Common use of Responsibility to Accept or Reject Trades Clause in Contracts

Responsibility to Accept or Reject Trades. Pershing shall execute transactions in customers’ accounts and release or deposit money or securities to or for accounts only upon Broker’s instructions. Pershing reserves the right to accept written or oral transaction orders from Broker’s customers in circumstances where it determines that either (i) the customers are unable to execute those transactions through Broker or (ii) Pershing is required to do so by applicable or relevant law. Notwithstanding any instructions to the contrary, Pershing may, after notifying Broker orally or in writing: (i) refuse to confirm a transaction or cancel a confirmation; (ii) reject a delivery or receipt of securities or money; (iii) refuse to clear a trade executed by Broker; or (iv) refuse to execute a trade for the account of a customer or Broker.

Responsibility to Accept or Reject Trades. Pershing shall execute transactions in customers’ ' accounts and release or deposit money or securities to or for accounts only upon Broker’s 's instructions. Pershing reserves the right to accept written or oral transaction orders from Broker’s 's customers in circumstances where it determines that either (i) the customers are unable to execute those transactions through Broker or (ii) Pershing is required to do so by applicable or relevant lawBroker. Notwithstanding any instructions to the contrary, Pershing may, after notifying Broker orally or in writing: giving reasonable notice, (i) refuse to confirm a transaction or cancel a confirmation; , (ii) reject a delivery or receipt of securities or money; , (iii) refuse to clear a trade executed by Broker; , or (iv) refuse to execute a trade for the account of a customer or Broker.

Responsibility to Accept or Reject Trades. Pershing shall execute transactions in customers’ ' accounts and release or deposit money or securities to or for accounts only upon Broker’s 's instructions. Pershing reserves xxxxxxes the right to accept written or oral transaction orders from Broker’s 's customers in circumstances where it determines that either (i) the customers are unable to execute those transactions through Broker or (ii) or Pershing is required to do so by applicable or relevant law. Notwithstanding any instructions to the contrary, Pershing may, after notifying Broker orally or in writing: ; (i) refuse to confirm a transaction or cancel a confirmation; , (ii) reject a delivery or receipt of securities or money; (iii) refuse to clear a trade executed by Broker; or (iv) refuse to execute a trade executx x xxade for the account of a customer or Broker.

Responsibility to Accept or Reject Trades. Pershing shall execute ----------------------------------------- transactions in customers’ ' accounts and release or deposit money or securities to or for accounts only upon Broker’s 's instructions. Pershing reserves the right to accept written or oral transaction orders from Broker’s 's customers in circumstances where it determines that either (i) the customers are unable to execute those transactions through Broker or (ii) or Pershing is required to do so by applicable or relevant law. Notwithstanding any instructions to the contrary, Pershing may, after notifying Broker orally or in writing: ; (i) refuse to confirm a transaction or cancel a confirmation; , (ii) reject a delivery or receipt of securities or money; (iii) refuse to clear a trade executed by Broker; or (iv) refuse to execute a trade for the account of a customer or Broker.

Responsibility to Accept or Reject Trades. Pershing shall execute transactions in customers’ accounts and release or deposit money or securities to or for accounts only upon Broker’s instructions. Pershing reserves the right to accept written or oral transaction orders from Broker’s customers in circumstances where it determines that either (i) the customers are unable to execute those transactions through Broker or (ii) or Pershing is required to do so by applicable or relevant law. Notwithstanding any instructions to the contrary, Pershing may, after notifying Broker orally or in writing: ; (i) refuse to confirm a transaction or cancel a confirmation; , (ii) reject a delivery or receipt of securities or money; (iii) refuse to clear a trade executed by Broker; or (iv) refuse to execute a trade for the account of a customer or Broker.

Responsibility to Accept or Reject Trades. Pershing shall execute transactions in customers’ ' accounts and release or deposit money or securities to or for accounts only upon Broker’s 's instructions. Pershing reserves the right to accept written or oral transaction orders from Broker’s 's customers in circumstances where it determines that either (i) the customers are unable to execute those transactions through Broker or (ii) or Pershing is required to do so by applicable or relevant law. Notwithstanding any instructions to the contrary, Pershing may, after notifying Broker orally or in writing: ; (i) refuse to confirm a transaction or cancel a confirmation; , (ii) reject a delivery or receipt of securities or money; (iii) refuse to clear a trade executed by Broker; or (iv) refuse to execute a trade for the account of a customer or Broker.