Limited Right to Rescind Sample Clauses

Limited Right to Rescind. 20.1. Customer initiating a transaction with Trading for the first time has a limited right to rescind this Agreement and his first transaction. Customer may rescind such transaction during a period of three (3) business days (Saturdays count as a business day) after receiving written confirmation that the customer made the purchase or sale. If Customer chooses to rescind his transaction, Customer shall be assessed any actual price losses accruing from the time at which Customer entered into his purchase or sale to the time that the transaction is rescinded. In the event of a rescission Customer will not be assessed any charges or fees, such as commissions or gradational fees, but will be responsible for the trading spread or credit finance charges accrued and actual price losses, if any. Actual price losses accruing to the position are calculated by subtracting the Trading ask price of the commodity at the time the transaction was rescinded from the Trading ask price at which the commodity was purchased or, in the case of a commodity sale, by subtracting the Trading bid price from the Trading bid price at which the commodity was sold. Customer shall not be entitled to any gains accruing on a rescinded transaction. Customer may rescind his transaction by sending (suggested by overnight mail, with electronic tracking) a written notice of rescission to or by a telephone call to Trading’s Compliance Department 0-000-000-0000. After telephone rescission, the rescinding Customer must send written affirmation of his rescission by overnight mail, with electronic tracking to Centurian Trading LLC., 49QC+H9X, Main St. Charlestown, St. Kitts & Nevis within 24 hours and been completed in Xxxxxx Town, Nevis, the contract will be deemed to be executed and initial payment monies and subbsequent monies paid by Customer will be delivered to and paid in 49QC+H9X, Main St. Charlestown, St. Kitts & Xxxxxxxx written confirmation of each transaction will be deemed provided from H49QC+H9X, Main St. Charlestown, St. Xxxxx & Xxxxx, notwithstanding from whence said statements were actually sent. Customer and Trading agree that 49QC+H9X, Main St. Charlestown, St. Xxxxx & Nevis is a mutually and reasonably convenient place for any hearing concerning disputes relating to this Agreement. Photocopies, facsimile, scanned copies of this agreement and electronic confirmations shall be afforded the same status as a signed original of this agreement.
Sample 1
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Limited Right to Rescind. Notwithstanding anything to the ------------------------ contrary herein, the effective date (the "Effective Date") of this Agreement shall be the earliest date by which all of the following have occurred: (i) the Sublease has been executed by Buyer and Seller, and (ii) the Master Landlord (as defined therein) has consented to the Sublease. This Agreement shall be conditioned upon, and shall be of no force or effect until, the occurrence of the Effective Date. If the Effective Date does not occur, for any reason whatsoever, on or before November 30, 1997, each party shall have the right to rescind this Agreement by giving written notice to the other party after November 30, 1997 but prior to the Effective Date, in which event this Agreement shall be null and void and of no legal force or effect whatsoever.
Sample 1

Related to Limited Right to Rescind

  • Right to Revoke Employee may revoke this Agreement by notice to Company, in writing, received within seven (7) days of the date of its execution by Employee (the “Revocation Period”). Employee agrees that Employee will not receive the benefits provided by this Agreement if Employee revokes this Agreement. Employee also acknowledges and agrees that if Company has not received from Employee notice of Employee’s revocation of this Agreement prior to the expiration of the Revocation Period, Employee will have forever waived Employee’s right to revoke this Agreement, and this Agreement shall thereafter be enforceable and have full force and effect.

  • Right to Review After receiving written notice of the denial of a claim, a claimant or his representative shall be entitled to:

  • Right to Redeem The Board of Directors of the Company may, at its option, at any time prior to a Trigger Event, redeem all but not less than all of the then outstanding Rights at a redemption price of $.01 per Right, appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), and the Company may, at its option, pay the Redemption Price in Common Shares (based on the "current per share market price," determined pursuant to Section 11.4, of the Common Shares at the time of redemption), cash or any other form of consideration deemed appropriate by the Board of Directors. The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and subject to such conditions as the Board of Directors in its sole discretion may establish.

  • Reservation of Right to Revise Structure Buyer may at any time change the method of effecting the business combination contemplated by this Agreement if and to the extent that it deems such a change to be desirable; provided, however, that no such change shall (a) alter or change the amount of the consideration to be issued to holders of Company Common Stock as merger consideration as currently contemplated in this Agreement, (b) reasonably be expected to materially impede or delay consummation of the Merger, (c) adversely affect the federal income tax treatment of holders of Company Common Stock in connection with the Merger, or (d) require submission to or approval of the Company’s shareholders after the plan of merger set forth in this Agreement has been approved by the Company’s shareholders. In the event that Buyer elects to make such a change, the parties agree to execute appropriate documents to reflect the change.

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