LIQUIDATION OF OFFSETTING POSITIONS. UBS-S LLC shall liquidate any Contract for which an offsetting order is entered by Customer, unless Customer instructs UBS-S LLC not to liquidate such Contract and to maintain the offsetting Contracts as open positions; provided, that UBS-S LLC shall not be obligated to comply with any such instructions given by Customer if Customer fails to provide UBS-S LLC with any representations, documentation or information reasonably requested by UBS-S LLC or if, in UBS-S LLC's reasonable judgment, any failure to liquidate such offsetting Contracts against each other would result in a violation of Applicable Law.
Appears in 7 contracts
Samples: Customer Agreement (JWH GlobalAnalytics Fund, L.P.), Customer Agreement (Frontier Fund), Customer Agreement (UBS Managed Futures LLC (Aspect Series))
LIQUIDATION OF OFFSETTING POSITIONS. UBS-S LLC shall liquidate any Contract for which an offsetting order is entered by Customer, unless Customer instructs UBS-S LLC not to liquidate such Contract and to maintain the offsetting Contracts as open positions; provided, that UBS-S LLC shall not be obligated to comply with any such instructions given by Customer if Customer fails to provide UBS-S LLC with any representations, documentation or information reasonably requested by UBS-S LLC or if, in UBS-S LLC's ’s reasonable judgment, any failure to liquidate such offsetting Contracts against each other would result in a violation of Applicable Law.
Appears in 2 contracts
Samples: Customer Agreement (Beacon Financial Futures Fund LTD), Customer Agreement (WMT III Series G/J Trading Vehicle LLC)
