Common use of Mode of Instructions Clause in Contracts

Mode of Instructions. You or an Authorized Person or any other duly authorized third party or any other person purporting to be you or an Authorized Person shall from time to time give Instructions, either electronically, verbally, by telephone or facsimile transmission or in writing, or in such manner or pursuant to the arrangements as may be from time to time mutually agreed between the parties and accepted by us. Notwithstanding any other provision in the Customer Agreement, we may refuse to accept any Instruction upon such grounds as we deem fit. Any Transaction effected pursuant to an Instruction given to us may be considered concluded only if we have confirmed (whether orally or in writing) the same to you. On receipt of such acceptable Instructions, we shall, so far as we consider it reasonably practicable, enter into Transactions and / or otherwise deal with Securities, Futures Contracts, Options Contracts and / or Foreign Exchange Contracts in accordance with those Instructions, provided always that we may at our absolute discretion (such discretion not to be exercised in an unreasonable manner) accept or reject any Instructions without having to give any reason therefor. If we consider necessary, we may require you to quote the ID and the Password applicable to your relevant Account(s) and if you fail to do so, we may refuse to accept your Instructions.

Appears in 4 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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