Common use of Unclear Instructions Clause in Contracts

Unclear Instructions. 8.2.1 Where authorised instructions have been received by ABX pursuant to Clause 8.1.2, ABX undertakes to take reasonable steps to obtain clarification around any instruction which is not sufficiently clear. Notwithstanding the aforementioned, ABX may at its discretion act upon any instruction which it believes is a reasonably clear direction from PTM or PTM’s Authorised Trading Agent or in the alternate, ABX may at its discretion refuse to act upon any authorised instruction which it believes to be unclear and/or ambiguous until such time as PTM or PTM’s Authorised Trading Agent clarifies any uncertainty in said authorised instruction.

Appears in 2 contracts

Samples: Proprietary Trading Member Account Agreement, Proprietary Trading Member Account Agreement

AutoNDA by SimpleDocs

Unclear Instructions. 8.2.1 Where authorised instructions have been received by ABX pursuant to Clause 8.1.2, ABX undertakes to take reasonable steps to obtain clarification around any instruction which is not sufficiently clear. Notwithstanding the aforementioned, ABX may at its discretion act upon any instruction which it believes is a reasonably clear direction from PTM Full Member or PTMFull Member’s Authorised Trading Agent or in the alternate, ABX may at its discretion refuse to act upon any authorised instruction which it believes to be unclear and/or ambiguous until such time as PTM Full Member or PTMFull Member’s Authorised Trading Agent clarifies any uncertainty in said authorised instruction.

Appears in 2 contracts

Samples: Full Member Account Agreement, Full Member Account Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!