Limits Applied Clause Samples
The "Limits Applied" clause defines the maximum extent of liability, coverage, or responsibility that a party assumes under an agreement. Typically, this clause specifies monetary caps or other quantitative restrictions on damages, claims, or insurance payouts, and may outline whether these limits apply per incident, per year, or in aggregate. By clearly establishing these boundaries, the clause helps manage risk exposure and provides certainty to both parties regarding the potential financial consequences of the contract.
Limits Applied. 2.6.1 The Minimum volume of the copied trades is 0.01 lot, and the maximum volume is 50 lots Per Click Per instrument.
2.6.2 The minimum copied order volume is 0.01 lots. However, copied orders with a volume below 0.005 lots will be refused, while copied trades from 0.005 lots and above will be rounded to 0.01 lots.
2.6.3 The volume of any order is rounded to the nearest hundredth decimal point (the second digit after the decimal). For instance, if the Copier copies an order for 0.324 lots, the order will be rounded down to 0.32 lots. Vice versa, if the Copier copies an order for 0.325 lots, the order will be rounded up to 0.33 lots.
2.6.4 If the copied trade volume is bigger than 50 lots per click after the calculation is made, then the trade will not be opened on the Copier account.