Use & Processing · Permission or license
You consent to Automated Systems and accept that Indemnified Parties are not responsible for System Failures
You consent to Robinhood and its affiliates using automated systems or service bureaus for your Account, including automated order entry and execution, record keeping, reporting, account reconciliation and risk management ("Automated Systems"). You understand these systems involve risks such as interruption or delays, errors or omissions in information, system failure and design or functioning errors (a "System Failure") that could cause you substantial damage, expense or liability. Under Section 14.2 you agree the Indemnified Parties are not responsible for your Losses from a System Failure, except to the extent the Losses result from their violation of the Agreement, Applicable Rules or standards of conduct.
Supporting quotations
You consent to the use of automated systems or service bureaus by Robinhood and its respective affiliates in conjunction with your Account, including automated order entry and execution, record keeping, reporting and account reconciliation and risk management systems (collectively "Automated Systems").
you understand and agree that Indemnified Parties will not be responsible for any of your Losses arising out of or relating to a System Failure, except to the extent such Losses result from the Indemnified Parties’ violation of this Agreement, Applicable Rules, or applicable standards of conduct
WILL NOT BE RESPONSIBLE TO YOU OR TO THIRD PARTIES FOR ANY LOSSES YOU INCUR
Qualifications & exceptions
- The exception applies to Losses resulting from the Indemnified Parties' violation of the Agreement, Applicable Rules or applicable standards of conduct.
Not stated here
- Section 14.2 as supplied uses "Robinhood Parties", while this clause says "Indemnified Parties"; the text does not say the two groups are identical.