Common use of Action Against Exchanges Clause in Contracts

Action Against Exchanges. You may in your absolute discretion take any actions whatsoever against any Exchange, Clearing House and/or any other person in respect of any failure by such Exchange, Clearing House and/or other person to make any payment or to deliver any amount of any Commodity in respect of any Futures/Options Contract referred to in Clause 5.1, provided that if any such action is taken by you, I/we shall fully indemnify you on demand in respect of all costs and expenses incurred by you in connection with the taking of such actions.

Action Against Exchanges. You may in your absolute discretion take any actions whatsoever against any Exchangeexchange, Clearing House clearing house and/or any other person in respect of any failure by such Exchangeexchange, Clearing House clearing house and/or other person to make any payment or to deliver any amount of any Commodity in respect of any Futures/Options Contract referred to in Clause 5.1, provided that if any such action is taken by you, I/we shall fully indemnify you on demand in respect of all costs and expenses incurred by you in connection with the taking of such actions.