Common use of AND RULES Clause in Contracts

AND RULES. 4.1 All Exchange Traded Options Business shall be effected in accordance with all laws, rules and regulatory directions (“Rules”) applying to Delta Asia. This Rules includes the Options Trading Rules of SEHK, the Clearing Rules of SEOCH and the rules of HKSCC. In particular, SEOCH has authority under the Laws and Rules to make adjustments to the terms of Contracts, and Delta Asia shall notify you of any such adjustments which affect Client Contracts to which you are a party. All actions taken by Delta Asia, by the SEHK, by SEOCH or by the HKSCC in accordance with such Rules shall be binding on you. 4.2 You agree that the terms of the Standard Contract (as defined in the Options Trading Rules of the Exchange) for the relevant options series shall apply to each Client Contract between you and us, and that all Client Contracts shall be created, exercised, settled and discharged in accordance with the Rules. 4.3 You agree to indemnify us and our agents, including, our respective officers, directors, and employees, immediately upon demand against all claims, demands, actions, proceedings, losses, penalties, fines, taxes, damages, costs and expenses (including legal costs incurred by us) on a fully indemnity basis and any liability whatsoever resulting from breach of your obligations under this Client Agreement including this Schedule, including costs reasonably incurred in collecting debts from you, and in closing the Options Account.