Common use of Instructions and Transactions Clause in Contracts

Instructions and Transactions. 4.1 Unless otherwise agreed by us, all dealing instructions must be given to us electronically through your trading platform or our liquidity connection. 4.2 A dealing instruction given by you shall not take effect until actually received by us. In the absence of fraud, gross negligence or willful misconduct on our part, we shall be entitled to act on your behalf upon instruction given or purporting to be given by you or any other person on your behalf without further inquiry as to the genuineness, authority or identity of any such person giving or purporting to give such instructions. 4.3 We may, in our sole and absolute discretion, refuse to accept any dealing instructions from you but will endeavor to notify you of any such refusal, without giving any reasons, promptly following receipt of your instructions. In addition, a dealing instruction that for any reason is not received by us in a manner in which it can be processed shall be deemed rejected by us. We may cancel any instructions previously given by you provided that we have not acted on your instructions. Neither we, our affiliates, nor any of our or their directors, officers, employees and agents shall be liable for any loss or damage (including direct, indirect or consequential loss or loss of profits) 4.4 Execution of a dealing instruction by us shall constitute a binding agreement by you and us to a transaction between us on the terms of such instruction.

Appears in 3 contracts

Sources: Liquidity Agreement, Liquidity Agreement, Liquidity Agreement