Common use of Order characteristics Clause in Contracts

Order characteristics. (a) An Implied Order is not valid and will not be displayed if it would otherwise result in an Implied Order that is inconsistent with the characteristics of any Order. For example, an Implied Order will be invalid if the application of clause 13.6.3 would result in a Quantity for an Implied Order that is less than the Quantity for an Order used to calculate the Implied Order and partial acceptance of that Order is not permitted. (b) Subject to clause 13.6.4(a), each Implied Order will be taken to have the same characteristics (such as partial acceptance) as the Orders used to calculate the Implied Order. If the order characteristics are inconsistent and cannot be reconciled (for example, by selecting the higher of two minimum values), then the Implied Order is not valid and will not be displayed.

Order characteristics. (a) An Implied Order is not valid and will not be displayed if it would otherwise result in an Implied Order that is inconsistent with the characteristics of any Order. For example, an Implied Order will be invalid if the application of clause 13.6.3 13.8.3 would result in a Quantity for an Implied Order that is less than the Quantity for an Order used to calculate the Implied Order and partial acceptance of that Order is not permitted. (b) Subject to clause 13.6.4(a13.8.4(a), each Implied Order will be taken to have the same characteristics (such as partial acceptance) as the Orders used to calculate the Implied Order. If the order characteristics are inconsistent and cannot be reconciled (for example, by selecting the higher of two minimum values), then the Implied Order is not valid and will not be displayed.

Order characteristics. (a) An Implied Order is not valid and will not be displayed if it would would otherwise result in an Implied Order that is inconsistent with the characteristics of any Order. For example, an Implied Order will be invalid if the application of clause 13.6.3 would result in a Quantity for an Implied Order that is less than the Quantity for an Order used to calculate the Implied Order and partial acceptance of that Order is not permitted. (b) Subject to clause 13.6.4(a), each Implied Order will be taken to have the same characteristics (such as partial acceptance) as the Orders used to calculate the Implied Order. If the order characteristics are inconsistent and cannot be reconciled (for example, by selecting the higher of two minimum values), then the Implied Order is not valid and will not be displayed.

Order characteristics. (a) An Implied Order is not valid and will not be displayed if it would otherwise result in an Implied Order that is inconsistent with the characteristics of any Order. For example, an Implied Order will be invalid if the application of clause 13.6.3 13.7.3 would result in a Quantity for an Implied Order that is less than the Quantity for an Order used to calculate the Implied Order and partial acceptance of that Order is not permitted. (b) Subject to clause 13.6.4(a13.7.4(a), each Implied Order will be taken to have the same characteristics (such as partial acceptance) as the Orders used to calculate the Implied Order. If the order characteristics are inconsistent and cannot be reconciled (for example, by selecting the higher of two minimum values), then the Implied Order is not valid and will not be displayed.