PSX definition
Examples of PSX in a sentence
The decision of arbitrators shall be binding on both the Parties subject to their rights of appeal in the manner provided in PSX Regulations, if exercised.
Market Maker shall not transfer or assign its rights and obligations hereunder, including the performance and benefits of its market-making, to any party without the prior written approval of PSX.
PSX shall award the Market Maker such benefits as may be decided by PSX from time to time.
No modification to this Agreement proposed by the Market Maker shall be effective or binding on PSX, unless an authorized representative of PSX duly executes the same.
Notwithstanding, subject to regulatory requirements, PSX may implement any change in the trading policies without such notification where it deems the immediate implementation of such change as necessary or desirable, in its absolute discretion.
Market Maker shall indemnify PSX and keep it indemnified against all claims, damages, liabilities, losses and expenses sustained by PSX on account of any claim of whatsoever nature in connection or ancillary to any misuse by Market Maker or any other person/entity on its behalf or otherwise, the facility of direct access to the Trading System or due to any other non-compliance on the part of the Market Maker towards any requirement and/or Regulations relating to market-making.
All matters about the Contract, including its interpretation, application, validity, performance and breach, in whatever jurisdiction, will be brought to and shall be governed by, construed and enforced as per the laws of the Islamic Republic of Pakistan and the courts of Karachi will have exclusive jurisdiction to entertain the matters, unless PSX decides otherwise.
In case any dispute in connection with the Transaction between the Securities Broker and the Customer is not settled amicably, either Party may refer the same to the Arbitration in accordance with the arbitration procedures prescribed in PSX Regulations.
Nevertheless, PSX may, in its discretion, waive in writing any requirement of this Agreement or the related provision in the Trading Policies, subject to any required regulatory approval.
Parent shall use best efforts to cause the Parent Common Stock issuable (i) under Article II or (ii) upon exercise of the LTWs and Adjusted Options pursuant to Section 5.6 to be approved for issuance on the NYSE and the PSX, in each case subject to official notice of issuance, as promptly as practicable after the date hereof, and in any event prior to the Closing Date.