Give-up Sample Clauses
A Give-up clause allows one party to transfer or "give up" its rights and obligations under a transaction to a third party, typically a clearing broker or another intermediary. In practice, this means that after a trade is executed, the original party can designate another entity to settle or clear the trade on its behalf, often used in financial markets like derivatives or securities trading. The core function of this clause is to facilitate efficient trade processing and settlement by enabling specialized parties to handle post-trade responsibilities, thereby reducing operational risk and streamlining market operations.
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Give-up. In respect of every Transaction made between us and given up to be cleared by another broker or dealer as specified by you:
(a) if such broker or dealer accepts the give-up, we shall (without prejudice to any claim we may have for commission or other payment) upon such acceptance cease to be a party to the Transaction and shall have no obligation to you for its performance;
(b) if such other broker or dealer declines to accept the give-up, we shall be entitled at our option either to confirm the Transaction with you or to liquidate it by such sale, purchase, disposal or other Transaction or cancellation as we may in our discretion determine, whether on the relevant Market or by private contract or any other feasible method (including taking it over ourselves or transferring it to an associate); and any balance resulting from such liquidation shall be promptly settled between us but without prejudicing our rights under this Agreement or otherwise.
Give-up the Property and the Contents in the same state of cleanliness, condition and decoration as it was at the commencement of the Tenancy (reasonable wear and tear excepted) and pay for the repair or replacement of those items damaged or lost during the Tenancy which were the Tenant's responsibility in this Agreement.
Give-up. If either party does not insist on strict performance of any provision of this Agreement, this shall not be construed as a submission to that or any other right under this Agreement at any later date or time.
Give-up. In respect of every Transaction made between us and you and given up to be cleared by another broker or dealer as specified by you:
Give-up. If Party B does not exercise or delay the rights under the execution of the contract, these actions should not be regarded as abandoning the rights of Party B, which also will not effect any obligation borne by Party A under the contract.
Give-up. Take-up & Transfers