Common use of Acceptance of Orders; Position Limits Clause in Contracts

Acceptance of Orders; Position Limits. (i) Where Customer has not breached any applicable position limits, Xxxxxx Xxxxxxx shall have the right to limit the size of positions (net or gross) of Customer with respect to the Account at any time on no less than three Business Days’ prior written notice and to refuse acceptance of orders to establish new positions at any time, without regard to whether such refusal or limitation is required by, or based on position limits imposed under, Applicable Law. Xxxxxx Xxxxxxx shall have the right to limit the size of open positions (net or gross) of Customer with respect to the Account at any time only as necessary to comply with Applicable Law or applicable position limits. Xxxxxx Xxxxxxx shall promptly notify Customer of its rejection of any order. To the extent permitted by Applicable Law, Xxxxxx Xxxxxxx is authorized to combine orders for Customer’s Account with orders for other customers. Unless specified by Customer, Xxxxxx Xxxxxxx may designate the exchange or other markets (including, without limitation, an exchange’s electronic trading platform) on or through which it will attempt to execute orders.