Common use of Cancellation of Instructions Clause in Contracts

Cancellation of Instructions. 6.1 SBIC may, but shall not be obliged to cancel any instructions given by the Customer without incurring any liability whatsoever if funds in the Account(s) are insufficient, if any Account has been frozen or a new Account has not been opened, or if SBIC knows or has reason to believe that a fraud, criminal act, offence or violation of any law or regulation has been or will be committed. SBIC may also execute the Customer‘s instructions in part only and in whatever order that SBIC shall in its sole and absolute discretion determine. 6.2 SBIC shall not be obliged to countermand or reverse any instruction given by the Customer, or to accept any conditional instruction or any instruction which requires earlier or delayed payment after such instructions have been transmitted by the Customer to SBIC. SBIC shall also not be liable for any loss or damage arising from the failure to countermand, reverse or accept any such instructions. If SBIC attempts at the Customer’s request to reverse any instruction, or to meet any of the Customer’s requests, the Customer agrees to pay the charges defined at Clause 4 and all other relevant costs incurred.

Cancellation of Instructions. 6.1 SBIC may, but shall not be obliged to cancel any instructions given by the Customer without incurring any liability whatsoever if funds in the Account(s) are insufficientinsufficient, if any Account has been frozen or a new Account has not been opened, or if SBIC knows or has reason to believe that a fraud, criminal act, offence offence or violation of any law or regulation has been or will be committed. SBIC may also execute the Customer‘s instructions in part only and in whatever order that SBIC shall in its sole and absolute discretion determine. 6.2 SBIC shall not be obliged to countermand or reverse any instruction given by the Customer, or to accept any conditional instruction or any instruction which requires earlier or delayed payment after aGer such instructions have been transmitted by the Customer to SBIC. SBIC shall also not be liable for any loss or damage arising from the failure to countermand, reverse or accept any such instructions. If SBIC attempts at the Customer’s request to reverse any instruction, or to meet any of the Customer’s requests, the Customer agrees to pay the charges defined defined at Clause 4 and all other relevant costs incurred.