Common use of Electronic Settlement Clause in Contracts

Electronic Settlement. If Settlement is paid to Argentex electronically, the Client agrees that Settlement shall not be recallable by the Client without Argentex’s prior written consent. If the Client fails to make immediate payment in full Settlement for the Transaction, or if a Default Event has occurred in relation to the Client under the Agreement, Argentex is not required to perform its obligations under outstanding Transactions and shall have the right to suspend and/or ultimately terminate the Services offered under these Terms and Conditions, and terminate all Transactions under clause 8 of this Agreement.