Common use of Force Majeure Events Clause in Contracts

Force Majeure Events. 1. We may, in our reasonable opinion, determine that an emergency or an exceptional market condition exists (a ‘Force Majeure Event’), in which case we will, in due course, take reasonable steps to inform you. A Force Majeure Event will include, but is not limited to, the following: a. any act, event or occurrence (including without limitation any strike, riot or civil commotion, act of terrorism, war, industrial action, acts and regulations of any governmental or supra national bodies or authorities) that, in our opinion, prevents us from maintaining an orderly market in one or more of the Instruments in respect of which we ordinarily deal in Transactions; b. the suspension or closure of any market or the abandonment or failure of any event on which we base, or to which we in any way relate, our quote, or the imposition of limits or special or unusual terms on the trading in any such market or on any such event; c. the occurrence of an excessive movement in the level of any Transaction and/or the Underlying Market or our anticipation (acting reasonably) of the occurrence of such a movement; d. any breakdown or failure of transmission, communication or computer facilities, interruption of power supply, or electronic or communications equipment failure; e. failure of any relevant supplier, intermediate broker, agent or principal of ours, custodian, sub-custodian, dealer, exchange, clearing house or regulatory or self-regulatory organisation, for any reason, to perform its obligations. 2. If we determine that a Force Majeure Event exists, we may, at our absolute discretion, without notice and at any time, take one or more of the following steps: a. increase your Margin requirements; b. increase spreads; c. reject new orders on all or certain pairs and cancel any limit or stop orders; d. close all or any of your open Transactions at such Closing Level as we reasonably believe to be appropriate; e. suspend or modify the application of all or any of the Terms of this Agreement to the extent that the Force Majeure Event makes it impossible or impracticable for us to comply with the Term or Terms in question; or f. alter the Last Dealing Time for a particular Transaction.

Force Majeure Events. 1. We may, in our reasonable opinion, determine that an emergency or an exceptional market condition exists (a ‘Force Majeure Event’), in which case we will, in due course, take reasonable steps to inform you. A Force Majeure Event will include, but is not limited to, the following: a. any act, event or occurrence (including without limitation any strike, riot or civil commotion, act of terrorism, war, industrial action, acts and regulations of any governmental or supra national bodies or authorities) that, in our opinion, prevents us from maintaining an orderly market in one or more of the Instruments in respect of which we ordinarily deal in Transactions; b. the suspension or closure of any market or the abandonment or failure of any event on which we base, or to which we in any way relate, our quote, or the imposition of limits or special or unusual terms on the trading in any such market or on any such event; c. the occurrence of an excessive movement in the level of any Transaction and/or the Underlying Market or our anticipation (acting reasonably) of the occurrence of such a movement; d. any breakdown or failure of transmission, communication or computer facilities, interruption of power supply, or electronic or communications equipment failure; e. failure of any relevant supplier, intermediate broker, agent or principal of ours, custodian, sub-custodian, dealer, exchange, clearing house or regulatory or self-regulatory organisationorganization, for any reason, to perform its obligations. 2. If we determine that a Force Majeure Event exists, we may, at our absolute discretion, without notice and at any time, take one or more of the following steps: a. increase your Margin requirements; b. increase spreads; c. reject new orders on all or certain pairs and cancel any limit or stop orders; d. close all or any of your open Transactions at such Closing Level as we reasonably believe to be appropriate; e. suspend or modify the application of all or any of the Terms of this Agreement to the extent that the Force Majeure Event makes it impossible or impracticable for us to comply with the Term or Terms in question; or f. alter the Last Dealing Time for a particular Transaction.

Force Majeure Events. 141.1. We may, in our reasonable opinion, determine that an emergency or an exceptional market condition exists (a ‘"Force Majeure Event’"), in which case we will, in due course, inform the Commission and take reasonable steps to inform you. A Force Majeure Event will include, but is not limited to, the following: a. a) any act, event or occurrence (including without limitation any strike, riot or civil commotion, act of terrorism, war, industrial action, acts and regulations of any governmental or supra national bodies or authorities) that, in our opinion, prevents us from maintaining an orderly market in one or more of the Instruments in respect of which we ordinarily deal in Transactions; b. b) the suspension or closure of any market or the abandonment or failure of any event on which we base, or to which we in any way relate, our quote, or the imposition of limits or special or unusual terms on the trading in any such market or on any such event; c. c) the occurrence of an excessive movement in the level of any Transaction and/or the Underlying Market or our anticipation (acting reasonably) of the occurrence of such a movement; d. d) any breakdown or failure of transmission, communication or computer facilities, interruption of power supply, or electronic or communications equipment failure; e. e) failure of any relevant supplier, intermediate broker, agent or principal of ours, custodian, sub-custodian, dealer, exchange, clearing house or regulatory or self-regulatory organisation, for any reason, to perform its obligations. 241.2. If we determine that a Force Majeure Event exists, we may, at our absolute discretion, without notice and at any time, take one or more of the following steps: a. a) increase your Margin requirements; b. increase spreads; c. reject new orders on all or certain pairs and cancel any limit or stop orders; d. b) close all or any of your open Transactions at such Closing Level as we reasonably believe to be appropriate; e. c) suspend or modify the application of all or any of the Terms clauses of this Agreement to the extent that the Force Majeure Event makes it impossible or impracticable for us to comply with the Term or Terms in question; or f. or d) alter the Last Dealing Time for a particular Transaction.

Force Majeure Events. (1. ) We may, in our reasonable opinion, determine that an emergency or an exceptional market condition exists (a ‘“Force Majeure Event’”), in which case we will, in due course, will take reasonable steps to inform you. A Force Majeure Event will include, but is not limited to, the following: a. (a) any act, event or occurrence (including without limitation any strike, riot or civil commotion, act of terrorism, war, industrial action, acts and regulations of any governmental or supra national bodies or authorities) that, in our opinion, prevents us from maintaining an orderly market in one or more of the Instruments in respect of which we ordinarily deal in TransactionsFX Contracts; b. (b) the suspension or closure of any market or the abandonment or failure of any event on which we base, or to which we in any way relate, our quote, or the imposition of limits or special or unusual terms on the trading in any such market or on any such event; c. (c) the occurrence of an excessive movement in the level of any Transaction and/or the Underlying Market global foreign currency markets that are related to our markets for any FX Contracts or our anticipation (acting reasonably) of the occurrence of such a movement; d. (d) any breakdown or failure of transmission, communication or computer facilities, interruption of power supply, or electronic or communications equipment failure;; or e. (e) failure of any relevant suppliervendor, intermediate broker, agent or principal of ours, custodian, sub-custodian, dealer, exchange, clearing house or regulatory or self-regulatory organisation, for any reason, to perform its obligations. (2. ) If we determine that a Force Majeure Event exists, we may, at our absolute discretion, without notice and at any time, take one or more of the following steps: a. (a) increase your Margin requirements; b. increase spreads; c. reject new orders on all or certain pairs and cancel any limit or stop orders; d. (b) close all or any of your open Transactions at such Closing Level as we reasonably believe to be appropriate; e. (c) suspend or modify the application of all or any of the Terms of this Agreement to the extent that the Force Majeure Event makes it impossible or impracticable for us to comply with the Term or Terms in question; or f. (d) alter the Last Dealing Time for a particular TransactionFX Contract.

Force Majeure Events. 140.1. We may, in our reasonable opinion, determine that an emergency or an exceptional market condition exists (a ‘"Force Majeure Event’"), in which case we will, in due course, inform the Commission and take reasonable steps to inform you. A Force Majeure Event will include, but is not limited to, the following: a. a) any act, event or occurrence (including without limitation any strike, riot or civil commotion, act of terrorism, war, industrial action, acts and regulations of any governmental or supra national bodies or authorities) that, in our opinion, prevents us from maintaining an orderly market in one or more of the Instruments in respect of which we ordinarily deal in Transactions; b. b) the suspension or closure of any market or the abandonment or failure of any event on which we base, or to which we in any way relate, our quote, or the imposition of limits or special or unusual terms on the trading in any such market or on any such event; c. c) the occurrence of an excessive movement in the level of any Transaction and/or the Underlying Market or our anticipation (acting reasonably) of the occurrence of such a movement; d. d) any breakdown or failure of transmission, communication or computer facilities, interruption of power supply, or electronic or communications equipment failure; e. e) failure of any relevant supplier, intermediate broker, agent or principal of ours, custodian, sub-custodian, dealer, exchange, clearing house or regulatory or self-regulatory organisation, for any reason, to perform its obligations. 240.2. If we determine that a Force Majeure Event exists, we may, at our absolute discretion, without notice and at any time, take one or more of the following steps: a. a) increase your Margin requirements; b. increase spreads; c. reject new orders on all or certain pairs and cancel any limit or stop orders; d. b) close all or any of your open Transactions at such Closing Level as we reasonably believe to be appropriate; e. c) suspend or modify the application of all or any of the Terms clauses of this Agreement to the extent that the Force Majeure Event makes it impossible or impracticable for us to comply with the Term or Terms in question; or f. or d) alter the Last Dealing Time for a particular Transaction.