Common use of Decline of Client’s Orders Clause in Contracts

Decline of Client’s Orders. 13.1. Without prejudice to any other provisions herein, the Company is entitled, at any time and at its discretion, without giving any notice or explanation to the Client to restrict the Client’s trading activity, to cancel Orders, to decline or refuse to transmit or execute any Order of the Client, and the Client has no right to claim any damages, specific performance or compensation whatsoever from the Company, in any of the following cases: (a) Internet connection or communications are disrupted. (b) In consequence of request of regulatory or supervisory authorities of Australia or a court order or antifraud or anti-money laundering/counter- terrorism financing authorities. (c) Where the legality or genuineness of the Order is under doubt. (d) A Force Majeure Event has occurred. (e) In an Event of Default of the Client as described in clause 14.1 below. (f) The Company has sent a notice of Termination of the Agreement to the Client. (g) The system of the Company rejects the Order due to trading limits imposed. (h) Under abnormal market conditions. (i) The Client does not hold adequate funds in their Balance for the specific Order or the Balance goes below zero. (j) Benefits, Takeovers and Transformations (including events such as share consolidations/splits, mergers, takeovers, spinoffs, IPOs, de- listings, etc.). Depending on the circumstances of each event, the Company may close out any Open Positions at the market price immediately prior to such an event taking place.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Decline of Client’s Orders. 13.1. Without prejudice to any other provisions herein, the Company is entitled, at any time and at its discretion, without giving any notice or explanation to the Client to restrict the Client’s trading activity, to cancel Orders, to decline or refuse to transmit or execute any Order of the Client, and the Client has no right to claim any damages, specific performance or compensation whatsoever from the Company, in any of the following casesfollowingcases: (a) Internet connection or communications are disrupted. (b) In consequence of request of regulatory or supervisory authorities of Australia Belize or a court order or antifraud or anti-money laundering/counter- terrorism financing laundering authorities. (c) Where the legality or genuineness of the Order is under doubt. (d) A Force Majeure Event has occurred, according to paragraph 27. (e) In an Event of Default of the Client as described in clause paragraph 14.1 below. (f) The Company has sent a notice of Termination of the Agreement to the Client. (g) The system of the Company rejects the Order due to trading limits imposed. (h) Under abnormal market conditions. (i) The Client does not hold adequate funds in their his Balance for the specific Order or the Balance goes below zero.. 11 (j) Benefits, Benefits – Takeovers and Transformations (including events such as share consolidations/splits, mergers, takeovers, spinoffs, IPOsMBOs, de- listings, etc.). Depending on the circumstances of each event, the Company may close out any Open Positions at the market price immediately prior to such an event taking place.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

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