Implied Orders Sample Clauses

Implied Orders. 13.8.1. Overview (a) Implied Orders are only calculated and displayed in respect of Spread Products and their Related Products. (b) If Orders for any two Related Products for the same Delivery Period are displayed on the Exchange on a trading day, an Implied Order for the remaining Related Product for the same Delivery Period is automatically calculated and displayed. (c) Each Implied Order is displayed in the form of a Bid or Offer to facilitate trading. (d) Each Implied Order provides the following information: (i) the category of the remaining Related Product; (ii) the form of Order (Bid or Offer) required to be submitted for Transactions to be formed in the Related Products. For this purpose: (A) an Implied Order in the form of a Bid indicates that a corresponding Offer for the remaining Related Product should be submitted; and (B) an Implied Order in the form of an Offer indicates that a corresponding Bid for the remaining Related Product should be submitted; and (iii) the Price at which a corresponding Order for the remaining Related Product would result in Transactions being formed using the two other Related Products. (e) If a corresponding Order for the remaining Related Product is made and is matched and accepted, Transactions for Physical Gas are formed as set out in clause 13.7.6. (f) If an Implied Order ceases to reflect current Orders in the Exchange (for example, if the Orders used to calculate the Implied Orders are matched, modified or withdrawn), the Implied Orders will be amended or cease to be displayed as soon as practicable. (g) (g) No Implied Order will be calculated and displayed, and the Operator may cancel any Implied Order where the Implied Order would otherwise be inconsistent with the characteristics of any Order and in the other circumstances provided for in this clause 13.7.
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Implied Orders 
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Related to Implied Orders

  • No Implied Contract It is hereby understood and agreed between the parties hereto that no implied Contract of any kind whatsoever, by, or on behalf, of the Minister shall arise or be implied from anything contained in this Contract, or from any position or situation of the parties at any time, and that this Contract made by the Minister is, and shall be, the only Contract upon which any rights against the Minister are to be founded.

  • Manufacturer’s Warranty The Goods include the manufacturer’s standard limited parts warranty to replace defective parts covered under such warranty exclusive of labor. Labor is warranted by the Elevator Contractor for 90 days following installation. The manufacturer’s parts warranty may require that the Goods be maintained throughout the warranty period by an authorized manufacturer’s representative under a separate maintenance contract. Any warranty is conditioned on written notice to the Elevator Contractor within warranty period and contingent upon receipt of final payment to Elevator Contractor.

  • Implied Warranties DAS does not disclaim, exclude or modify the implied warranty of fitness for a particular purpose or the warranty of merchantability.

  • Customer Warranty Customer’s and its End Users’ use of the Services must always comply with all applicable Laws and this Agreement.

  • Manufacturer’s Warranties If a Lease Vehicle is covered by a Manufacturer’s warranty, the Lessee, during the Vehicle Term for such Lease Vehicle, shall have the right to make any claims under such warranty that the Lessor could make.

  • No Implied Warranties To the extent permitted by law, these warranties are exclusive and there are no other express or implied warranties or conditions, including warranties or conditions of merchantability and fitness for a particular purpose.

  • Product Warranty Seller provides general warranties of fitness and general warranties that the goods are free from defects, for 1 year from acceptance of the goods, except as may otherwise be set forth in the Description/Proposal, or other attached warranty.

  • Manufacturer Warranties Prior to the transfer to the Interconnected Transmission Owner of title to the Transmission Owner Interconnection Facilities built by the Interconnection Customer, the Interconnection Customer shall produce documentation satisfactory to the Interconnected Transmission Owner evidencing the transfer to the Interconnected Transmission Owner of all manufacturer warranties for equipment and/or materials purchased by the Interconnection Customer for use and/or installation as part of the Transmission Owner Interconnection Facilities built by the Interconnection Customer.

  • Product Warranties Except as set forth in Schedule 3.15, (a) there are no warranties express or implied, written or oral, with respect to the Business and (b) there are no pending or threatened claims with respect to any such warranty, and Seller has no liability with respect to any such warranty, whether known or unknown, absolute, accrued, contingent or otherwise and whether due or to become due.

  • Product Warranty and Product Liability Set forth in Schedule 3.14 of the Disclosure Schedule is a true, correct and complete copy of the Company's standard warranty or warranties for sales of its products.

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