25. Termination

25.1 Either party may terminate this Agreement at any time by written notice to the other to take effect immediately or on such date as may be specified in such notice. Without limitation to the generality of the foregoing, on the basis that the role of the Relationship Manager is to provide relationship management services to you, whilst we shall endeavour to give you notice of termination, you acknowledge that we may terminate on short notice or without notice at any time if the Relationship Manager ceases to provide relationship management services to you on our behalf.

25.2 Termination of this Agreement pursuant to clause 25.1 shall be:

25.2.1 without prejudice to the completion of any transaction or transactions already initiated and any transaction or all transactions outstanding at the time of termination will be settled and delivery made. Without prejudice to the foregoing and to anything in clause 25.1 we reserve the right to close all open orders or transactions on termination without any further notice;

25.2.2 without prejudice to and shall not affect any accrued rights, or outstanding Obligations or any contractual provision intended to survive termination (including without limitation rights existing in our favour on an Event of Default, the Security, and any indemnity in our favour); and

25.2.3 without penalty or other additional payment save that you will pay:

(a) our outstanding fees and charges (pro-rated where appropriate to the date of termination);

(b) any expenses incurred by us in the provision of the Services or under this Agreement payable by you;

(c) any additional expenses incurred by us in terminating this Agreement;

(d) any losses necessarily realised in settling or concluding outstanding obligations; and

(e) any other outstanding Obligations.