Block Transactions Sample Clauses
Block Transactions. The Agent may solicit offers to purchase Shares, and offer Shares for sale, in transactions on the Exchanges in "crosses" of blocks where the Agent acts as broker for the buyers in addition to acting as agent for the Company. It is understood that on occasion the Agent may also act as a principal and purchase for its own account, with the consent of the Company, a portion of the Shares being sold in the cross of a block. The Agent may also offer and sell Shares in block transactions on the Exchanges in which other broker-dealers are acting as broker for all or some of the buyers of the Shares being sold in such transactions. In the discretion of the Agent, the Agent may also sell Shares in block transactions to one or more broker-dealers purchasing such Shares, or a portion of such Shares, as principal for their own account, with the consent of the Company. Any of the transactions contemplated by this Section 3(a) (ii) may be executed in the over-the-counter market, with broker-dealers who are not members of the Exchanges or otherwise, provided that the Agent has obtained any necessary permission from officials of the Exchanges or such transactions are otherwise in compliance with the rules of the Exchanges.
Block Transactions i. Block Transactions between two Contracting Parties (each acting for itself or through its agent) may be effected through the ICEBlock electronic trading facility or by telephonic means as provided by the Exchange, rather than on the NGX Trading System, in accordance with the provisions of this Rule.
ii. Block Transactions may be transacted only in Futures Products authorized for that purpose by the Exchange. The minimum volume to qualify as a Block Transaction under this rule is as the Exchange shall establish in its discretion and publish on its website from time to time.
iii. A Contracting Party, for its own account, may aggregate multiple orders to meet the contract minimums for a Block Transaction.