Delivery Procedures; Options Allocation Procedure. (i) Customer shall provide Xxxxxx Xxxxxxx with instructions to liquidate Contracts previously established by Customer, to make or take delivery under any such Contracts; to exercise options entered into by Customer, or, with respect to Contracts that are cleared credit default swaps, to exercise rights relating to credit events in respect of such Contracts in the relevant trade information systems of the relevant clearing house or clearing organization, in each case, within such time limits as may be reasonably 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. Funds sufficient to take delivery pursuant to any such Contract or deliverable grade commodities eligible under Applicable Law for the purpose of effecting delivery pursuant to such Contract must be delivered to Xxxxxx Xxxxxxx at such time and in accordance with such procedures as Xxxxxx Xxxxxxx may reasonably require in connection with any such delivery.
Appears in 4 contracts
Samples: Commodity Futures Customer Agreement, Commodity Futures Customer Agreement (Powershares Db Us Dollar Index Bearish Fund), Commodity Futures Customer Agreement (PowerShares DB Commodity Index Tracking Fund)
