Acceptance rules Sample Clauses

Acceptance rules. (a) Where only one open Bid and one open Offer match, then:
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Acceptance rules. Where only one open Bid and one open Offer match, then: the Bid and Offer are taken to have been accepted; and a Transaction is formed in which: the Trading Participant that submitted the Offer is the Seller and the Trading Participant that submitted the Bid is the Buyer; and the terms of the Transaction, subject to the partial acceptance rules in clause 13.1.4, are the terms of the earliest Order displayed in the form in which it was accepted (and whether one Order is earlier than another is determined by reference to the Time Stamp for each Order). Where an open Bid matches one or more open Offers, then: one or more Offers is taken to have been accepted as a consequence of the Bid, being the open Offer with the lowest price or, where the lowest price is common to two or more Offers, the Offer with the lowest price which was submitted first in time (as indicated by the most recent Time Stamp for each Offer); and when the Offer is accepted, a Transaction is formed in which: the Trading Participant that submitted the Offer is the Seller and the Trading Participant that submitted the Bid is the Buyer; and the terms of the Transaction, subject to the partial acceptance rules in clause 13.1.4, are the terms of the Offer. Where an open Offer matches one or more open Bids, then: one or more Bids is taken to have been “accepted” as a consequence of the Offer, being the open Bid with the highest price or, where the highest price is common to two or more Bids, the Bid with the highest price which was submitted first in time (as indicated by the most recent Time Stamp for each Bid); and when the Offer is accepted, a Transaction is formed in which: the Trading Participant that submitted the Offer is the Seller and the Trading Participant that submitted the Bid is the Buyer; and the terms of the Transaction, subject to the partial acceptance rules in clause 13.1.4, are the terms of the Bid.
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Related to Acceptance rules

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  • ONLINE PUBLIC AUCTION TERMS AND CONDITIONS The Terms and Conditions specified herein shall govern all users of xxxx.xxxxxxxx.xxx.xx. (PAH Website) IMPORTANT These terms and conditions apply to all online bidding at auction sales conducted by or in conjunction with AMBANK (M) BERHAD / AMBANK ISLAMIC BERHAD (“Online Public Auction”). By registering to participate, bidding or purchasing in a AMBANK (M) BERHAD / AMBANK ISLAMIC BERHAD auction sale via Online Public Auction, you expressly agree to be bound by these terms and conditions in full.

  • Advance Rulings 1. Each Party shall provide for written advance rulings to be issued to an importer in its territory, or an exporter or producer in the territory of the other Party, concerning:

  • WORK RULES A. No employee shall be under the influence of any drug or alcohol while the employee is working or while the employee is on the Employer's premises or operating the Employer's vehicle, machinery, or equipment, except pursuant to a legitimate medical reason or when approved by the Employer as a proper law enforcement activity.

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