Common use of Effect of suspension on open Orders Clause in Contracts

Effect of suspension on open Orders. (a) The terms ‘open’ and ‘withdrawn’ in relation to Orders are defined in clause 12.1. (b) If the Operator suspends operation of the Trading System under clause 11.2(a), then any open Orders in the Trading System at the time of the suspension will be automatically withdrawn. (c) When the suspension is lifted, Trading Participants will be able to submit new Orders, re- activate withdrawn Orders or modify or cancel open Orders during the Pre-opening Period, but the Trading System will not match any Orders until the pre-opening matching run referred to in clause 12.7(b).

Appears in 6 contracts

Samples: Gas Supply Hub Exchange Agreement, Gas Supply Hub Exchange Agreement, Gas Supply Hub Exchange Agreement

AutoNDA by SimpleDocs

Effect of suspension on open Orders. (a) The terms ‘open’ and ‘withdrawn’ in relation to Orders are defined in clause 12.1. (b) If the Operator suspends operation of the Trading System under clause 11.2(a), then any open Orders in the Trading System at the time of the suspension will be automatically withdrawn. (c) When the suspension is lifted, Trading Participants will be able to submit new Orders, re- re-activate withdrawn Orders or modify or cancel open Orders during the Pre-opening Period, but the Trading System will not match any Orders until the pre-opening matching run referred to in clause 12.7(b).

Appears in 4 contracts

Samples: Gas Supply Hub Exchange Agreement, Gas Supply Hub Exchange Agreement, Gas Supply Hub Exchange Agreement

AutoNDA by SimpleDocs

Effect of suspension on open Orders. (a) The terms ‘open’ and ‘withdrawn’ in relation to Orders are defined in clause 12.1. (b) . If the Operator suspends operation of the Trading System under clause 11.2(a), then any open Orders in the Trading System at the time of the suspension will be automatically withdrawn. (c) . When the suspension is lifted, Trading Participants will be able to submit new Orders, re- re-activate withdrawn Orders or modify or cancel open Orders during the Pre-opening Period, but the Trading System will not match any Orders until the pre-opening matching run referred to in clause 12.7(b).

Appears in 2 contracts

Samples: Supply Hub Exchange Agreement, Gas Supply Hub Exchange Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!