Common use of MANIFEST ERROR Clause in Contracts

MANIFEST ERROR. 19.1 The Company reserves the right to void ab initio any Contract involving or deriving from a manifest error. A “Manifest Error” means any error omission or misquote which is obvious or palpable. In deciding whether an error is a Manifest Error we may take into account any relevant information including the state of the Underlying Market at the time of the error. In making such a decision we will act in our sole discretion, reasonably and in good faith. Any financial commitment that you have entered into or refrained from entering into in reliance on a Contract with us will not be taken into account in deciding whether or not there has been a Manifest Error.

Appears in 2 contracts

Sources: Foreign Exchange Customer Agreement, Foreign Exchange Customer Agreement