Common use of Termination by HSBC Clause in Contracts

Termination by HSBC. If HSBC wishes to terminate this Agreement, HSBC shall give you a written notice at least thirty (30) days prior to the termination. However, if any of the following events occurs, HSBC may terminate this Agreement immediately at any time by giving written notice or notice by other agreed means: A. you assign your rights or obligations hereunder to any third party without HSBC's consent; B. where you are declared bankruptcy pursuant to the Bankruptcy Act or apply for proceeding settlement or liquidation procedures pursuant to the Statute of Consumers Debt Clearance Act; C. You breach any of Articles 17 to 19 of this Agreement; and/or D. You breach any other provision of this Agreement, and fail to ratify such breach after receiving notice of requesting rectification within a specified time limit.

Appears in 4 contracts

Sources: HSBC Personal Internet Banking/Mobile Banking Service Agreement, HSBC Personal Internet Banking/Mobile Banking Service Agreement, Personal Internet Banking/Mobile Banking Service Agreement