Common use of Right not to Accept Instructions or Orders Clause in Contracts

Right not to Accept Instructions or Orders. We may, but shall not be obliged to, accept instructions to enter into a Transaction. If we decline to enter into a proposed Transaction, we shall not be obliged to provide a reason, but we shall promptly notify you accordingly. Unless otherwise agreed with you, instructions for the simultaneous sale and purchase of a Financial Instrument on behalf of the same beneficial owner may not be given under this Agreement.

Appears in 3 contracts

Sources: Standard Terms of Business, Standard Terms of Business, Standard Terms of Business

Right not to Accept Instructions or Orders. We may, but shall not be obliged to, accept instructions to enter into a Transaction. If we decline to enter into a proposed Transaction, we shall not be obliged to provide a reason, reason but we shall promptly notify you accordingly. Unless otherwise agreed with you, instructions for the simultaneous sale and purchase of a Financial Instrument on behalf of the same beneficial owner may not be given under this Agreement.

Appears in 2 contracts

Sources: Odp to FSP Liquidity Terms, Terms of Business