Common use of ACTIONS WE MAY TAKE Clause in Contracts

ACTIONS WE MAY TAKE. 24.3.1 If we determine that a Force Majeure Event exists then we may (without prejudice to any other rights under this Client Agreement and at our sole discretion) take any one or more of the following steps: (a) alter normal trading times; (b) the Margin Percentage, Margin Call Level and/or Stop Out Level; (c) amend or vary this Client Agreement and any transaction contemplated by this Client Agreement, including any Contract, insofar as it is impractical or impossible for us to comply with our obligations to you; (d) any or all open Positions, cancel instructions and orders as we deem to be appropriate in the circumstances; or (e) take or omit to take all such other actions as we deem to be appropriate in the circumstances having regard to the Positions of us, you and other customers. 24.3.2 In some circumstances, we may be unable, after using all reasonable efforts, to acquire, substitute, maintain, unwind or dispose of any Underlying Instrument we consider necessary to hedge or protect our exposure to market and other risks arising from an open Position. In such circumstances, we may close that open Position at the Contract Price. 24.3.3 To the extent practicable, we will take reasonable steps to notify you of any action that we propose to take under clause 24.3 before we take such action. If it is not practicable to give you prior notice, we will notify you at the time promptly after taking any such action.

Appears in 3 contracts

Sources: Client Agreement, Client Agreement, Client Agreement

ACTIONS WE MAY TAKE. 24.3.1 If we determine that a Force Majeure Event exists then we may (without prejudice to any other rights under this Client the Agreement and at our sole discretion) take any takeany one or more of the following steps: (a) alter normal trading times; (b) the Margin Percentage, Margin Call Level and/or Stop Out Level; (c) amend or vary this Client the Agreement and any transaction contemplated by this Client the Agreement, including any Contract, insofar as insofaras it is impractical or impossible for us to comply with our obligations to you; (d) any or all open Positions, cancel instructions and orders as we deem to be appropriate in the circumstances; or (e) take or omit to take all such other actions as we deem to be appropriate in the circumstances having regard to the Positions of us, you and other customers. 24.3.2 In some circumstances, we may be unable, after using all reasonable efforts, to acquire, substitute, maintain, unwind or dispose of any Underlying Instrument we consider necessary to hedge or protect our exposure to market and other risks arising from an open Position. In such circumstances, we may close that open Position at the Contract Price. 24.3.3 To the extent practicable, we will take reasonable steps to notify you of any action that we propose to take under clause 24.3 before we take such action. If it is not practicable to give you prior notice, we will notify you at the time promptly after taking any such action.

Appears in 3 contracts

Sources: Client Agreement, Client Agreement, Client Agreement

ACTIONS WE MAY TAKE. 24.3.1 If we determine that a Force Majeure Event exists then we may (without prejudice to any other rights under this Client Agreement and at our sole discretion) take any one or more of the following steps: (a) alter normal trading times; (b) the Margin Percentage, Margin Call Level and/or Stop Out Level; (c) amend or vary this Client Agreement and any transaction contemplated by this Client Agreement, including any Contract, insofar as it is impractical or impossible for us to comply with our obligations to you; (d) any or all open Positions, cancel instructions and orders as we deem to be appropriate in the circumstances; oror‌ (e) take or omit to take all such other actions as we deem to be appropriate in the circumstances having regard to the Positions of us, you and other customers. 24.3.2 In some circumstances, we may be unable, after using all reasonable efforts, to acquire, substitute, maintain, unwind or dispose of any Underlying Instrument we consider necessary to hedge or protect our exposure to market and other risks arising from an open Position. In such circumstances, we may close that open Position at the Contract Price. 24.3.3 To the extent practicable, we will take reasonable steps to notify you of any action that we propose to take under clause 24.3 before we take such action. If it is not practicable to give you prior notice, we will notify you at the time promptly after taking any such action.

Appears in 2 contracts

Sources: Client Agreement, Client Agreement

ACTIONS WE MAY TAKE. 24.3.1 If we determine that a Force Majeure Event exists then we may (without prejudice to any other rights under this Client Agreement and at our sole discretion) take any one or more of the following steps: (a) alter normal trading times; (b) the Margin Percentage, Margin Call Level and/or Stop Out Level;Level;‌ (c) amend or vary this Client Agreement and any transaction contemplated by this Client Agreement, including any Contract, insofar as it is impractical or impossible for us to comply with our obligations to you; (d) any or all open Positions, cancel instructions and orders as we deem to be appropriate in the circumstances; or (e) take or omit to take all such other actions as we deem to be appropriate in the circumstances having regard to the Positions of us, you and other customers. 24.3.2 In some circumstances, we may be unable, after using all reasonable efforts, to acquire, substitute, maintain, unwind or dispose of any Underlying Instrument we consider necessary to hedge or protect our exposure to market and other risks arising from an open Position. In such circumstances, we may close that open Position at the Contract Price. 24.3.3 To the extent practicable, we will take reasonable steps to notify you of any action that we propose to take under clause 24.3 before we take such action. If it is not practicable to give you prior notice, we will notify you at the time promptly after taking any such action.action.‌

Appears in 1 contract

Sources: Client Agreement

ACTIONS WE MAY TAKE. 24.3.1 If we determine that a Force Majeure Event exists then we may (without prejudice to any other rights under this Client Agreement Terms and Conditions and at our sole discretion) take any one or more of the following steps: (a) alter normal trading times; (b) the Margin Percentage, Margin Call Level and/or Stop Out Level; (c) amend or vary this Client Agreement Terms and Conditions and any transaction contemplated by this Client AgreementTerms and Conditions, including any Contract, insofar as it is impractical or impossible for us to comply with our obligations to you; (d) any or all open Positions, cancel instructions and orders as we deem to be appropriate in the circumstances; or (e) take or omit to take all such other actions as we deem to be appropriate in the circumstances having regard to the Positions of us, you and other customers. 24.3.2 In some circumstances, we may be unable, after using all reasonable efforts, to acquire, substitute, maintain, unwind or dispose of any Underlying Instrument we consider necessary to hedge or protect our exposure to market and other risks arising from an open Position. In such circumstances, we may close that open Position at the Contract Price. 24.3.3 To the extent practicable, we will take reasonable steps to notify you of any action that we propose to take under clause 24.3 before we take such action. If it is not practicable to give you prior notice, we will notify you at the time promptly after taking any such action.

Appears in 1 contract

Sources: Terms and Conditions

ACTIONS WE MAY TAKE. 24.3.1 If we determine that a Force Majeure Event exists then we may (without prejudice to any other rights under this Client Agreement and at our sole discretion) take any one or more of the following steps: (a) alter normal trading times; (b) the Margin Percentage, Margin Call Level and/or Stop Out Level;Level;‌ (c) amend or vary this Client Agreement and any transaction contemplated by this Client Agreement, including any Contract, insofar as it is impractical or impossible for us to comply with our obligations to you; (d) any or all open Positions, cancel instructions and orders as we deem to be appropriate in the circumstances; or (e) take or omit to take all such other actions as we deem to be appropriate in the circumstances having regard to the Positions of us, you and other customers. 24.3.2 In some circumstances, we may be unable, after using all reasonable efforts, to acquire, substitute, maintain, unwind or dispose of any Underlying Instrument we consider necessary to hedge or protect our exposure to market and other risks arising from an open Position. In such circumstances, we may close that open Position at the Contract Price. 24.3.3 To the extent practicable, we will take reasonable steps to notify you of any action that we propose to take under clause 24.3 before we take such action. If it is not practicable to give you prior notice, we will notify you at the time promptly after taking any such action.action.‌

Appears in 1 contract

Sources: Client Agreement

ACTIONS WE MAY TAKE. 24.3.1 If we determine that a Force Majeure Event exists then we may (without prejudice to any other rights under this Client Agreement and at our sole discretion) take any one or more of the following steps:steps:‌ (a) alter normal trading times; (b) the Margin Percentage, Margin Call Level and/or Stop Out Level;Level;‌ (c) amend or vary this Client Agreement and any transaction contemplated by this Client Agreement, including any Contract, insofar as it is impractical or impossible for us to comply with our obligations to you; (d) any or all open Positions, cancel instructions and orders as we deem to be appropriate in the circumstances; or (e) take or omit to take all such other actions as we deem to be appropriate in the circumstances having regard to the Positions of us, you and other customers. 24.3.2 In some circumstances, we may be unable, after using all reasonable efforts, to acquire, substitute, maintain, unwind or dispose of any Underlying Instrument we consider necessary to hedge or protect our exposure to market and other risks arising from an open Position. In such circumstances, we may close that open Position at the Contract Price. 24.3.3 To the extent practicable, we will take reasonable steps to notify you of any action that we propose to take under clause 24.3 before we take such action. If it is not practicable to give you prior notice, we will notify you at the time promptly after taking any such action.

Appears in 1 contract

Sources: Client Agreement