Delays and refusals Sample Clauses

Delays and refusals. We may refuse any request, or delay execution of any request at our discretion, including based on the grounds if AIX CSD, AIX Registrar or we determine that the request requires additional checks and/or clarification from you. You also acknowledge that you may suffer market losses during periods of volatility in the price and volume of a particular Security, or when system issues result in an inability to place or execute a request. You acknowledge that we will not be responsible for any losses caused by the rejection or delay of the requests, or instability of the system. If the transaction is unsuccessful, your request will be rejected, and you will receive an appropriate notification about this. In case the Registrar Account in AIX Registrar or Depository Account in AIX CSD is blocked/frozen, the request shall be rejected. You will not hold us liable for any loss you may incur due to our refusal to permit any deposit, withdrawal, or transaction.
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Related to Delays and refusals

  • Delays If no event of Force Majeure shall have occurred and be continuing and in the event that a delay shall have been caused by the negligence or willful misconduct of the Custodian in carrying out an Instruction to credit or transfer cash, the Custodian shall be liable to the Fund: (a) with respect to Principal Accounts, for interest to be calculated at the rate customarily paid on such deposit and currency by the Custodian on overnight deposits at the time the delay occurs for the period from the day when the transfer should have been effected until the day it is in fact effected; and, (b) with respect to Agency Accounts, for interest to be calculated at the rate customarily paid on such deposit and currency by the Subcustodian on overnight deposits at the time the delay occurs for the period from the day when the transfer should have been effected until the day it is in fact effected. The Custodian shall not be liable for delays in carrying out Instructions to transfer cash which are not due to the Custodian's own negligence or willful misconduct.

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