Common use of ENTERING INTO TRANSACTIONS Clause in Contracts

ENTERING INTO TRANSACTIONS. 3.1 On any Business Day you may request Admiral to quote the rate at which you may enter into a Transaction. 3.2 Immediately upon receiving the quote, you may by the Trading Platform give Admiral your Order for Transaction equivalent to that for which the quote was sought. Receipt by Admiral of your instruction will constitute an offer by you to Admiral to enter into such a Transaction. 3.3 Admiral is under no obligation to accept your offer to enter into a Transaction , and without limitation, is not obliged to accept your offer to enter into a Transaction: (a) if you have exceeded or would exceed a limit applying to you as notified by Admiral; or (b) until Admiral has received the Initial Margin required in respect of that Transaction, in cleared funds. 3.4 The Initial Margin required in respect of a Transaction will be payable immediately when Admiral accepts your offer to enter into a Transaction. 3.5 Admiral may, in its absolute discretion, limit the value of Transactions you may have outstanding under these Terms: beyond which if you decide to enter into any further Transactions , you must seek and obtain credit approval from Admiral; and beyond which you may not enter into any further Transactions. 3.6 Admiral may vary this limit at any time by notice to you.

ENTERING INTO TRANSACTIONS. 3.1 On any Business Day you may request Admiral to quote the rate at which you may enter into a Transaction. 3.2 Immediately upon receiving the quote, you may by the Trading Platform give Admiral your Order for Transaction equivalent to that for which the quote was sought. Receipt by Admiral of your instruction will constitute an offer by you to Admiral to enter into such a Transaction. 3.3 Admiral is under no obligation to accept your offer to enter into a Transaction , and without limitation, is not obliged to accept your offer to enter into a Transaction: (a) if you have exceeded or would exceed a limit applying to you as notified by Admiral; or (b) until Admiral has received the Initial Margin required in respect of that Transaction, in cleared funds. 3.4 The Initial Margin required in respect of a Transaction will be payable immediately when Admiral accepts your offer to enter into a Transaction. 3.5 Admiral mayxxx, in its absolute discretion, limit the value of Transactions you may have outstanding under these Terms: beyond which if you decide to enter into any further Transactions , you must seek and obtain credit approval from Admiral; and beyond which you may not enter into any further Transactions. 3.6 Admiral may vary this limit at any time by notice to you.

ENTERING INTO TRANSACTIONS. 3.1 On any Business Day you may request Admiral to quote the rate at which you may enter into a Transaction. 3.2 Immediately upon receiving the quote, you may by the Trading Platform give Admiral your Order for Transaction equivalent to that for which the quote was sought. Receipt by Admiral of your instruction will constitute an offer by you to Admiral to enter into such a Transaction. 3.3 Admiral is under no obligation to accept your offer to enter into a Transaction , and without limitation, is not obliged to accept your offer to enter into a Transaction: (a) if you have exceeded or would exceed a limit applying to you as notified by Admiral; or (b) until Admiral has received the Initial Margin required in respect of that Transaction, in cleared funds. 3.4 The Initial Margin required in respect of a Transaction will be payable immediately when Admiral accepts your offer to enter into a Transaction. 3.5 Admiral mayxxx, in its absolute discretion, limit the value of Transactions you may have outstanding under these Terms: : (a) beyond which if you decide to enter into any further Transactions , you must seek and obtain credit approval from Admiral; and and (b) beyond which you may not enter into any further Transactions. 3.6 Admiral may vary this limit at any time by notice to you.