Common use of Cancellation and Correction Clause in Contracts

Cancellation and Correction. Once AFEX receives an Order, Client may not cancel the Order and is liable for all amounts owed as result. As set out above, Client may correct Order details if the Confirmation does not reflect the Order details agreed upon. If Client otherwise wishes to cancel or amend an Order, AFEX shall use commercially reasonable efforts only to do so. There is no assurance that AFEX will be able to cancel or amend an Order. Client shall indemnify and hold AFEX and its representatives harmless for any and all Losses incurred by AFEX and its representatives in attempting to cancel or amend an Order, whether or not ultimately successful.

Appears in 3 contracts

Samples: Agreement, Part v – Terms and Conditions, Part Viii – Terms and Conditions

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Cancellation and Correction. Once AFEX receives accepts an Order, Client may not cancel the Order and Client is liable for all amounts owed as result. As set out above, Client may correct Order details if the Confirmation does not reflect the Order details agreed upon. If Client otherwise wishes to cancel or amend an Order, AFEX shall use commercially reasonable efforts only to do so. There is no assurance that AFEX will be able to cancel or amend an Order. Client shall indemnify and hold AFEX and its representatives harmless for any and all Losses incurred by AFEX and its representatives in attempting to cancel or amend an Order, whether or not ultimately successful.

Appears in 2 contracts

Samples: Part Viii – Terms and Conditions, Part Viii – Terms and Conditions

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Cancellation and Correction. Once AFEX receives accepts an Order, Client may not cancel the Order and is liable for all amounts owed as result. As set out above, Client may correct Order details if the Confirmation does not reflect the Order details agreed upon. If Client otherwise wishes to cancel or amend an Order, AFEX shall use commercially reasonable efforts only to do so. There is no assurance that AFEX will be able to cancel or amend an Order. Client shall indemnify and hold AFEX and its representatives harmless for any and all Losses incurred by AFEX and its representatives in attempting to cancel or amend an Order, whether or not ultimately successful.

Appears in 1 contract

Samples: Part v – Terms and Conditions

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