Common use of Right to Decline or Set Limits Clause in Contracts

Right to Decline or Set Limits. Nothing in this Agreement obligates XX Xxxxxx to enter into any Activity with you, including but not limited to Clearing Transactions, notwithstanding past practice or market custom. Rather, XX Xxxxxx may (i) decline to execute, clear or settle any Clearing Transaction and (ii) decline to enter into, execute, extend, renew or “roll over” any other Activity with you, including any Activity done on an “open” or “demand” basis. Such a declination, in and of itself, shall not operate as a termination of this Agreement. XX Xxxxxx may, at any time, place a limit (expressed in dollars, positions, or number of units) on the size of transactions that XX Xxxxxx will accept for execution, clearance and/or settlement.