The customers’ buying and selling instructions to the Bank Sample Clauses

The customers’ buying and selling instructions to the Bank. 2.6.1 The customers acknowledge that the amount of “the consideration” noted in their instructions is merely an estimate, and is not such as to bind the Bank. The customers especially confirm that if their instructions are given without a price limit, the consideration for the transactions executed on their instructions might be totally different to the amount noted as the estimated monetary consideration, and that they might be occasioned monetary losses and damages by reason thereof. 2.6.2 The customers acknowledge that where they give the Bank a selling instruction, the Bank shall not be under any duty to examine the contents of the deposit. Accordingly, if it transpires that the deposit does not contain the securities detailed in the selling instruction, or the quantity detailed in the selling instruction (hereinafter referred to as “the short securities”), the Bank may, without prejudice to its right to act in any other manner, repurchase the short securities, at such time as the Bank deems fit in its exclusive discretion, and debit the Account with the consideration plus commission and expenses. 2.6.3 The customers undertake to arrange for adequate cover in the Account for the purpose of implementing their instructions. The customers agree that if the implementation of any instruction, in whole or in part, results in the creation of or an increase in a debit balance in the Account, or in the debit balance deviating from the approved Credit Line, if any, the Bank may (but is not obliged), at any time, also after receiving the instruction, act in one or more of the following ways, without having to give notice; (1) To decline to implement the instruction, in whole or in part; (2) In the case of a standing order to purchase a security — to suspend it without giving notice; (3) To sell the securities purchased or allotted to them pursuant to such instruction, or all or any of their other securities at the Bank, at any time and at any price the Bank deems fit, and use the consideration (less the Bank’s commission and any tax, levy or compulsory payment applicable to a sale as aforesaid, if any) for the full or partial discharge of the said debit balance; all without derogating from the Bank’s right to take other steps for the collection of the said debit balance. 2.6.4 A purchase or sale effected by the Bank in deviation from the customers’ instructions shall not entitle or bind the customers, but shall be deemed to entitle or bind the Bank. The customers...