POSITIONS AND DELIVERIES Sample Clauses

POSITIONS AND DELIVERIES. Customer acknowledges Customer’s reporting obligations (regarding certain sized positions) under CFTC Regulations, including the obligation to complete Form 40 upon request by the CFTC. Customer acknowledges that the making or accepting of delivery pursuant to a futures contract may involve a much higher degree of risk than liquidating a position by offset. Xxxxxxxxxx has no control over and makes no warranty with respect to grade, quality, or tolerances of any commodity delivered in fulfillment of a contract. Customer understands that, unless the contract specifications state to the contrary, every futures contract contemplates delivery and Customer shall promptly advise Xxxxxxxxxx if Customer intends to make or take delivery. When Customer intends to take delivery, Customer shall deposit with Xxxxxxxxxx the full value of the commodity at least one (1) business day prior to the first notice day and, in the case of short positions, at least four (4) business days prior to last trading day. Alternatively, sufficient funds to take delivery or the necessary documents must be in the possession of Xxxxxxxxxx within the same periods described above. If Xxxxxxxxxx does not receive the aforementioned instructions, funds or documents, Xxxxxxxxxx is authorized, at its discretion, to borrow or buy any property necessary to honor such obligation, and customer shall pay and indemnify Xxxxxxxxxx for any costs, losses, penalties or damages (including, but not limited to delivery and storage costs) which Xxxxxxxxxx may incur in fulfilling this responsibility. Customer agrees that Xxxxxxxxxx, at its discretion, may establish trading limits for Customer’s account and may limit the number of open positions (net or gross) which Customer may execute, clear, and/or carry with or acquire through it. Customer agrees (i) not to make any trade which would have the effect of exceeding such limits, (ii) that Xxxxxxxxxx may require Customer to reduce open positions carried with Xxxxxxxxxx, and (iii) that Xxxxxxxxxx may refuse to accept orders to establish new positions. Xxxxxxxxxx may impose and enforce such limits, reduction, or refusal whether or not they are required by applicable law, regulations, or rules. Customer shall comply with all position limits established by any regulatory or self-regulatory organization or any exchange. In addition, Customer agrees to notify Xxxxxxxxxx promptly if Customer is required to file position reports with any regulatory or self-regulatory organ...
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POSITIONS AND DELIVERIES. Client acknowledges Client’s reporting obligations (regarding certain sized positions) under regulations promulgated by the CFTC (“CFTC Regulations”), including the obligation to complete Form 40 upon request by the CFTC. Client acknowledges that the making or accepting of delivery pursuant to a futures Contract may involve a much higher degree of risk than liquidating a position by offset. X.X. X’Xxxxx has no control over and makes no warranty with respect to grade, quality, or tolerances of any commodity delivered in fulfillment of a Contract. Client understands that unless the Contract specifications state to the contrary, every futures Contract contemplates delivery and Client shall promptly advise
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Related to POSITIONS AND DELIVERIES

  • ADDITIONS AND DELETIONS Additions to and deletions from the Approved List may be made from time to time by the Trustee upon the written recommendation by the Advisor, or on the Trustee’s own initiative. In lieu of deleting a security entirely, the Trustee may restrict further purchases of such security or direct a reduction in the holdings thereof. A security once deleted from the Approved List shall not thereafter be added to the Approved List without a new approval by the Trustee.

  • Payment and Delivery Payment for the Option Shares shall be made on the Option Closing Date by wire transfer in Federal (same day) funds, payable to the order of the Company upon delivery to you of certificates (in form and substance satisfactory to the Underwriters) representing the Option Shares (or through the facilities of DTC) for the account of the Underwriters. The Option Shares shall be registered in such name or names and in such authorized denominations as the Representative may request in writing at least two (2) full Business Days prior to the Option Closing Date. The Company shall not be obligated to sell or deliver the Option Shares except upon tender of payment by the Representative for applicable Option Shares.

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