Termination of PB Terms Sample Clauses

Termination of PB Terms. BNPP PB may terminate the PB Terms at any time for any reason by giving notice of termination to Customer. In the event of such termination, BNPP PB continues to have its rights under the SEC Letter to cease the clearance and settlement of any transactions for Customer executed but not settled prior to such notice of termination. The PB Terms shall terminate immediately upon the termination of the Account Agreement.
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Termination of PB Terms. BAS may terminate the PB Terms at any time for any reason by giving notice of termination to Customer. In the event of such termination, BAS continues to have its rights under the SEC Letter to cease the clearance and settlement of any transactions for Customer executed but not settled prior to such notice of termination. The PB Terms shall terminate immediately upon the termination of the Account Agreement.
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Termination of PB Terms. BNPP PB may terminate the PB Terms at any time for any reason by giving notice of termination to Customer. In the event of such termination, BNPP PB continues to have its rights under the SEC Letter to cease the clearance and settlement of any transactions for Customer executed but not settled prior to such notice of termination. The PB Terms shall terminate immediately upon the termination of the Account Agreement. This Exhibit C (the “Rehypothecation Agreement”) is entered into between Customer and BNP PARIBAS SECURITIES CORP. (“BNPP PB”), on behalf of itself and as agent for the BNPP Entities. This Rehypothecation Agreement is incorporated as an exhibit to the U.S. PB Agreement (the “Agreement”). Certain capitalized terms used in this Rehypothecation Agreement are defined in the Account Agreement. 1. Rehypothecation - (a) Customer expressly grants each BNPP Entity the right, to the fullest extent that it may effectively do so under Applicable Law and subject to the terms and conditions of this Rehypothecation Agreement and MLP Annex, (i) to use or invest cash Collateral at its own risk and (ii) to re-register the Collateral in its own name or in another name other than Customer’s, to use or invest the proceeds of any securities lending transaction at its own risk, and to pledge, repledge, hypothecate, rehypothecate, sell, lend, or otherwise transfer or use the Collateral (the “Hypothecated Securities”), as principal and not as agent of Customer, with all attendant rights of ownership except as provided below. For the purposes of the return of any Hypothecated Securities to Customer, BNPP PB’s return obligations shall be satisfied by delivering the Hypothecated Securities or securities identical to such Hypothecated Securities (such securities having the same cusip number as the subject Hypothecated Securities, or in the case of a reorganization or recapitalization of the issuer, the equivalent of the subject Hypothecated Securities) (“Equivalent Securities”). For the avoidance of doubt, Customer hereby grants BNPP PB its consent to hypothecate its securities for the purposes of Rule 15c2-1(a)(1) of the Exchange Act, subject to the limits of this Agreement. (b) Collateral held by Custodian (including any successor thereto, the “Custodian”) pursuant to the Special Custody and Pledge Agreement between BNPP PB, Customer, and Custodian (the “Special Custody Agreement”) (such Collateral, the “Margin Collateral”) shall be transferred to BNPP PB for purposes of...
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Termination of PB Terms. BNPP PB may terminate the PB Terms at any time for any reason by giving notice of termination to Customer in accordance with the Account Agreement. In the event of such termination, BNPP PB continues to have its rights under the SEC Letter to cease the clearance and settlement of any transactions for Customer executed but not settled prior to such notice of termination. The PB Terms shall terminate immediately upon the termination of the Account Agreement. This Exhibit C (the “Rehypothecation Agreement”) is entered into between Customer and BNP PARIBAS PRIME BROKERAGE, INC. (“BNPP PB”), on behalf of itself and as agent for the BNPP Entities. This Rehypothecation Agreement is incorporated as an exhibit to the U.S. PB Agreement (the “Agreement”). Certain capitalized terms used in this Agreement are defined in the Account Agreement.
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Termination of PB Terms. Cowen or Customer may terminate the PB Terms at any time for any reason by giving notice of termination to the other party. In the event of such termination, Cowen continues to have its rights under the SEC Letter to cease the clearance and settlement of any transactions for Customer executed but not settled prior to such notice of termination. The PB Terms shall terminate immediately upon the termination of the Base Account Agreement. This Electronic Trading Annex (the “Electronic Trading Annex”) is entered into between Customer and Cowen. The Electronic Trading Annex supplements the Customer Account Agreement between Cowen and Customer and sets forth additional terms and conditions pursuant to which Cowen has authorized Customer to place certain orders by electronic means for execution by or on behalf of Customer to be carried in one or more Cowen accounts (collectively, as used in this Electronic Trading Annex, the “Account”) (the foregoing, the “Electronic Trading Service”). 1. An initial list of individuals who are authorized to place orders directly with Cowen on behalf of Customer for the Account (each, an “Authorized Individual”) is attached hereto as Schedule A to this Electronic Trading Annex. This list may be updated from time to time by notice from Customer to Cowen. Cowen will accept orders using the Electronic Trading Service only from Authorized Individuals. 2. Customer acknowledges and agrees that Cowen may at any time and from time to time, at its absolute discretion, impose operating guidelines and restrictions on the use of the Electronic Trading Service by Customer and/or by any Authorized Individual. This may include: placing limits on transactions and orders, including without limitation placing limits on all or any of the following: ▇. ▇▇▇▇▇’▇ total exposure to Customer or any Authorized Individual; b. the maximum order size and value that can be submitted by Customer, or any Authorized Individual; c. the prices at which orders may be submitted using the Electronic Trading Service by Customer or any Authorized Individual; and ▇. ▇▇▇▇▇’▇ total exposure for orders transmitted by Customer or any Authorized Individual. Customer on its own behalf and on behalf of each Authorized Individual agrees to abide by such limits. Limits imposed by Cowen shall be effective from the date of notice to Customer by Cowen. In the event that any limit is exceeded, Cowen shall have the right in accordance with the Base Account Agreement to liquidate any o...
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Related to Termination of PB Terms

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Termination of Plan The Sponsor may terminate the Plan and the Trust with respect to all Employers by executing and delivering to the Committee and the Trustee, a notice of termination, specifying the date of termination.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Early Termination of Agreement This agreement may be terminated at any time upon a thirty (30) day written notice from either party, and without fault or claim for damages by either party.

  • DETERMINATION OF BREACH AND TERMINATION OF AGREEMENT A. Prior to making a determination that the Applicant has failed to comply in any material respect with the terms of this Agreement or to meet any material obligation under this Agreement, the District shall provide the Applicant with a written notice of the facts which it believes have caused the breach of this Agreement, and if cure is possible, the cure proposed by the District. After receipt of the notice, the Applicant shall be given ninety (90) days to present any facts or arguments to the Board of Trustees showing that it is not in breach of its obligations under this Agreement, or that it has cured or undertaken to cure any such breach. B. If the Board of Trustees is not satisfied with such response or that such breach has been cured, then the Board of Trustees shall, after reasonable notice to the Applicant, conduct a hearing called and held for the purpose of determining whether such breach has occurred and, if so, whether such breach has been cured. At any such hearing, the Applicant shall have the opportunity, together with their counsel, to be heard before the Board of Trustees. At the hearing, the Board of Trustees shall make findings as to: i. whether or not a breach of this Agreement has occurred; ii. whether or not such breach is a Material Breach; iii. the date such breach occurred, if any;