Sale Delivery. (a) You undertake that you would not give short selling instructions, i.e. selling Securities you do not own. (b) When we put up Securities for sale on at your Instructions, if, due to your failure to deliver such Securities to us on time, we are not able to deliver such Securities on completion, then you agree to authorize us to borrow, purchase or otherwise acquire such Securities for completion at your own costs, subject to the provision of any applicable laws, rules or regulations. (c) You shall bear all costs, charges, losses, damages or other liability we may sustain or incur resulting from the circumstances described above in Clause 13(1)(b), including but not limited to any premium, costs or charges incurred by us for arranging any such borrowing. The above shall be immediately payable and you hereby indemnify us for all the above losses and liability.
Appears in 4 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
