PRESCRIBED LIMITS Clause Samples

PRESCRIBED LIMITS. The SFC Rules imposes restrictions on the maximum number of futures contracts, including an option on a contract made under the rules or conventions of a futures market as defined in the Ordinance, for any one contract month or series that may be held or controlled by the Client. The prescribed limits on futures contracts are specified in schedule 1 of the SFC Rules. In general, the prescribed limits in schedule 1 of the SFC Rules are also reflected in the Rules of Futures Exchange. The Client should note that in addition to the prescribed limits, the Futures Exchange may impose other position limits on a particular contract, Galaxy International Futures or the Client where situations warrant such action. The Client should make reference to the HKEX website for the latest prescribed limits: ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇.▇▇/Services/Trading/Derivatives/Overview/Trading-Mechanism/Large-Open-Positions-and-Position-Limits?sc_lang=en The prescribed limits apply to all positions held or controlled by any person including positions held by the person for his own account and positions belonging to other persons but under the control of such person (“Aggregation Requirements”). A person is regarded as having control of positions as for example where a person is allowed to exercise discretion to trade or dispose of the positions independently without the day- to-day direction of the owner of the positions. The prescribed limits do not apply to a person who controls positions merely by virtue of its corporate relationship (e.g. a parent company in relation to positions held by its affiliates/subsidiaries) provided that such person does not give its affiliates/subsidiaries any day-to-day direction with respect to trading. EachE of Galaxy International Futures and the Client is prohibited from entering into, holding or controlling more than thethe prescribed limits, unless the excess is expressly authorised by the Futures Exchange oror SFC in accordance with the SFC Rules.
View SourceView Similar (16)
PRESCRIBED LIMITS. Where a full time employee is incapacitated by sickness or injury arising out of and in the course of employment, salary may be paid at the discretion of the employer.
View SourceView Similar (3)
PRESCRIBED LIMITS. 7.1. Each Advanced User shall, unless YoloSwap otherwise determine, be subject to the following limitations: (a) the Offer Token Quantity for each Token Exchange Order shall not exceed the equivalent of such US$ amount as YoloSwap may approve from time to time, based on a US$ to Offer Token exchange rate as determined by us; and (b) the number of Completed Token Exchange transactions each Advanced User is entitled to make within each 24-hour period shall not be more than such number as YoloSwap may approve from time to time, or such other limitations as determined by us in our sole and absolute discretion, with or without prior notice to you (“Advanced User Prescribed Limit”).
View Source

Related to PRESCRIBED LIMITS

  • ERISA Compliance; Excess Parachute Payments The Parent does not, and since its inception never has, maintained, or contributed to any “employee pension benefit plans” (as defined in Section 3(2) of ERISA), “employee welfare benefit plans” (as defined in Section 3(1) of ERISA) or any other Parent Benefit Plan for the benefit of any current or former employees, consultants, officers or directors of Parent.

  • Distributions Upon Income Inclusion Under Section 409A of the Code Upon the inclusion of any portion of the benefits payable pursuant to this Agreement into the Executive’s income as a result of the failure of this non-qualified deferred compensation plan to comply with the requirements of Section 409A of the Code, to the extent such tax liability can be covered by the Executive’s vested accrued liability, a distribution shall be made as soon as is administratively practicable following the discovery of the plan failure.

  • Prescription Drug Quantity Limits We limit the quantity of certain prescription drugs that you can get at one time for safety, cost-effectiveness and medical appropriateness reasons. Our clinical criteria for quantity limits are subject to our periodic review and modification. Quantity limits may restrict: • the amount of pills dispensed per thirty (30) day period; • the number of prescriptions ordered in a specified time period; or • the number of prescriptions ordered by a provider, or multiple providers. Our formulary indicates which prescription drugs have a quantity limit. Prescription drugs and diabetic equipment or supplies can be bought from the following types of pharmacies: • Retail pharmacies. These dispense prescription drugs and diabetic equipment or supplies. • Mail order pharmacies. These dispense maintenance and non-maintenance prescription drugs and diabetic equipment or supplies. • Specialty pharmacies. These dispense specialty prescription drugs, defined as such on our formulary. For information about our network retail, mail order, and specialty pharmacies, visit our website or call our Customer Service Department.

  • Coverage Types and Policy Limits The types of coverage and policy limits required from the Contractor are specified in Paragraph B Insurance Requirements below.

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence