CLOSE OUT OF CONTRACTS IF WE CEASE TO TRADE Sample Clauses

CLOSE OUT OF CONTRACTS IF WE CEASE TO TRADE. You agree to close out all open Contracts for the date specified in the notice, and we will close out any remaining open Contracts on the date specified in the notice with effect from the close of trading on that day. If we exercise our right to close out your remaining Contracts under the preceding clause, we will close out those open Contracts at the Closing Price for the Contract except where your open Contracts are outside the Normal Trading Size, in which case we will close those Contracts at a price determined by us in accordance with market practice, but at our absolute discretion.
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Related to CLOSE OUT OF CONTRACTS IF WE CEASE TO TRADE

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  • OGS Centralized Contract Modifications OGS, an Authorized User, or the Contractor may suggest modifications to the Centralized Contract or its Appendices. Except as specifically provided herein, modifications to the terms and conditions set forth herein may only be made with mutual written agreement of the Parties. Modifications may take the form of an update or an amendment. “

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