Common use of Delivery Procedures; Options Allocation Procedure Clause in Contracts

Delivery Procedures; Options Allocation Procedure. (i) Customer will provide Xxxxxx Xxxxxxx with instructions either to liquidate Contracts previously established by Customer, make or take delivery under any such Contracts, or exercise options entered into by Customer, within such time limits as may be specified by Xxxxxx Xxxxxxx. Xxxxxx Xxxxxxx shall have no responsibility to take any action on behalf of Customer or positions in the Account unless and until Xxxxxx Xxxxxxx receives oral or written instructions reasonably acceptable to Xxxxxx Xxxxxxx indicating the action Xxxxxx Xxxxxxx is to take. Funds sufficient to take delivery pursuant to such Contract or deliverable grade commodities to make delivery pursuant to such Contract must be delivered to Xxxxxx Xxxxxxx at such time as Xxxxxx Xxxxxxx may require in connection with any delivery.

Delivery Procedures; Options Allocation Procedure. (i) Customer will provide Xxxxxx Xxxxxxx with instructions either to liquidate Contracts previously established by Customer, make or take delivery under any such Contracts, or exercise options entered into by Customer, within such time limits as may be reasonably specified by Xxxxxx XxxxxxxXxxxxxx or as required by Applicable Law. Xxxxxx Xxxxxxx shall have no responsibility to take any action on behalf of Customer or positions in the Account unless and until Xxxxxx Xxxxxxx receives oral or written instructions reasonably acceptable to Xxxxxx Xxxxxxx indicating the action Xxxxxx Xxxxxxx is to take. Funds sufficient to take delivery pursuant to such Contract or deliverable grade commodities to make delivery pursuant to such Contract must be delivered to Xxxxxx Xxxxxxx at such time as Xxxxxx Xxxxxxx may reasonably require in connection with any delivery.