Client Default. 5.1 The Client agrees to indemnify Galaxy International Securities, its officers (including directors), employees and agents, against all losses and expenses resulting from breach of the Client’s Obligation under this Agreement, including costs reasonably incurred in collecting debts from the Client, and in closing the Stock Options Account.
Client Default. 4.1 If the Customer fails to comply with any of the Customer's obligations and/or to meet the Customer's liabilities under this Options Trading Agreement, including failure to provide Collateral, this will be treated as an Event of Default under Clause 11 of the Securities Client Agreement.
Client Default. 1. In the event of default in the payment of any amount owed to the Bank the Client shall ipso jure be considered to be in default, without notice, and shall owe the default interest calculated on the basis of the current legal annual default interest rate. Default interest shall also be charged over the value of securities whose delivery to the Bank is delayed by the Client. If the Bank goes ahead with required acquisition of securities (closing out), the price of the securities shall be that paid by the Bank for their required acquisition.
Client Default. 2.6.1 Without prejudice to clause 16 of this Agreement, if Client fails to comply with any of its obligations and/or to meet its liabilities under this Third Schedule, including but not limited to failure to provide Margin, and/or in any way commit default of Client’s obligations under the Options Trading Rules, SHKOS may without prior notice to Client:
Client Default. 5.1 If the Client fails to comply with any of the Client’s obligations and/or to meet the Client’s liabilities under this Client Agreement including this Schedule, including without limitation failure to provide Margin, without prejudice to any other rights KGI Asia may have, KGI Asia shall have the right to:
Client Default. In the event that the CLIENT defaults and is replaced by BRED in accordance with applicable legislation, BRED shall be considered to have full ownership of the financial instruments acquired on behalf of the CLIENT. If the Account has a negative balance, the CLIENT shall irrevocably authorise BRED to sell without prior notice all or some of the CLIENT’s financial instruments in order to redress said position. Similarly, should any CLIENT account open or due to be opened in the bank’s books show a negative balance, the CLIENT authorises BRED to offset any negative balances against any positive balances in said account(s). Finally, BRED and the broker are entitled to exercise a right of retention over the cash and financial instruments until all amounts payable by the CLIENT for any reason whatsoever have been settled.
Client Default. Client will be in default under the Agreement if any of the following occur:
Client Default. Netrix may terminate this Agreement or an applicable SOW for breach, or suspend Services until the default is cured, for the following reasons: If any amount is past due more than thirty (30) days; the assignment by Client of its business for the benefit of creditors, or the filing of a petition under the Bankruptcy Code or any similar statute, or the filing of such a petition which is not discharged or stayed within sixty (60) days, or the appointment of a receiver or similar officer to take charge of Client’s property, or any other act indicative of bankruptcy or insolvency that can be reasonably expected to place Client in payment default. Upon any termination for cause, Client will remain responsible for payment of the full amount of the remaining monthly service fees for all months remaining in the Agreement’s then current Term.
Client Default. 4.1 If the Client fails to comply with any of the Client’s obligations and/or to meet the Client’s liabilities under this Stock Options Trading Agreement, including failure to provide Collateral, this will be treated as an Event of Default under Clause 12.1 of Section B of the Client’s Agreement, in addition to its rights and powers ESL shall have under Section B of General Terms and Conditions, may at its discretion, without notice to the Client, to:
Client Default. If Client’s account results in a debit balance for more than 60 days, Client agrees it is in default of this agreement. If Client defaults on this agreement, Bandwear will notify Client that Client is in default of the agreement and give Client thirty (30) days to cure such default. If Client fails to cure the default within thirty (30) days of notice, Client agrees that Client conveys ownership of all inventory possessed by Bandwear to Bandwear and the Revenue & Payment terms of this agreement will change to the following: Bandwear will apply fifty percent (50%) of net proceeds generated by sale of Client’s music and merchandise in the Bandwear Superstore to Client’s debit balance and Bandwear will retain the remaining fifty percent (50%). Net proceeds are Client’s gross sales revenue less all fees as documented in the Fees Addendum. All other terms and conditions in the Revenue & Payments section will remain the same. Client conveys to Bandwear the perpetual right to use Client’s name and likeness and the name, artwork and likenesses associated with any of Client’s music or merchandise for the sale and marketing of the conveyed inventory until Client’s debit balance is paid in full. Client may not remove inventory from Bandwear’s possession if Client has a debit balance with Bandwear. If Client’s account becomes delinquent Bandwear reserves the right to cease all operations on behalf of Client until delinquent payment is resolved.
