AUTOMATIC ROLLOVER AND VOLUNTARY LIQUIDATION OF ACCOUNT POSITIONS Sample Clauses

AUTOMATIC ROLLOVER AND VOLUNTARY LIQUIDATION OF ACCOUNT POSITIONS. Except as otherwise provided herein, or in the Trading Procedures as in effect from time to time, unless Customer provides to Interbank FX, LLC written or oral instructions to liquidate an open FOREX position in the Account (each, a "Spot FOREX Position") in accordance with the subsequent provisions of this Section 4, that position will be automatically rolled-over as an open position in the Account to the next business day, successively, subject at all times to the right of Interbank FX, LLC, in its sole and absolute discretion, to liquidate said position in accordance with the provisions of this Agreement, including, without limitation, the provisions of Section 6 hereof. A Spot FOREX Position in the Account may be settled or liquidated at any time by means of either (i) entering into an offsetting Spot Forex Transaction or (ii) making or taking delivery of the specified quantities of foreign currency. In order to liquidate an open Spot FOREX Position in the Account by selling or purchasing, as applicable, an equal and opposite offsetting Spot FOREX Contract, written or oral instructions must be given to Interbank FX, LLC by Customer. Alternatively, in order to liquidate an open Spot FOREX Position in the Account by means of delivering, or taking delivery, of the underlying currency, written or oral instructions to this effect must be given to Interbank FX, LLC, together with sufficient funds and all documents necessary to effectuate this mode of settlement.
Sample 1
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AUTOMATIC ROLLOVER AND VOLUNTARY LIQUIDATION OF ACCOUNT POSITIONS. Except as otherwise provided herein, or in the Trading Procedures as in effect from time to time, unless Customer provides to AGI written or oral or online/electronic (internet) instructions to liquidate an open futures, leveraged foreign exchange, stock index, CFD and commodities position in the Account (each, a "futures, leveraged foreign exchange, stock index, CFD and commodities Position") in accordance with the subsequent provisions of this section 5, that position will be automatically rolled-over as an open position in the Account to the next business day, successively, subject at all times to the right to AGI, in its sole and absolute discretion, to liquidate said position in accordance with the provisions of this Agreement, including, without limitation, the provisions of Section 7 below. A futures, leveraged foreign exchange, stock index, CFD and commodities position in the Account may be settled or liquidated at any time by means of either (i) entering into an offsetting future, leveraged foreign exchange, stock index, CFD and commodities transaction or (ii) making or taking delivery of the specified quantities of futures, leveraged foreign exchange, stock index, CFD and commodities In order to liquidate and open futures, leveraged foreign exchange, stock index, CFD and commodities position in the Account by selling or purchasing, as applicable, an equal and opposite offsetting futures, leveraged foreign exchange, stock index, CFD and commodities Contract, the oral or written or online/electronic (internet) instructions must be given to AGI by Customer. Alternatively, in order to liquidate and open futures, leveraged foreign exchange, stock index, CFD and commodities position in the Account by means of delivering, or taking delivery, of the underlying currency, the oral or written or online/electronic (internet) instructions to this effect must be given to AGI, together with sufficient funds and all documents necessary to effectuate this mode of settlement.
Sample 1

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