Common use of Cancellation and Amendment Clause in Contracts

Cancellation and Amendment. Request to cancel or amend an Instruction is only possible before it has been executed and is subject to your acceptance (you shall not refuse to accept such a request unless on reasonable grounds). Instructions are, unless accepted by you for cancellation or amendment, good for the trading day on which it was accepted by you and shall lapse if not executed by the end of such trading day unless otherwise agreed to by you, or in the case of an Instruction relating to an exchange outside Hong Kong if the day on which the Instruction is accepted by you is not a trading day of the relevant exchange, the immediate following trading day of such exchange.

Cancellation and Amendment. Request to cancel or amend an Instruction is only possible before it has been executed and is subject to your acceptance (you shall not refuse to accept such a request unless on reasonable grounds). Instructions are, unless accepted by you for cancellation or amendment, good for the trading day on which it was accepted by you and shall lapse if not executed by the end of such trading day unless otherwise agreed to by you, or in the case of an Instruction relating to an exchange Exchange outside Hong Kong if the day on which the Instruction is accepted by you is not a trading day of the relevant exchangeExchange, the immediate following trading day of such exchangeExchange.