Death of a Client Clause Samples

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Death of a Client. If any owner of an account dies, we must be provided with a certified copy of the death certificate and any other document which in our sole discretion may be necessary to establish the ownership of the account before we release the balance in the account to any survivor or to the estate of the decedent or to any beneficiary or beneficiaries of any pay-on-death account or transfer-on-death securities account. However, you agree that we shall have no obligation to release such balance or any part thereof or any other asset of the decedent, unless and until we are fully satisfied, in our sole judgment, that we will have no resulting liability or potential liability for any estate tax, gift tax, or similar tax under the federal law of the United States or under any other applicable law of any jurisdiction.
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Death of a Client. In case of a decision of bankruptcy or winding up of the Client is taken through a meeting or through the submission of an application for the aforementioned.
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Death of a Client. In the event that ▇▇▇▇▇ is notified of the death of the Client and the heir(s) have - in the opinion of BROKR - provided all requested information and documentation in a complete and correct manner, the heir(s) may dispose of the Balance according to the possibilities offered to them by ▇▇▇▇▇. Heir(s) can contact ▇▇▇▇▇'s Service Desk for information on the procedure for deceased clients.
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Death of a Client. On notification of your death to us, we shall suspend our services in relation to the account until we receive the grant of representation in respect of your estate but, if we hold any of your assets in connection with services provided to you, we will continue to provide custodial services. This Agreement will continue in force until terminated by your personal representatives or by us on giving notice to your personal representatives. Charges will be confirmed to your personal representatives. Notification of your death to us will not affect any outstanding order or transaction or accrued charges under this Agreement or any legal rights or obligations which may already have arisen. We will notify your personal representatives of any sell recommendations of investments held in the account. No new purchases will be considered. Once we have received the grant of representation in respect of your estate, we shall carry out your personal representatives’ instructions subject to any re-registration of assets in connection with this Agreement. If we do not receive instructions from your personal representatives within 28 days after we have received the grant of representation, we may re-register such assets in the name of your personal representatives. Before we receive the grant of representation, or if there is no statutory requirement to obtain one, we may, in our absolute discretion, act in accordance with your personal representatives’ instructions subject to such persons entering into an appropriate agreement with us. In the case of a sole trustee, we may enter into a new agreement with and provide services to a new trustee, if one is appointed, subject to any specific instructions in this regard and us receiving any information that we may reasonably require.
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Death of a Client. In the event that ▇▇▇▇▇▇ is informed of the death of the Client and the heir(s) – in the assessment of DEGIRO – have provided all requested information and documentation in a complete and correct manner, the heir(s) can dispose of the Balance according to the options offered to them by ▇▇▇▇▇▇.
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Death of a Client. In the case of the death of a client or of one of the account holders, for non-joint tenant accounts (OR) the Bank require that the death certificate or any other legal document be presented so the Bahamas court can issue a "Letter of Administration" in order to retrieve the balance of the account. The Legal Department of the Bank, may request any other document that it deems necessary and as required by Law.
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Related to Death of a Client

  • Death of Annuitant If the natural Owner and Annuitant are different, and the Annuitant dies before the Annuity Date, the Owner becomes the Annuitant until the Owner elects a new Annuitant. If there are Joint Annuitants, upon the death of any Annuitant prior to the Annuity Date, the Owner may elect a new Joint Annuitant. However, if the Owner is a non-natural person, We will treat the death of any Annuitant as the death of the "Primary Annuitant" and as the death of the Owner, see DEATH PROVISIONS.

  • Death of Optionee If the Optionee shall die while in the employ of the Company, Optionee's personal representative or the person entitled to Optionee's rights hereunder may at any time within six (6) months after the date of Optionee's death, or during the remaining term of this Option, whichever is the lesser, exercise this Option and purchase Shares to the extent, but only to the extent, that Optionee could have exercised this Option as of the date of Optionee's death; provided, in any case, that this Option may be so exercised only to the extent that this Option has not previously been exercised by Optionee.

  • Death of an Employee All rights to accident pay will cease on the death of an Employee.

  • Death of Executive In the event of the death of Executive during the Employment Period, the Company’s obligations hereunder shall automatically cease and terminate; provided, however, that within 15 days the Company shall pay to Executive’s heirs or personal representatives Executive’s Base Salary and accrued vacation accrued to the date of death.

  • Death of Member Upon the death of the Member, the Company shall be dissolved. By separate written documentation, the Member shall designate and appoint the individual who will wind down the Company’s business and transfer or distribute the Member's Interests and Capital Account as designated by the Member or as may otherwise be required by law.