Common use of Order Status Clause in Contracts

Order Status. The Participant acknowledges and agrees on behalf of itself and any party for which it is acting that delivery of a Purchase Order or Redemption Order shall be irrevocable after the specified closing time for orders on the Transmittal Date, and that the Fund (or the Distributor on behalf of the Fund) reserve the right to reject any Purchase Order or Redemption Order until the trade is released as in "good order" as described in Annex II.

Appears in 3 contracts

Sources: Agency Services Agreement (Fidelity Commonwealth Trust), Authorized Participant Agreement (Fidelity Commonwealth Trust), Authorized Participant Agreement (Fidelity Commonwealth Trust)