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on termination of participation , the pm accounts of the participant concerned shall be closed in accordance with article 29 .
on termination of participation , the pm accounts of the participant concerned shall be closed in accordance with article 29 .
general broad clauses in oems t&cs for termination of contract, but wide clauses for penalties and compensation.
general broad clauses in oems t&cs for termination of contract, but wide clauses for penalties and compensation
on termination of participation , the confidentiality duties laid down in article 32 remain in force for a period of five years starting on the date of termination .
on termination of participation , the confidentiality duties laid down in article 32 remain in force for a period of five years starting on the date of termination .
upon termination of a participant 's participation , target2-ecb shall not accept any new payment orders from such participant .
upon termination of a participant 's participation , target2-ecb shall not accept any new payment orders from such participant .
5.1 global netting should a default termination occur , the ecb shall , as soon as is reasonably practicable , take an account of what is due from each party to the other under each netting agreement ( including under appendix 2 of this agreement ) in respect of which default termination has occurred and aggregate the sums due from each party to the other under such netting agreements ( including under appendix 2 of this agreement ) , in every case in or converted into the base currency , and only the net balance of the account shall be payable by the party owing the larger aggregate sum .
5.1 global netting should a default termination occur , the ecb shall , as soon as is reasonably practicable , take an account of what is due from each party to the other under each netting agreement ( including under appendix 2 of this agreement ) in respect of which default termination has occurred and aggregate the sums due from each party to the other under such netting agreements ( including under appendix 2 of this agreement ) , in every case in or converted into the base currency , and only the net balance of the account shall be payable by the party owing the larger aggregate sum .