to terminate any Client from the Plan upon a determination that there is reasonable cause to believe that the Client represents an unfavorable credit risk including but not limited to items in Section 1.2(b) to KeyBank or HPS. KeyBank agrees that as a condition to exercising such right, it will notify HPS of its intent to terminate such Client and provide HPS with the opportunity to consult with KeyBank regarding the intended termination. Nothing in this Section 1.3 shall, however, operate as a limitation on KeyBank discretion in terminating a Client and shall not limit KeyBank’s ability to suspend deposits to a Client’s account if such action is deemed necessary or appropriate by KeyBank.