Common use of Automated Systems Clause in Contracts

Automated Systems. The Customer consents to the use of automated systems or service bureaus by the Broker and the Broker’s respective Affiliates in conjunction with the Customer Account, including automated order entry and execution, record keeping, reporting and account reconciliation and risk management systems (collectively “Automated Systems”). The Customer understands that the use of Automated Systems entails risks, such as interruption or delays of service, errors or omissions in the information provided, system failure and errors in the design or functioning of such Automated Systems (collectively, a “System Failure”) that could cause substantial damage, expense, or liability to the Customer. The Customer understands and agrees that Indemnified Parties will have no liability whatsoever for any of the Customer’s Losses arising out of or relating to a System Failure.

Automated Systems. The Customer consents to the use of automated systems or service bureaus by the Broker Altruist and the Broker▇▇▇▇▇▇▇▇’s respective Affiliates in conjunction with the Customer Account, including automated order entry and execution, record keeping, reporting and account reconciliation and risk management systems (collectively “Automated Systems”). The Customer understands that the use of Automated Systems entails risks, such as interruption or delays of service, errors or omissions in the information provided, system failure of mechanical equipment or hardware, and errors in the design or functioning of such Automated Systems (collectively, a “System Failure”) that could cause substantial damage, expense, or liability to the Customer. The Customer understands and agrees that Indemnified Parties will have no liability whatsoever for any of the Customer’s Losses arising out of or relating to a System Failure.