Common use of CANCELLATION AND MODIFICATION REQUESTS Clause in Contracts

CANCELLATION AND MODIFICATION REQUESTS. Customer acknowledges that it may not be possible to cancel or modify an order. Customer understands and agrees that, if an order cannot be cancelled or modified, Customer is bound by any execution of the original order. Evalanch Ltd is not liable to Customer if Evalanch Ltd is unable to cancel or modify an order. Customer further acknowledges that attempts to modify or cancel and replace an order can result in an over-execution of the order, or the execution of duplicate orders, that Evalanch Ltd systems do not prevent over-execution on duplicate orders from occurring, and that Customer shall be responsible for all such executions. Customer agrees not to assume that any order has been executed or cancelled until ▇▇▇▇▇▇▇▇ has received confirmation from Evalanch Ltd with regard to order execution. Customer is responsible for knowing the status of Customer‘s pending orders before entering additional orders. Customer agrees to contact Evalanch Ltd in the event Customer is unclear on the status of an order. Customer agrees to regularly review Customer’s online Account Statement to confirm the status of Customer’s orders.