Common use of TERMINATION AND CHANGES Clause in Contracts

TERMINATION AND CHANGES. 4.1 This Agreement can be terminated on five business days’ notice in writing given by either party at any time, except that the effect of instructions sent/received before termination shall not be affected by such termination. 4.2 The Executing Bank may amend any of these terms and conditions at its discretion, typically (but not exclusively) to: 4.2.1 comply with legal, fiscal or regulatory changes; 4.2.2 rectify errors, omissions, inaccuracies or ambiguities; and/or 4.3.3 take account of any corporate reorganisation within the Lloyds Banking Group plc group of companies, and reflect alterations in the scope and nature of the service which the Executing Bank is able to provide to the Customer under this Agreement in accordance with the Executing Bank’s systems’ capabilities and routines and having regard to market practice and overall customer demand. Changes will be notified to the Customer in writing by post. If a change is to the Customer’s disadvantage the Executing Bank will give the Customer 30 days’ prior notice in writing of the change. The Customer may by notice in writing to be received by the Executing Bank no later than 60 days after the date of the Executing Bank’s notice as aforesaid, terminate this Agreement with immediate effect and without additional charge. If a change is not to the Customer’s disadvantage the change shall take immediate effect provided that the Executing Bank will send details of the change to the Customer within 30 days. If a major change or a lot of minor changes have been made in any one year, the Executing Bank will send the Customer a copy of the new terms and conditions or a summary of the changes. Copies of the latest documents comprising this Agreement and all other documents and material referred to herein are available to the Customer on request via its relationship manager.

TERMINATION AND CHANGES. 4.1 This Agreement can be terminated on five business days’ notice in writing given by either party at any time, except that the effect of instructions sent/sent/ received before termination shall not be affected by such termination. 4.2 The Executing Bank may amend any of these terms and conditions at its discretion, typically (but not exclusively) to: 4.2.1 comply with legal, fiscal or regulatory changes; 4.2.2 rectify errors, omissions, inaccuracies or ambiguities; and/or 4.3.3 take account of any corporate reorganisation within the Lloyds Banking Group plc group of companies, and reflect alterations in the scope and nature of the service which the Executing Bank is able to provide to the Customer under this Agreement in accordance with the Executing Bank’s systems’ capabilities and routines and having regard to market practice and overall customer demand. Changes will be notified to the Customer in writing by post. If a change is to the Customer’s disadvantage the Executing Bank will give the Customer 30 days’ prior notice in writing of the change. The Customer may by notice in writing to be received by the Executing Bank no later than 60 days after the date of the Executing Bank’s notice as aforesaid, terminate this Agreement with immediate effect and without additional charge. If a change is not to the Customer’s disadvantage the change shall take immediate effect provided that the Executing Bank will send details of the change to the Customer within 30 days. If a major change or a lot of minor changes have been made in any one year, the Executing Bank will send the Customer a copy of the new terms and conditions or a summary of the changes. Copies of the latest documents comprising this Agreement and all other documents and material referred to herein are available to the Customer on request via its relationship manager.