Common use of Required instructions, etc Clause in Contracts

Required instructions, etc. 34.2.1 The User must promptly give to MERJ any instructions which MERJ may require of the User in respect of any Transaction or proposed Transaction. 34.2.2 If the User does not promptly give those instructions, MERJ, acting reasonably, may take the steps at the User’s cost and expense as MERJ considers necessary or desirable for its own protection or the protection of the User. 34.2.3 The User authorises MERJ to charge the User account where User Funds are held (including, where relevant, the Segregated Funds Account) with any such cost or expense of taking those steps. 34.2.4 The User acknowledges and agrees that ▇▇▇▇ is not responsible for notifying the User of any times, dates or events that may be relevant to any Transaction (including in relation to Transactions where MERJ may require instructions). 34.2.5 MERJ may (but is not in any circumstances obliged to) require confirmation (in the form that MERJ requires) of any order or instruction (whether oral, written or electronic) if - 34.2.5.1 the order or instruction is to close an Account or remit funds due to the User; or 34.2.5.2 it appears to MERJ, acting reasonably, that the confirmation is necessary or desirable. 34.2.6 MERJ may acknowledge an order, instruction or other communication (whether oral, written or electronic) orally, in writing or by way of a MERJ Platform.

Appears in 1 contract

Sources: Upstream Participation Agreement

Required instructions, etc. 34.2.1 The User must promptly give to MERJ any instructions which MERJ may require of the User in respect of any Transaction or proposed Transaction. 34.2.2 If the User does not promptly give those instructions, MERJ, acting reasonably, may take the steps at the User’s cost and expense as MERJ considers necessary or desirable for its own protection or the protection of the User. 34.2.3 The User authorises MERJ to charge the User account where User Funds are held (including, where relevant, the Segregated Funds Account) with any such cost or expense of taking those steps. 34.2.4 The User acknowledges and agrees that ▇▇▇▇ is not responsible for notifying the User of any times, dates or events that may be relevant to any Transaction (including in relation to Transactions where MERJ may require instructions). 34.2.5 MERJ may (but is not in any circumstances obliged to) require confirmation (in the form that MERJ requires) of any order or instruction (whether oral, written or electronic) if - 34.2.5.1 the order or instruction is to close an Account or remit funds due to the User; or 34.2.5.2 it appears to MERJ, acting reasonably, that the confirmation is necessary or desirable. 34.2.6 MERJ may acknowledge an order, instruction or other communication (whether oral, written or electronic) orally, in writing or by way of a MERJ Platform.

Appears in 1 contract

Sources: Upstream Participation Agreement