Common use of Execution Limit Clause in Contracts

Execution Limit. 3.1 The Client covenants to observe the trading conditions imposed or to be imposed by the Broker on the Client from time to time, including without limitation credit limits imposed on the trading activities of the Client. In the event the trading limits imposed on the Client are breached at any time, the Client shall take all steps necessary to rectify the position and to ensure that it is within the allowed limits. In the event the Client fail to do so, the Broker shall, and is hereby authorised to take such steps as is necessary to ensure that the Client remain within the permitted trading limits, without liability to the Client in respect of any losses thereby sustained.

Appears in 4 contracts

Samples: Client Agreement, itradecimb.com.my, www.cgs-cimb.com.my

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