Common use of When Orders Clause in Contracts

When Orders. match (a) the Bid and Offer are for the same Product and for the same Delivery Period; (b) the Trading Participant who submitted the Bid is not the same person as the Trading Participant who submitted the Offer; (c) where partial acceptance of the Bid is permitted, the Order Quantity of the Offer is equal to or less than the Order Quantity of the Bid and greater than or equal to the Minimum Transaction Quantity for that Bid; (d) where partial acceptance of the Offer is permitted, the Order Quantity of the Bid is equal to or less than the Order Quantity of the Offer and greater than or equal to the Minimum Transaction Quantity for that Offer; (e) where partial acceptance is not permitted for either Order, the Order Quantity for both Orders is the same; (f) the Price of the Bid is equal to or greater than the Price of the Offer (except in the case of a Spread Product); (g) in the case of a Spread Product, the Spread Product Price of the Bid is equal to or greater than the Spread Product Price of the Offer; and (h) both the Bid and Offer are submitted by Trading Participants that are not subject to restricted trading between themselves in accordance with clause 6.6 at the time of submitting the Bid and Offer.

When Orders. match (a) the Bid and Offer are for the same Product and for the same Delivery Period; (b) the Trading Participant who submitted the Bid is not the same person as the Trading Participant who submitted the Offer; (c) where partial acceptance of the Bid is permitted, the Order Quantity of the Offer is equal to or less than the Order Quantity of the Bid and greater than or equal to the Minimum Transaction Quantity for that Bid; (d) where partial acceptance of the Offer is permitted, the Order Quantity of the Bid is equal to or less than the Order Quantity of the Offer and greater than or equal to the Minimum Transaction Quantity for that Offer; (e) where partial acceptance is not permitted for either Order, the Order Quantity for both Orders is the same; (f) the Price of the Bid is equal to or greater than the Price of the Offer (except in the case of a Spread Product);; and (g) in the case of a Spread Product, the Spread Product Price of the Bid is equal to or greater than the Spread Product Price of the Offer; and (h) both the Bid and Offer are submitted by Trading Participants that are not subject to restricted trading between themselves in accordance with clause 6.6 at the time of submitting the Bid and Offer.