Examples of Order Amount in a sentence
The Clearing House may reduce the Standing Order Amount or terminate a Standing Order Request in its sole discretion Through submitting a Standing Order Request, an FCM Clearing Member warrants that the individual making the request on behalf of the FCM Clearing Member is appropriately authorized to do so.
Upon the effectiveness of such election, if, at the end of a Business Day, the amount of a given FCM Clearing Member’s Available FCM Buffer is less than the Standing Order Amount, the Clearing House will call the FCM Clearing Member for an amount of cash Collateral equal to the difference.
The Authority’s total liability to the Seller shall not exceed the Total Purchase Order Amount.
Standing Order Amount: To facilitate the registration of SwapClear Transactions, an FCM Clearing Member may elect to maintain a minimum level of Available FCM Buffer with the Clearing House at the start of a Business Day (such amount, the “Standing Order Amount”).
The Total Purchase Order Amount may include annual estimated orders, established solely for the convenience of the Authority.
The Total Purchase Order Amount shall not include any federal excise taxes or sales taxes imposed by any state or municipal government.
Should the actual Goods and/or Services be less than the Total Purchase Order Amount, the Authority shall not be obligated to utilize or pay for any unused balance.
In no event shall the Seller be entitled to invoice for or collect any amount in excess of the Total Purchase Order Amount.
The Seller waives any and all claims for additional compensation for which it did not receive the prior written approval of the Authority, it being expressly agreed the Seller shall not exceed the Total Purchase Order Amount without the prior written approval of the Authority.
Seller shall be responsible for all charges related to the Goods and Services in excess of the Total Purchase Order Amount, but shall nonetheless deliver the Goods to the Authority and perform the Services for the Authority.