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. MiltonPrime is not liable to Customer if MiltonPrime 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 MiltonPrime’s 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 orcancelled until Customer has received confirmation from MiltonPrime 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 MiltonPrime 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.