Common use of Adjustments Upon Extraordinary Events Clause in Contracts

Adjustments Upon Extraordinary Events. 1.18.1 If there occurs in relation to any Transaction or otherwise in relation to an Account or Accounts an Extraordinary Event, SFP shall immediately notify the Customer of such Extraordinary Event and of all adjustments or actions which SFP deems necessary to take in relation to such Transaction or any or all Transactions or otherwise to an Account or Accounts in view of the Extraordinary Event. In the event that SFP and the Customer are unable to agree on how to address this Extraordinary Event, the Customer may within twenty-four (24) hours of being notified of such Extraordinary Event (but shall not be obliged to) instruct SFP to take whatever action that the Customer deems necessary to remedy this Extraordinary Event. The Customer hereby agrees to bear any costs or losses that may be incurred by SFP in respect of such remedial action (as instructed by the Customer). In the event that the Customer does not instruct SFP within twenty-four

Appears in 4 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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