Common use of Transmitting Transactions Clause in Contracts

Transmitting Transactions. Introducing Firm shall execute orders for purchases and sales of Specified Securities by Approved Counterparties and transmit the Transactions to Wexford three times a day, at approximately 12:00 p.m. and 3:00 p.m., and by no later than 6:00 p.m. Eastern Standard Time (EST), (the last of which being referred to as the "Cut-Off Time"). Any Transactions that Wexford receives after the Cut-Off Time shall be subject to the additional fees set forth on Schedule A hereto. (i) Transmitting Back-to-Back Transactions A. The foregoing right of Introducing Firm to delay the transmission of one side is subject to (i) termination at any time that Wexford deems that it is no longer prudent to accept only one side and (ii) satisfactory amounts on deposit in the Collateral Account, in Wexford's sole discretion. In any event, such one-sided Transactions shall give rise to the additional fees established in Section 3.A. (iii) and Schedule A, regardless of when after trade date Introducing Firm transmits to Wexford the other side of the Transaction.

Transmitting Transactions. Introducing Firm shall execute orders for purchases and sales of Specified Securities by Approved Counterparties and transmit the Transactions to Wexford three times a day, at approximately 12:00 p.m. and 3:00 p.m., and by no later than 6:00 p.m. Eastern Standard Time (EST), (the last of which being referred to as the "Cut-Off Time"). Any Transactions that Wexford receives after the Cut-Off Time shall be subject to the additional fees set forth on Schedule A hereto. (i) Transmitting Back-to-Back Transactions A. The foregoing right of Introducing Firm to delay the transmission of one side is subject to (i) termination at any time that Wexford deems that it is no longer prudent to accept only one side and (ii) satisfactory amounts on deposit in the Collateral Account, in Wexford's sole discretion. In any event, such one-sided Transactions shall give rise to the additional fees established in Section 3.A. (iii) and Schedule A, regardless of when after trade date Introducing Firm transmits to Wexford the other side of the Transaction.