Open Orders. Schedule 4.18 set forth a true and complete list of all Open Orders at the Effective Date. All Open Orders are valid, binding and in full force and effect and neither the Company nor the other party thereto is in default thereunder. None of the Open Orders contains any provision providing for the termination of the Open Order or giving any party thereto the right to terminate the Open Order by reason of the sale of a majority of the Shares of the Company, and none of the terms of any Open Order are required to be altered by reason of the execution of this Agreement or the consummation of the transactions contemplated herein. The Seller has no obligation to make any payments to representatives or any other Person on or with respect to Open Orders.
Open Orders. All of the Seller's open orders for goods and services with customers of the Business and any additional such open orders entered into by the Seller in the Ordinary Course of Business (the "OPEN ORDERS"), together with related purchase orders, contracts, subcontracts and accounts receivable and credit support associated with such Open Orders.
Open Orders. 3.4.1. The parameters that are required to submit an order are: - Instrument name; - The size of the order (order volume); - Order Type.
3.4.2. In order to open an order through the Client's trading terminal without using an Expert Advisor, the Client must press the "Buy" or "Sell" button at the moment when the quotes provided by the Company are considered satisfactory.
3.4.3. In order to open an order in the Client's trading terminal when the Client uses the Expert Advisor, an order must be made to execute the trade according to the quotes provided by the Company.
3.4.4. Order opening process
a) When the Client opens a position for an order to reach the server, an automatic check of the trading account for the calculation of the margin level for opening an order position is carried out. If a suitable margin level is found, the order can be opened. If the margin level is judged to be insufficient, the order will not be opened, and a notification of the balance requirement will be generated on the server.
b) If it is found that the use of trading tools in "Market Execution" is found, it is possible that the quotes for opening orders may differ from those ordered by the Client.
c) The note regarding the order of opening orders contained in the log-file of the server states that the order from the Client has been processed, and the order has been opened. A ticker will be provided for each order opened via the trading terminal.
d) The request for opening a position order sent for processing by the server before the first quote appears in the trading terminal at the time of market opening will be rejected by the server. In this case an error will appear in the Client's trading terminal with the words "No qoutes/trading is forbidden". If it turns out that the Dealer made a mistake by processing the order opened by the Client at the time of market closing on the previous day, the Company has the right to cancel the order. In that case, the Company is obliged to provide information regarding order cancellation to the relevant Client
Open Orders. The Clearing Agent shall have the power to place open orders as instructed by the Introducing Firm as of the effective date of this Agreement, and appropriate adjustments shall be made by the Clearing Agent to reflect that the Clearing Agent has acted as broker on the open orders with specialists on any securities exchange.
Open Orders. Schedule 4.18 sets forth a list of all Open Orders as of the Closing Date. All Open Orders as of the Closing Date are valid, binding and in full force and effect and neither Seller nor the other party thereto is in default thereunder. None of the Open Orders as of the Closing Date contains any provision giving any party thereto the right to terminate the Open Order by reason of the execution of this Agreement or the consummation of the transactions contemplated herein, and none of the terms of any Open Order will be altered by reason of the execution of this Agreement or the consummation of the transactions contemplated herein.
Open Orders. On the Closing Date, Buyer shall assume and agree to perform Seller's obligations with respect to the Open Orders.
Open Orders. Except as set forth in Schedule 3.21, all Open Orders are valid, binding and in full force and effect and neither Seller nor, to the Knowledge of Seller, the other party thereto is in default thereunder.
Open Orders. All Open Orders are valid, binding and in full force and effect and neither the Company nor, to the Knowledge of the Company and the Stockholders, the other party thereto is in default thereunder. Schedule 3.9 is a true and complete list of all Open Orders showing contract/purchase order numbers, names of corresponding customers and the respective amount of each order as of June 30, 1997. None of the Open Orders contains any provision giving any Person the right to terminate such Open Order by reason of the execution of this Agreement or the consummation of the transactions contemplated hereby, and none of the terms of any Open Order will be adversely affected in any material respect by reason of the execution of this Agreement or the consummation of the transactions contemplated hereby. The Company has no obligation to make any payments to representatives or any other Person on or with respect to Open Orders.
Open Orders. All Open Orders are valid, binding and in full force and effect, and neither the Company nor, to the Knowledge of Company, the other party thereto is in default thereunder. Except as set forth on Schedule 4.03(s), none of the Open Orders contains any provision providing for the termination of the Open Order or giving any party thereto the right to terminate the Open Order by reason of the execution of this Agreement or the consummation of the Transactions, and none of the terms of any Open Order will be altered by reason of the execution of this Agreement or the consummation of the Transactions. The Company has no obligation to make any payments to representatives of any other Person on or with respect to Open Orders.
Open Orders. Any Insider who has placed a limit order or open instruction to buy or sell Oramed securities shall bear responsibility for canceling such instructions immediately in the event restrictions are imposed on their ability to trade in accordance with the paragraph above captioned “Ad hoc Restrictions”.
