APPLICABLE RULES AND STATUTES Sample Clauses
The "Applicable Rules and Statutes" clause defines which laws, regulations, and legal standards govern the interpretation and enforcement of the contract. In practice, this clause specifies the jurisdiction’s statutes, administrative rules, or industry regulations that apply to the agreement, ensuring all parties are aware of the legal framework that will be used to resolve disputes or interpret obligations. Its core function is to provide clarity and predictability by identifying the authoritative legal sources, thereby reducing uncertainty and potential conflicts over which laws apply.
APPLICABLE RULES AND STATUTES. All transactions made for me under this agreement shall be subject, where applicable, to the provisions of the Securities Exchange Act of 1934 and the Commodity Exchange Act, to all rules and regulations of the Securities and Exchange Commission, the Board of Governors of the Federal Reserve System and the Commodity Futures Trading Commission. They also shall be subject to the rules and regulations, customs and usages of the exchange or market where my orders are executed, as the same may be amended or supplemented from time to time. 4. DESIGNATION OF ORDERS/SHORT SALES. Every order I give you for the sale or purchase of securities or commodities contemplates an actual sale or purchase. I will deliver to you securities or commodities to cover all my sale orders and will receive and pay for on your demand all securities and commodities covered by my purchase orders. If I fail to deliver to you any securities or commodities which you have sold pursuant to my order, you are authorized to borrow the securities or commodities necessary to make delivery thereof, and in the event of your inability to borrow or otherwise obtain the commodities or securities, I shall be responsible for any loss you may sustain thereby. You shall have a reasonable time to deliver to me any securities or commodities which you have purchased for my account and for which I have paid in full. I understand that in the case of a short sale (delivery of borrowed shares), the short transaction may at any time be terminated by purchasing back the shares if the borrowed shares are recalled by the lender or otherwise become unavailable. Furthermore, I understand that you will not be responsible for any losses sustained by me as a result of short sale strategies that were terminated due to unavailable shares. 5.
APPLICABLE RULES AND STATUTES. All transactions made for you under this PLOC Agreement shall be subject, where applicable, to the provisions of the Securities Exchange Act of 1934, as amended, and to all rules and regulations of the Securities and Exchange Commission and the Board of Governors of the Federal Reserve System. They also shall be subject to the rules and regulations, customs and usages of the exchange or market where your orders are executed, as the same may be amended or supplemented from time to time.