Common use of Give Clause in Contracts

Give. ups: Free Deliveries in the event: (i) your orders are not executed by Bear Stearns and you give-up Bear Stearns' name for clearance and settl▇▇▇▇▇, or (ii) you require Be▇▇ ▇▇▇▇rns to make a free delivery of cash or securities in connectio▇ ▇▇▇▇ the settlement of such orders, the following terms and conditions shall apply: (i) You agree that you will only execute bona-fide orders and if required for settlement, you will request a free delivery of cash or securities only when you have reasonable grounds to believe that the contra-party and the broker who executed your order have the financial capability to complete any contemplated transaction; (ii) Bear Stearns reserves the right at any time to place a limit (of e▇▇▇▇▇ ▇ollars or number of securities) on the size of transactions that Bear Stearns will accept for clearance. If after you have receive▇ ▇▇▇▇▇e of such limitation you execute an order in excess of the limit established by Bear Stearns, Bear Stearns shall have the right, exercisable in it▇ ▇▇▇▇ discret▇▇▇, ▇▇ decline to accept the transaction for clearance and settlement. In the event any claim is asserted against Bear Stearns by the broker who executed your order because of such ▇▇▇▇▇▇ by Bear Stearns, you agree to indemnify and hold Bear Stearns harmles▇ ▇▇▇▇ any loss, liability, damage, cost or ex▇▇▇▇▇ (including, but not limited to fees and expenses of legal counsel) arising directly or indirectly therefrom; and (iii) Bear Stearns will on a best efforts basis attempt to clear such tr▇▇▇▇▇▇▇ons within a reasonable period and utilize the same procedures it utilizes when clearing transactions on behalf of other customers. If either you or the broker who executed your order fails for any reason to settle the transaction and/or return any free delivery within a reasonable period of time, as determined by Bear Stearns, you will be solely liable to Bear Stearns for any and all ▇oss, including expenses, caused ther▇▇▇. ▇ear Stearns shall have no liability whatsoever to you in any such ▇▇▇▇▇▇stance.

Give. ups: Free Deliveries in the event: (i) your orders are not executed by Bear Stearns and you give-up Bear Stearns' name for clearance and settl▇▇▇ ▇▇▇ttlement, or (ii) you require Be▇▇ ▇▇▇▇rns ▇▇▇ Bear Stearns to make a free delivery of cash or securities in connectio▇ ▇▇▇▇ ▇▇▇tion with the settlement of such orders, the following terms and conditions shall apply: (i) You agree that you will only execute bona-fide orders and if required for settlement, you will request a free delivery of cash or securities only when you have reasonable grounds to believe that the contra-party and the broker who executed your order have the financial capability to complete any contemplated transaction; (ii) Bear Stearns reserves the right at any time to place a limit (of e▇▇▇▇▇ ▇ollars f either dollars or number of securities) on the size of transactions that Bear Stearns will accept for clearance. If after you have receiveha▇▇ ▇▇▇▇▇e ived notice of such limitation you execute an order in excess of the limit established by Bear Stearns, Bear Stearns shall have the right, exercisable in itexercis▇▇▇▇ ▇▇ its so▇▇ ▇▇▇▇ discret▇▇▇retion, ▇▇ to decline to accept the transaction for clearance and settlement. In the event any claim is asserted against Bear Stearns by the broker who executed your order because of such ▇▇▇▇becau▇▇ ▇▇ ▇uch action by Bear Stearns, you agree to indemnify and hold Bear Stearns harmlesStear▇▇ ▇▇▇▇ ▇less from any loss, liability, damage, cost or ex▇▇▇▇▇ ▇▇ expense (including, but not limited to fees and expenses of legal counsel) arising directly or indirectly therefrom; and (iii) Bear Stearns will on a best efforts basis attempt to clear such tr▇▇▇▇▇▇▇ons ▇ transactions within a reasonable period and utilize the same procedures it utilizes when clearing transactions on behalf of other customers. If either you or the broker who executed your order fails for any reason to settle the transaction and/or return any free delivery within a reasonable period of time, as determined by Bear Stearns, you will be solely liable to Bear Stearns for any and all ▇oss▇▇ ▇▇▇ loss, including expenses, caused therc▇▇▇▇▇ ▇hereby. ▇ear Bear Stearns shall have no liability whatsoever to you in any such i▇ ▇▇▇ ▇▇▇▇stanceuch circumstance.